When I see annual results of Indian companies, there are two terms for sales and profits, “consolidated profit” and “profit”. Same way “consolidated sales” and “sales’.
These figures are different. Usually consolidated sales and profit are higher than sales and profit.
Whats the difference between “consolidated sales” and “sales” and same way whats the difference between “consolidated profit” and “profit” ?
What does consolidated sales and consolidated profit include that sales and profit does not ?
Look at and they have a lot of information on Indian affairs and the pesky accounting.