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What Happened To The Superlative Profits?
The superlative profits of the past two years were deployed increasingly internally by companies and not paid out as dividends.
15 Sep 2022, 10:11 PM IST
Indian companies made superlative profits during 2020-21 and 2021-22. This is now well established. It was first seen in the abridged financial statements of listed companies. Now, we see it in the complete audited financial statements of listed and unlisted companies. What is interesting is what the companies did with the profits they earned. Broadly, there are four avenues for deployment—distribute the profits as dividends, invest ...
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