Merind Annual Reports, Balance Sheet and Financials

Merind Limited Balance Sheet (Rs in Thousands

Merind Limited Profit & Loss Statement (Rs in Thousands)

 Merind Limited Cash Flow Statement (Rs in Thousands)

Here is a summary of the Cash Flow Statement for the years 2024 and 2023:

Operating Activities: The company experienced a net profit before taxation of Rs. 73,813 thousand, a decrease from Rs. 85,190 thousand in the previous year. This decline was primarily due to higher finance costs and lower interest income compared to the prior year. Despite a depreciation and amortization expense remaining consistent at Rs. 47 thousand, and fair valuation and notional interest on preference shares increasing, the company faced an operating loss of Rs. 27,543 thousand, a worsened position from the prior year 's loss of Rs. 17,967 thousand. Adjustments in working capital showed a net cash outflow with a significant increase in liabilities and provisions and a decrease in loans and advances and other assets. Ultimately, the net cash used in operating activities was Rs. 49,395 thousand, a considerable increase from Rs. 18,899 thousand in the previous year, reflecting intensified operational challenges.

Investing Activities: The cash flow from investing activities was significantly negative at Rs. 3,76,007 thousand, compared to Rs. 64,151 thousand in the previous year. This large outflow was primarily driven by substantial repayments from related parties amounting to Rs. 3,80,935 thousand, up from Rs. 90,700 thousand in the previous year. There was a minor increase in margin money and fixed deposits, and interest received decreased to Rs. 6,107 thousand from Rs. 11,174 thousand, highlighting a more strained investing activity compared to the prior period.

Financing Activities: On the financing front, the company saw a positive cash flow of Rs. 4,26,338 thousand, a notable rise from Rs. 78,982 thousand in the previous year. This improvement was driven by new loans from related parties amounting to Rs. 9,17,800 thousand, significantly up from Rs. 1,50,000 thousand in the previous year. Repayments of borrowings also increased to Rs. 4,84,000 thousand from Rs. 70,000 thousand, while interest paid surged to Rs. 7,462 thousand from Rs. 1,018 thousand. This suggests a higher reliance on financing to manage liquidity.

Overall Cash Flow: The net increase in cash and cash equivalents was Rs. 936 thousand, a modest rise compared to a decrease of Rs. 4,068 thousand in the previous year. Cash and cash equivalents at the end of the year amounted to Rs. 4,668 thousand, showing a recovery from Rs. 3,732 thousand at the beginning of the year. This modest increase reflects a cautious improvement in cash management despite significant cash outflows from operating and investing activities, supported by a strong positive cash flow from financing activities.