Q4 2020 Thermax Limited Earnings Call Transcript
(technical difficulty) lower by 2% at 5,238 versus last year's opening or maybe closing orders of 5,370. Just your arithmetic may not be exactly working on this opening versus revenue recognition versus the new order booking on account of fact that there are some orders which were not really moving. They were removed from the order carryforward. So this 5,230, which number which I have given to you, would have been maybe around 5,450 before correction. The corrections were made to ensure that only the live and active orders are carried forward into the next year. So the live orders itself are just about 2% lower than the last year's similar numbers.
Coming to the revenues for the quarter, including the other income, the current year's number is INR 1,354 crore versus INR 2,126 crore with a 36% drop in comparison to the last year. I owe an explanation to all of you. So how can COVID, which is applicable only for part of the quarter and specifically a lockdown, which could have been just about a week, how can it have impacted the revenues for the company, to this kind of a number? The reality was
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