Two profit lines.
Only one of them is the business.
Same company, two years, figures in Rs crore. The headline is the bottom row. The story is the top one.
| Line |
Last year |
This year |
| Core operating profit | 120 | 110 |
| Other income . interest . treasury | 50 | 90 |
| Reported pre-tax profit | 170 | 200 |
The headline grew 18 pct. Strip the other income and the actual business fell roughly 8 pct, from 120 to 110. The gap was plugged by the cash pile: other income jumped 50 to 90 and its share of profit went from 29 pct to 45 pct. The factory slowed. The fixed deposit picked up the slack.