Bigbasket Annual Reports, Balance Sheet and Financials

Supermarket Grocery Supplies Limited Balance Sheet (Rs In Crores)

 Supermarket Grocery Supplies Limited Profit & Loss Statement (Rs In Crores)

 Supermarket Grocery Supplies Limited Cash Flow Statement (Rs In Crores)

Here is the summary of cash flow statement for the financial year ending 2024 and 2023:

The company reported a loss before tax of ₹1,415.29 crores for FY 2024, which is an improvement from the loss of ₹1,785.42 crores in FY 2023. This indicates a reduction in the operational loss, suggesting some recovery in the business operations. However, the company is still incurring losses before tax.

Finance costs, which reflect the company 's borrowing expenses, increased to ₹152.51 crores in FY 2024, compared to ₹128.84 crores in FY 2023. This rise in finance costs may be due to higher borrowings or increased interest rates.

Changes in working capital also played a role in the cash flow. Inventories saw an increase of ₹129.91 crores in FY 2024, compared to ₹79.26 crores in FY 2023, indicating that the company may have higher stock levels or slower-moving goods. Similarly, trade receivables increased by ₹35.39 crores in FY 2024, compared to ₹23.92 crores in FY 2023, suggesting that more money was owed by customers, potentially due to delays in collections. Other non-current assets decreased by ₹44.77 crores in FY 2024, a smaller decrease than ₹115.01 crores in FY 2023, indicating some recovery in cash from long-term assets. Financial assets also saw a decrease, particularly in current financial assets, which fell by ₹87.07 crores in FY 2024, compared to ₹40.01 crores in FY 2023.

Depreciation and amortization expenses were ₹313.83 crores in FY 2024, down from ₹324.32 crores in FY 2023. Since depreciation is a non-cash expense, it reduces taxable income but does not impact the actual cash flow. Share-based payments also decreased to ₹100.40 crores in FY 2024 from ₹161.96 crores in FY 2023, indicating a reduction in the issuance of stock-based compensation.

After adjustments, the company recorded a net cash outflow of ₹1,102.48 crores in FY 2024, an improvement from the outflow of ₹1,346.57 crores in FY 2023. Despite the negative cash flow, this reflects a better performance compared to the previous year. The income taxes paid were minimal, at ₹0.95 crores in FY 2024, compared to ₹6.55 crores in FY 2023, likely due to reduced taxable income from losses.

In terms of investing activities, the company generated ₹4.23 crores from the sale of property, plant, and equipment in FY 2024, compared to ₹1.13 crores in FY 2023, reflecting more asset disposals. The company spent ₹104.91 crores on purchasing property, plant, and equipment in FY 2024, down from ₹233.53 crores in FY 2023, indicating lower capital expenditures. There were also proceeds of ₹20.33 crores from the sale of other long-term assets in FY 2024, a sharp decline from ₹2,142.32 crores in FY 2023. This suggests a significant reduction in asset disposals, which may have been substantial in the prior year. Additionally, no cash advances or loans were made in FY 2024, while ₹150.00 crores was advanced in FY 2023. The company did receive ₹76.25 crores in loan repayments, slightly higher than ₹73.75 crores in FY 2023. Interest received was ₹2.18 crores in FY 2024, a decrease from ₹11.64 crores in FY 2023.

Net cash used in investing activities was ₹3.83 crores in FY 2024, significantly lower than ₹304.57 crores in FY 2023, indicating a decrease in cash outflows for investments.

Regarding financing activities, the company raised ₹0.53 crores from issuing equity instruments in FY 2024, a sharp decline from ₹1,862.47 crores in FY 2023. This reflects that there were no significant equity issuances during FY 2024. On the other hand, the company repaid ₹1,354.81 crores in borrowings in FY 2024, up from ₹783.44 crores in FY 2023, showing an increased effort to reduce debt. Borrowings also increased by ₹2,730.00 crores in FY 2024, compared to ₹840.00 crores in FY 2023, indicating the company raised more debt in FY 2024 to finance its operations or investments. Payments for lease liabilities were ₹216.43 crores in FY 2024, compared to ₹210.29 crores in FY 2023, showing stability in this cash outflow. Interest payments increased to ₹73.45 crores in FY 2024 from ₹44.69 crores in FY 2023, reflecting the higher cost of servicing the increased debt.

The net cash inflow from financing activities was ₹1,084.78 crores in FY 2024, compared to ₹1,633.81 crores in FY 2023. Although the company raised a significant amount of debt, the net financing cash inflow was lower than in FY 2023.

Despite the inflows from financing activities, the company recorded a net decrease of ₹22.48 crores in cash and cash equivalents for FY 2024, compared to a decrease of ₹23.89 crores in FY 2023, indicating a relatively stable cash position but with a slight decline over the period. The company’s cash and cash equivalents at the end of FY 2024 stood at ₹37.30 crores, a substantial improvement from ₹5.98 crores in FY 2023. This suggests that the company improved its liquidity position by the end of the fiscal year, despite operational losses.

In conclusion, the company faced challenges with operating losses but showed improvements in cash management and financing activities during FY 2024. The company increased its borrowings, reduced investment outflows, and improved its liquidity position, resulting in a slight increase in cash and cash equivalents by the end of the period. However, challenges in operations and working capital management persist.