Hinduja Leyland Finance Annual Reports, Balance Sheet and Financials

Hinduja Leyland Finance Consolidated Balance Sheet as at 31 March 2024 (INR in Lakh)

Hinduja Leyland Finance Consolidated Statement of Profit and Loss for the Year Ended 31 March 2024 (INR in Lakh)

Hinduja Leyland Finance Consolidated Statement of Cash Flow for the Year Ended 31 March 2024 (INR in Lakh)

Here is the summary of cash flow statement for the FY 2024 and 2023:

Cash Flow from Operating Activities

The cash flow from operating activities in the year ended 31 March 2024 shows a net cash outflow of INR 8,36,457 lakh, compared to an outflow of INR 6,17,391 lakh in the previous year. The net profit before tax, after accounting for the share of profit or loss of equity-accounted investee companies, stood at INR 84,139 lakh, up from INR 65,290 lakh in the previous year. Adjustments for non-cash items like depreciation, impairment loss, and provisions led to a significant impact on the operating cash flow, resulting in a negative cash flow from operations before working capital changes. The company saw a large increase in loans, leading to a reduction in cash flow, as well as an increase in other non-financial assets. Working capital changes further increased the cash outflow, while inflows from interest income and tax refunds helped offset some of the negative impact.

Cash Flow from Investing Activities

Investing activities led to a net cash outflow of INR 41,913 lakh in the year ended 31 March 2024, an improvement from INR 83,136 lakh in the previous year. The company made net investments in pass-through securities, mutual funds, and security receipts, along with investments in redeemable non-convertible debentures. There were partial inflows from the redemption of debentures and interest on fixed deposits. Outflows from the purchase of property, plant, and equipment, as well as intangible assets, contributed to the negative cash flow from investing activities. Despite these outflows, the overall cash flow from investing activities showed a positive trend compared to the previous year.

Cash Flow from Financing Activities

In financing activities, the company generated a net cash inflow of INR 10,64,770 lakh for the year ended 31 March 2024, compared to INR 7,24,010 lakh in the previous year. The inflows were mainly driven by long-term borrowings of INR 18,82,088 lakh, partly offset by repayment of borrowings of INR 9,54,143 lakh. Additionally, the company saw proceeds from working capital loans, cash credit, and commercial paper, contributing positively to the cash flow. The outflow from the payment of lease liabilities was relatively small. Overall, the financing activities provided a significant cash inflow, reflecting the company 's reliance on borrowing for its funding needs.

Net Increase in Cash and Cash Equivalents

The net increase in cash and cash equivalents for the year ended 31 March 2024 was INR 1,86,400 lakh, a substantial improvement from INR 23,483 lakh in the previous year. This increase was primarily driven by the positive cash flows from financing activities, along with inflows from interest income, which helped offset the outflows from operating and investing activities. As a result, the company 's cash and cash equivalents at the end of the year stood at INR 2,90,953 lakh, a significant rise from INR 1,04,553 lakh at the beginning of the year.

Dividend and Retained Earnings