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IVRCL Limited Annual Report and Financials

Last Traded Price 2.00 + 0.00 %

IVRCL Limited (IVRCL) Return Comparision with Primex 40 Index

Periods 1 Week 1 Month 3 Months 6 Months 1 Year 3 Years All Time
Primex-40
IVRCL Limited

IVRCL Limited Balance Sheet (Rs in Lakhs)

Particulars

31-03-2024

31-03-2023

Non - Current Assets

 

 

 Property, Plant & Equipment 

7,309.91

8,056.76

Investment Properties

2,190.57

2,235.88

Investments

1,83,438.78

1,83,441.17

Trade receivables

18,389.62

20,942.58

Loans

7,958.49

7,528.07

Others

1,21,731.43

1,25,413.85

Deferred tax assets

96,743.13

96,899.49

Non-current tax assets

4,924.89

5,232.57

Other non current assets

15,231.27

15,231.27

Current Assets

 

 

 Inventories 

5,216.20

5,201.41

Trade Receivables 

63,155.26

63,063.63

Cash & Cash Equivalents 

3,935.90

3,448.46

Bank Balances other than above 

4,748.49

4,809.44

Loans

55,765.09

55,763.35

Others 

19,637.78

20,162.59

Other Current Assets 

34,917.81

34,998.24

Total Assets

6,45,294.62

6,52,428.76

Equity

 

 

 Equity Share Capital 

15,657.95

15,657.95

 Other Equity 

-15,05,825.06

-12,36,316.99

Non - Current Liabilities

 

 

Provisions 

339.76

339.15

Current Liabilities

 

 

Short term Borrowings 

11,67,767.14

10,44,257.81

Trade Payables 

 

 

Outstanding due of Micro/Small Enterprise 

44.95

78.90

Outstanding dues of other than Micro/Small enterprise 

1,33,453.66

1,32,762.94

Other Financial Liabilities 

7,66,891.82

6,28,358.50

Other current liabilities

53,534.01

53,821.11

Provisions

13,430.39

13,469.39

Total Equity & Liabilities

6,45,294.62

6,52,428.76

 

IVRCL Limited Profit & Loss Statement (Rs in Lakhs)

Particulars

31-03-2024

31-03-2023

Revenue from Operations

6,051.57

7,404.33

Other Income

2,017.94

1,409.79

Total Income

8,069.51

8,814.12

Expenses

 

 

Cost of contsruction materials consumed

126.52

114.43

Sub contracting expenses

4,119.15

5,681.78

Masonry, labour and other construction expense

3,957.62

1,243.18

Employee Benefit Expenses

2,575.50

2,995.61

Finance Costs

2,62,475.71

2,23,025.03

Depreciation & Amortization Expenses

792.22

1,319.15

Other Expenses

3,480.01

4,636.20

Total Expenses

2,77,526.73

2,39,015.38

Profit/Loss before Tax

-2,69,457.22

-2,30,201.26

Deferred Taax

150.29

150.29

Profit & Loss for the period from Continuing Operations

-2,69,607.51

-2,30,351.55

Other Comprehensive income

 

 

Remeasurement of the defined benefit plan

17.38

117.13

Income tax effect on baove

-6.07

-40.93

Total Comprehensive Income

-2,69,596.20

-2,30,275.35

Paid up equity share capital (face value of Rs. 2 each)

15,657.95

15,657.95

Earning Per Share

 

 

Basic and Diluted

-34.44

-29.41

 IVRCL Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Particulars

31-03-2024

31-03-2023

Cash Flow from Operating Activities

 

 

(Loss)/Profit before tax

-2,69,457.18

-2,30,201.10

Adjustments for:

 

 

Depreciation and Amortization expenses

792.20

1,319.10

Finance income on unwinding of financial assets

430.10

430.10

Provisions for doubtful debts, advances, UBR and deposits

2,485.20

3,182.10

Share profit on joint ventures

-16.40

0.50

Liabilities no longer required written back

-198.30

-

Interest Income

-160.20

-206.90

Finance Costs

2,62,475.70

2,23,025.00

Operating Profit before Working Capital Changes

-3,648.88

-2,451.20

Net Change in:

