Disclosure Nature

Regulatory filing submitted to BSE Limited on May 19, 2019, containing the Audited Cash Flow Statement for the financial year ended March 31, 2019, prepared pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Approval Process

The Audited Cash Flow Statement was:

  • Reviewed and recommended by the Audit Committee
  • Considered, approved, and taken on record by the Board of Directors
  • Approved at the Board meeting held on May 19, 2019

Financial Data - Cash Flow Statement (Amount in INR)

Cash Flow from Operating Activities

| Particulars | For Year ended 31 March 2019 (Rs.) | For Year ended 31 March 2018 (Rs.) |

| Net Profit/(Loss) before extraordinary items & tax | 46,84,826 | 49,00,287 |

| Adjustments: | | |

| Depreciation and amortisation | 27,70,915 | 26,14,679 |

| Provision for impairment of fixed assets and Other R & T and Legal Expenses | 1,59,956 | 1,12,564 |

| Finance costs | 1,46,085 | 22,002 |

| Operating profit/(loss) before working capital changes | 77,61,782 | 76,49,532 |

Working Capital Changes

| Adjustments for (increase)/decrease in operating assets: | | |

| Inventories | 2,14,74,725 | (5,34,783) |

| Trade receivables | 9,52,174 | 48,19,419 |

| Long-term loans and advances | 31,04,788 | 31,04,788 |

| Other current assets | 20,24,704 | 2,24,967 |

| Adjustments for increase/(decrease) in operating liabilities: | | |

| Trade payables | (3,45,263) | 12,16,303 |

| Short-term provisions | (35,651) | 2,68,981 |

Net Cash Flow Summary

| Cash generated from operations | 3,49,37,259 | 1,67,49,207 |

| Net cash flow from/(used in) operating activities (A) | 3,49,37,259 | 1,67,49,207 |

Key Observations

  • Significant improvement in cash from operations: ₹3.49 crore in FY19 vs ₹1.67 crore in FY18
  • Major positive contribution from inventory reduction: ₹2.15 crore inflow in FY19 vs ₹5.34 lakh outflow in FY18
  • Trade receivables contributed ₹9.52 lakh inflow in FY19 vs ₹48.19 lakh inflow in FY18
  • Long-term loans and advances showed consistent inflow of ₹31.04 lakh in both years

Accounting Standards and Methodology

The Cash Flow Statement has been prepared:

  • Under the 'Indirect Method' as set out in Indian Accounting Standard (Ind AS 7) on 'Statement of Cash Flows'
  • In accordance with Indian Accounting Standards - Ind AS 7
  • With comparative figures for the previous year ended March 31, 2018

Notes

  • Figures in brackets indicate cash outflows
  • The statement was approved by the Board of Directors at its meeting held on May 15, 2019
  • No tax payments or refunds were reported for either period
  • No extraordinary items were reported

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