Mcleod Russel India Limited — Board Meeting, 13-11-2024: Outcome of Board Meeting

The Board has approved the financial results for the quarter and half-year. For Q2 FY24, McLeod Russel reported a revenue of ₹41,150 Cr, indicating a recovery from previous losses, leading to a profit of ₹10,021 Cr before tax. Total expenses stood at ₹31,179 Cr, with significant contributions from employee benefits and finance costs. However, it continues to face challenges with pending Inter-Corporate Deposits of ₹2,76,109 Cr, raising concerns about the long-term financial health and going concern status. The company remains focused on restructuring its debts and improving liquidity moving forward.