Chitrakut Holdings Latest Annual Report | Balance Sheet and Financials

Chitrakut Holdings Limited (CHITRAKUT) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
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Chitrakut Holdings Limited

Chitrakut Holdings Limited Balance Sheet (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
FINANCIAL ASSETS
Cash and Cash Equivalents	75.40	24.99
Trade Receivables	4.28	6.54
Loans	1,323.39	2,029.91
Investments	300.97	214.54
Other Financial Assets	121.33	77.08
NON FINANCIAL ASSETS
Current Tax Assets (Net)	18.60	16.42
Investments	45.61	45.61
Property, Plant & Equipment	1.23	1.96
Other Non- Financial Assets	745.45	0.95
Total Assets	2,636.26	2,418.00
FINANCIAL LIABILITIES
Borrowings (Other than Debt Securities)	-	49.99
Other Financial Liabilities	1.43	-
NON FINANCIAL LIABILITIES
Deferred Tax Liabilities (Net)	47.81	12.95
Other Non-Financial Liabilities	6.63	7.26
EQUITY
Equity Share Capital	732.00	732.00
Other Equity	1,848.39	1,615.80
Total Liabilities and Equity	2,636.26	2,418.00

Chitrakut Holdings Limited Profit & Loss Statement (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
Revenue from Operations
Interest Income	73.13	64.41
Dividend Income	1.65	1.29
Sale of products (including Excise Duty)	16.25	68.25
Total Revenue from Operations	91.02 23.80	133.96 10.20
Other Income	23.80	10.20
Total Income	114.82	144.15
EXPENSES
Finance Costs	0.23	3.15
Impairment on Financial Instruments	(83.85)	14.22
Purchase of stock-in-trade	1.05	1.09
Changes in Inventories of Finished Goods, Stock-In-Trade and Work-in- Progress	(44.24)	61.46
Employee Benefits Expense	18.07	7.80
Depreciation,Amortisation and Impairment	0.86	0.58
Other Expenses	27.78	13.08
Total Expenses	(80.10)	101.38
Profit/(Loss) before Tax	194.92	42.78
Current Tax	13.9	13
Income Tax For Earlier Year	-	0.46
Deferred Tax	12.39	0.35
Profit/(Loss) for the period from continuing opertions (VII - VIII)	168.63	28.97
Other comprehensive Income
Items that will not be reclassified to profit or loss	86.43	11.63
Income tax relating to items that will not be reclassified to profit or loss	-22.47	-3.02
Other comprehensive Income for the year, net of tax	63.96	8.61
Total comprehensive income for the year	232.58	37.58
Earnings per equity share
Basic	2.3	0.4
Diluted	2.3	0.4

Chitrakut Holdings Limited Cash Flow Statement (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
Cash Flow from Operating Activities
Net Profit Before Tax & Extraordinary Items	194.92 0.86	42.78 0.58
Adjustment for:
Depreciation & Amortization Expenses	0.86	0.58
Sundry Balances Written off	0.02	-
Profit on Sale Of Fixed Asset	-	(0.73)
Liabilities No Longer Required Written back	(0.20)	-
Loans written off	18.35	-
Interest on Financing	0.23	3.15
Impairment on Financial Instrument	(83.85)	14.22
Operating Profit before Working Capital Adjustment	130.33 2.26	60.00 (2.15)
Changes in Working Capital
(Increase)/Decrease in Trade Receivables	2.26	(2.15)
(Increase)/Decrease in Loans	772.02	(115.34)
(Increase)/Decrease in Other Financial Asset	(44.26)	61.46
(Increase)/Decrease in Current Tax Asset	(2.18)	3.88
(Increase)/Decrease in Other Non-Financial Assets	(744.31)	0.85
Increase/(Decrease) in Other Financial Liabilities	1.43	-
Increase/(Decrease) in Other Non-Financial Liabilities	(0.62)	6.41
Cash Generated from Operation	114.66	15.11
Less: Payment of Taxes	13.90	13.46
Net cash flow from operating activities	100.76	1.66
Cash Flow from Investing Activities
Purchase of Fixed Asset	(0.13)	0.72
Net cash realised from Investing Activities (B)	(0.13)	0.72
Cash Flow from Financing Activities
Increase/(Decrease) in Borrowings	(49.99)	10.78
Interest on Financing	(0.23)	(3.15)
Net cash realised from financing activities (C)	(50.22)	7.63
Net increase/(Decrease) in cash and cash equivalent	50.42	10.01
Opening Cash & Cash Equivalent	24.99	14.98
Closing Cash & Cash Equivalent	75.40	24.99
Closing cash & cash Equivalents
Cash at bank	61.11	9.75
Cheque in Hand	0.59	1.43
Cash in Hand	13.70	13.81
Total	75.40	24.99

