Hi All. I was going through the P&L statement of BBTC in ‘screener.in’. I can see that the Profit Before Tax listed for Mar 2023 is 281 (in crores) and Net Income -534 (minus). The reason seems to be high tax of 230%. Any idea why so much high tax compared to other years of BBTC?
It’s not tax. Screener doesn’t show “Exceptional items” separately. There was a 1800+ cr. impairment provision for their exposure to Go Air which means they think all the money they’ve given GoAir (deposits etc) are likely to not be returned.