To be crude, the commodity downcycle is far from over. Similar is the case for industrial metals, who have been hit by lower demand. In such a scenario, the stress has been manifesting itself in the form of exceptional items. For the nine months ended December 2015, write-offs stood at Rs.16,854 crore. Already higher than the Rs.13,063 crore (2.3% of operating profit) written-off in FY14, the number is expected to swell once the March quarter numbers are out.
Waiting To Explode
Swelling exceptional items are a clear and present danger to investor wealth
Summer wine and salad
Kishore Singh - January 19, 2015
The million-dollar question: Is investing a game of luck or skill?
Shankar Sharma - May 04, 2021
Every crisis is an opportunity, if you are on the right side of equities
Samir Arora - May 04, 2021
Viraj Mehta trusts the toughness and bounce of a company that has seen many trials
Viraj Mehta - May 04, 2021
Safir Anand spots a mid-sized company with the right chemistry and catalytic circumstances
Safir Anand - May 07, 2021