Revenue growth of 30-35% in FY26 with higher margin product mix. Shift away from consumer, exports & ODM driving earnings that support Syrma's premium valuation
Hello sir, I just started reading the Syrma's Annual Report of FY 24 and 23, in the Consolidated Statement of P&L, the employee benefit expense in 24 annual report for FY 23 is mentioned 101, however same expense in FY 23 report is mentioned 160, I can't seem to find any NOTE regarding that, I would be glad, if you can help in this.
Hello sir, I just started reading the Syrma's Annual Report of FY 24 and 23, in the Consolidated Statement of P&L, the employee benefit expense in 24 annual report for FY 23 is mentioned 101, however same expense in FY 23 report is mentioned 160, I can't seem to find any NOTE regarding that, I would be glad, if you can help in this.
FY23 Annual Report
Refer to 34 a Employee Benefits Expense
Salaries, wages and bonus = 80.887 Cr
Refer 36 e Other Expenses
Contract wages = 92.892
FY24 Annual Report
Refer to 36 a Employee Benefits Expense
Salaries, wages and bonus =76.839 Cr
Refer 38 e Other Expenses
Contract wages = 96.940
Contract wages been shifted into Other Expenses in FY24 AR. The reduction was balanced by an increase in Other Expenses