Saturday, February 13, 2010

Where are the lakhs?

I am talking about the missing lakhs from the results of Atul. The company has from the last three quarters started omitting lakhs from every item of its result and reporting everything in rounded "Crore" figure. One more company that follows the same practice is Infosys which started the practice from SEP 05 Quarter. It is surprising suddenly the company started doing business in round figures of "Crores" when the company's total yearly revenue is just around INR 1200 Crore. Infosys started doing it when its revenue went above INR 2000 Crore quarterly.
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