 

 

Increase/Decrease in Inventories

-14.80

-69.80

Increase/Decrease in Trade receivables

3,810.80

3,079.20

Increase/Decrease in Other non current assets

1.80

5.30

Increase/Decrease in other current assets

176.70

79.40

Increase/Decrease in Trade payables

693.40

-799.20

Increase/Decrease in Other financial liabilities

-108.60

10,373.73

Increase/Decrease in Other current liabilities and provisions

-357.20

-1,154.70

Net cash used in operations

553.22

9,062.73

Net Incone tax refunds/(paid)

-225.28

-110.40

Net cash generated from operating activities

327.94

8,952.33

Cash flows from investing activities

 

 

Capital expenditure on fixed assets

-

-5.86

Purchase/Subscription of long term investments

2.40

-2.40

Loans/advance given to subsidiaries of long term investments

-309.50

213.30

Net investment in bank fixed investments

69.10

-

Interest Received

397.50

44.20

Net cash used in investing activities

159.50

249.24

Cash flows from financing activities

 

 

Repayment of borrowings

-

-14,689.40

Net Cash Flow from financing activities

-

-14,689.40

Net Increase/Decrease in Cash & Cash equivalents

487.44

-5,487.83

Cash and Cash Equivalents at beginning of the year

3,448.46

8,936.29

Cash and Cash Equivalents as at end of the year

3,935.90

3,448.46

Reconciliation of cash and cash equivalents with the balance sheet

 

 

Cash and Cash Equivalents

3,935.90

3,448.46

Cash and Cash Equivalents as at end of the year

3,935.90

3,448.46

 

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

Cash Flow from Operating Activities

Net (Loss)/Profit before Tax: The company recorded a significant loss before tax of Rs. -2,69,457.18 lakhs in 2024, compared to Rs. -2,30,201.10 lakhs in 2023. This reduction in profitability indicates operational challenges or increased expenses.

Adjustments for Non-Cash and Non-Operating Items: Key adjustments include depreciation and amortization (Rs. 792.20 lakhs in 2024) and finance costs (Rs. 2,62,475.70 lakhs in 2024), reflecting substantial non-cash expenses. Additionally, provisions for doubtful debts and advances contributed significantly, suggesting heightened concern over asset recoverability.

Working Capital Changes: Changes in working capital positively contributed Rs. 553.22 lakhs in 2024. Key components include an increase in trade receivables and trade payables, while other current liabilities and financial liabilities declined, impacting the cash generated.

Net Cash from Operations: After tax adjustments, net cash from operations totaled Rs. 327.94 lakhs in 2024, a substantial drop from Rs. 8,952.33 lakhs in 2023.

Cash Flow from Investing Activities

Investments and Fixed Assets: There were minimal capital expenditures and minor movements in investments. Net proceeds include interest received (Rs. 397.50 lakhs) and bank fixed investments.

Net Cash Used in Investing Activities: A net cash inflow of Rs. 159.50 lakhs in 2024 was recorded, which shows more conservative investment compared to Rs. 249.24 lakhs in 2023.

Cash Flow from Financing Activities

Repayment of Borrowings: No significant borrowings or repayments were reported in 2024, following a high outflow of Rs. -14,689.40 lakhs in 2023.

Net Cash from Financing Activities: Due to the lack of financing activity, the net cash flow in this segment was nil in 2024. This follows a major cash outflow in 2023, reflecting a conservative approach in 2024.

Net Change in Cash & Cash Equivalents

The overall increase in cash and cash equivalents in 2024 amounted to Rs. 487.44 lakhs, contrasting with the decrease of Rs. -5,487.83 lakhs in 2023. The closing balance for cash and cash equivalents in 2024 was Rs. 3,935.90 lakhs.

IVRCL Annual Report

IVRCL Limited Annual Report 2023-24

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IVRCL Limited Annual Report 2022-2023

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IVRCL Limited Annual Report 2021-22

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