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

Cash Flow from Operating Activities

In the fiscal year ending March 31, 2024, the net profit before tax and extraordinary items was Rs. 194.92 lakhs, compared to Rs. 42.78 lakhs in the previous year, indicating a substantial increase in profitability before adjustments. The statement includes various adjustments such as depreciation and amortization expenses (Rs. 0.86 lakhs for 2024 and Rs. 0.58 lakhs for 2023) and items like impairment on financial instruments, which shows a reversal in 2024 (Rs. -83.85 lakhs) as opposed to a positive adjustment of Rs. 14.22 lakhs in 2023.

Working capital adjustments play a significant role in operating cash flow, reflecting changes in items like trade receivables, loans, and other financial/non-financial assets. Notably, the large decrease in loans (Rs. 772.02 lakhs) in 2024 generated substantial cash, which contrasts with a slight increase in 2023. Similarly, other non-financial assets experienced a significant outflow in 2024 (Rs. -744.31 lakhs), representing an investment in non-cash assets.

Overall, net cash generated from operating activities was Rs. 100.76 lakhs in 2024, compared to a modest Rs. 1.66 lakhs in 2023. This improvement indicates a stronger operational cash position, largely due to favorable working capital adjustments.

Cash Flow from Investing Activities

The investing activities section shows minimal cash movement, with only the purchase of fixed assets being recorded, totaling Rs. -0.13 lakhs in 2024, as opposed to a small positive cash inflow (Rs. 0.72 lakhs) from the sale of assets in 2023. Consequently, net cash realized from investing activities was Rs. -0.13 lakhs in 2024, indicating negligible investment outflows for the year.

Cash Flow from Financing Activities

Financing activities reveal a net cash outflow primarily due to borrowings. In 2024, borrowings decreased by Rs. -49.99 lakhs, suggesting repayments or a reduction in financing needs compared to an inflow of Rs. 10.78 lakhs in 2023. Additionally, interest paid in 2024 was Rs. -0.23 lakhs, down from Rs. -3.15 lakhs in 2023. As a result, the net cash flow from financing activities was negative, with a cash outflow of Rs. -50.22 lakhs in 2024 compared to an inflow of Rs. 7.63 lakhs in 2023.

Net Increase in Cash and Cash Equivalents

The net change in cash and cash equivalents for 2024 was a positive Rs. 50.42 lakhs, a substantial increase over the previous year’s Rs. 10.01 lakhs. This improvement is mainly due to increased cash flow from operating activities and lower cash outflow from financing activities. The closing cash balance at the end of 2024 was Rs. 75.40 lakhs, up from Rs. 24.99 lakhs in 2023.

Chitrakut Holdings Latest Annual Report, Balance Sheet and Financials

Chitrakut Holdings Limited (CHITRAKUT) Return Comparision with Primex 40 Index

Chitrakut Holdings Limited Balance Sheet (Rs in Lakhs)

Chitrakut Holdings Limited Profit & Loss Statement (Rs in Lakhs)

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