Ecom Express Annual Report and Financials

Particulars

31-03-2024

31-03-2023

Non-current assets

Property, plant and equipment

50,051.87

64,087.03

Right-of-use-assets

48,638.15

61,687.04

Other Intangible Assets

4,086.13

1,121.94

Intangible Assets under development

789.06

2,580.43

Other financial assets

3,654.06

3,917.22

Deferred tax assets (Net)

5,613.72

3,598.58

Income tax assets (Net)

5,248.84

6,209.27

Other non-current assets

168.65

173.20

Current assets

Trade receivables

27,330.80

25,898.24

Cash and cash equivalents

30,462.92

31,773.74

Other bank balances

13,682.30

16,716.23

Other financial assets

14,145.69

3,672.86

Income tax assets (Net)

-

3,024.66

Other current assets

3,069.10

5,893.76

Assets classified as held for sale

2,102.59

2,126.96

Total Assets

2,09,043.88

2,32,481.16

Equity

Equity share capital

253.52

253.52

Instruments entirely equity in nature

1.20

1.20

Other equity

26,531.03

48,487.14

Non controlling interest

-1,181.83

-1,037.46

Non-current liabilities

Borrowings

66,911.39

55,839.24

Lease liabilities

42,744.93

56,359.01

Provisions

2,993.31

2,916.83

Current liabilities

Borrowings

15,508.32

24,529.08

Lease liabilities

10,731.43

9,554.05

Trade Payables

total outstanding dues of micro and small enterprises

9,090.49

7,043.34

total outstanding dues of creditors other than micro and small enterprises

14,562.28

12,196.17

Other financial liabilities

13,858.48

10,990.13

Other current liabilities

2,918.21

2,227.52

Provisions

1,468.49

1,179.54

Liabilities directly associated with assets classified as held for sale

2,652.63

1,941.85

Total Equity and Liabilities

2,09,043.88

2,32,481.16

Particulars

31-03-2024

31-03-2023

Income

Revenue from operations

2,60,730.44

2,54,815.13

Other income

4,558.73

2,737.51

Total income

2,65,289.17

2,57,552.64

Cost of Service

1,38,990.32

1,38,674.50

Employee benefits expense

60,329.60

66,400.46

Finance costs

8,597.97

8,760.17

Depreciation and amortization expense

22,161.38

21,163.34

Net loss on fair valuation of financial liability carried at fair value

10,838.68

5,293.54

Other expenses

51,237.23

49,991.09

Total expenses

2,92,155.18

2,90,283.10

Loss before tax from continuing operations

-26,866.01

-32,730.46

Deferred tax

-2,015.15

3,254.60

Loss from continuing operations

-24,850.86

-35,985.06

Disontinued operations

Loss from discontinued operations before tax

-720.59

-7,555.86

Tax expense of discontinued operations

16.05

-727.46

Loss from discontinued operations

-736.64

-6,828.40

Loss for the Year

-25,587.50

42,813.46

Other comprehensive income

Items that will not be reclassified to profit or loss

Re-measurements loss on defined benefit plans

-131.75

-168.09

Income tax relating to item that will not be reclassified to profit or loss

-

-119.70

Remeasurement gain on the defined benefit plan of dicontinued operations

-

12.13

Items that will be reclassified subsequently to profit or loss

Exchange difference on translation of discontinued operations

1.49

-238.38

Other Comprehensive income/(loss)-net of tax

-130.26

-514.04

Total comprehensive income for the year

-25,717.76

43,327.50

Earnings per equity share (in INR)

Basic

-432.70

-717.29

Diluted

-432.70

-717.29

Particulars

31-03-2024

31-03-2023

Cash flows from operating activities

Loss before tax from continuing operations

-26,866.01

-32,730.46

Adjustments for:

Depreciation and amortisation expenses

22,161.38

21,163.34

Net loss on sale of property, plant and equipment

26.40

494.71

Net loss on fair valuation of financial liability carried at fair value

10,838.68

5,293.54

Interest income

-3,284.53

-2,284.80

Gain on modification/termination of leases contracts

-741.03

-113.44

Gain on Sale of Mutual Fund carried at fair value through profit & loss

-7.18

-58.38

Share based payment expense

3,617.28

2,130.85

Allowances for expected credit loss on financial profit or loss

160.20

23.18

Allowances/(reversal) for impaired recoverable on non-financial assets

-255.68

255.68

Bad debts written off

35.34

506.76

Interest costs

8,519.66

8,680.75

Operating profit before working capital changes

14,204.51

3,361.73

Movements in working capital

(Increase) in trade receivables

-1,628.10

9,653.06

(Increase) in other financial Assets

613.76

-2,411.18

(Increase) in other Current and non-current Assets

3,049.25

-2,801.66

Increase in trade payables

4,187.53

-2,598.10

Increase in other financial liabilities

4,750.08

-5,847.78

Increase in provisions

233.67

277.98

(Increase) in other Current and non-current liabilities

690.69

360.08

Cash generated by operations after working capital changes

26,101.39

-5.87

Income tax

4,633.04

-2,138.98

Net cash from operating activities from continued operations

30,734.43

-2,144.85

Net cash from operating activities from Discontinued operations

535.45

-3,110.74

Net cash from operating activities including discontinued operations

31,269.88

-5,255.59

Cash flows from investing activities

Purchase of property,plant,equipment & other intangible assets

-5,466.08

-34,963.99

Proceeds from disposal of property, plant and equipment & other intangible assets

6,053.92

33.21

Investment in subsidiary

-

-3,460.57

Investment In Mutual funds

-35,988.20

-2,70,874.45

Proceeds from mutual funds

35,995.38

2,70,932.83

Investments in fixed deposits

-42,781.40

-26,737.40

Proceeds from fixed deposits

34,873.94

44,421.20

Interest received

2,574.46

1,987.64

Net cash used in investing activities from continued operations

-4,737.98

-18,661.53

Net cash from investing activities from Discontinued operations

-84.59

313.06

Net cash used in investing activities including discontinued operations

-4,822.57

-18,348.47

Cash flows from financing activities

Proceeds from issue of equity Shares

-

4.54

Proceeds from issue of compulsorily convertible preference shares

12,060.44

32,938.34

Interest Paid

-3,308.69

-3,295.08

Interest received from net investment in finance lease

62.12

297.16

Repayment of interest portion of lease liabilities

-5,041.87

-5,220.33

Proceeds from non-current borrowings

-

9,456.59

Repayment of non-current borrowings

-13,347.72

-3,187.16

Proceeds from Current borrowings

-7,500.00

3,130.98

Repayment of principal portion of lease liabilities

-10,231.55

-8,757.58

Net cash used in financing activities from continued operations

-27,307.27

25,367.46

Net cash from financing activities from Discontinued operations

-379.09

2,948.31

Net cash used in financing activities including discontinued operations

-27,686.36

28,315.77

Net increase/(decrease) in cash and cash equivalents from continued operations

-1,310.82

4,561.08

Net increase/(decrease) in cash and cash equivalents from Discontinued operations

71.77

150.63

Net increase/(decrease) in cash and cash equivalents including Discontinued operations

-1,239.05

4,711.71

Cash and cash equivalents at the beginning of the year

31,773.74

27,212.66

Less: Transfer to assets held for sale

-71.77

-150.63

Cash and cash equivalents at the end of the year

30,462.92

31,773.74