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West Leisure Resorts Ltd Management Discussions

Jul 18, 2024|03:40:00 PM

West Leisure Resorts Ltd Share Price Management Discussions


The Companys current business activity consists of two segments viz Financial activities and Provision of Services. The segment revenue and segment results appear in notes to the Financial Statements.

The global landscape has been shaped and reshaped time and again by innumerable episodes with diverse consequences. The Financial Year 2021-2022 is another such testimony that, whether natural or man-made, pandemic or war, disasters have their own course of travel, which will cause upheaval and eventually induce countries and businesses to re-route their journeys. Covid-19 continues to be an impactful factor. Though many parts of the world have shielded themselves with vaccination, it has been still playing havoc in certain parts of the world. However, high vaccination levels in India have helped a great deal in controlling the outbreak at manageable levels.

The Companys activity pertaining to investment has been impacted due to COVID-19 crises and accordingly the profitability of the Company has also been impacted. Further, the Company has made investment in an entity engaged in Operating Commercial mall and construction & development of Real Estate Projects. Due to impact of COVID - 19 on this sector, there is impact on the value of such Investment made by the Company. The Company has made necessary adjustments in the value of its Investments. However, this has not impacted cash flows of the Company.

Considering the evolving nature of the pandemic, its actual impact in future could be different from that estimated. The Company continues to monitor any material changes to future economic conditions.

The Company has in place internal financial control systems, commensurate with its size and the nature of its operations to ensure proper recording of financial and operational transactions / information and compliance of various internal controls and other regulatory and statutory compliances. The internal auditors monitor and evaluate the efficacy and adequacy of internal control systems in the Company. The observations arising out of the internal audits are periodically reviewed by appropriate persons and summaries along with corrective actions plans, if any, are submitted to the management and Audit Committee for review, comments and directions. The concerned persons undertake corrective action in their respective areas and thereby strengthen the controls.

The Company did not enter any transaction(s) with any person(s) or entity belonging to the promoter / promoter group who holds 10% or more shareholding in the Company. Information pertaining to financial performance forms part of this Report.

There were no material developments in the Companys Human Resource Capital.


i) Current Ratio:

As at March 31, 2022 the Companys current ratio was 1.60: 1 in comparison to 2.66: 1 in the previous year. The decrease in the current ratio during the current year over the previous year is mainly due to decrease in current assets.

ii) Net Profit Margin:

The Companys net profit margin at the current year end was -140.03% in comparison to 26.22% in the previous year. The decrease in the net profit margin is due to net loss incurred in the current year in comparison to net profit earned in the previous year.

iii) Return on Net Worth:

The Companys return on net worth at the current year end was -3.88% as compared to -1.17% in the previous year. The decrease in return on net worth is mainly due to net loss incurred, during the current year combined with surge in total comprehensive loss.

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