inside the report developments & impact 2 financials 3 valuations 4 eel after incurring a massive loss of rs 36 crs in fy 99 00 has attempted to paint its latest annual with such an optimistic picture that lay reader simply looks at potential and forgets past misdeeds for eg excerpts from cmd s statement our version it is stated elbee grown 30 last year against industry growth 20 however fact matter was aberration hence not comparable all infact cagr three years would come almost negative terms sales forget profits similarly operating have improved 350 lacs 1207 once again previous exceptional period accounting also only 9 months correct make comparision further when compared any normal this profit really renewed alliance
