J K Investo Trade India Limited Annual Report and Financials

JK Investo Trade India Limited Balance Sheet (Rs in Lakhs)

JK Investo Trade India Limited Profit & Loss Statement (Rs in Lakhs)

JK Investo Trade India Limited Cash Flow Statement (Rs in Lakhs)

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

Cash Flow from Operating Activities:

In the fiscal year 2023-24, the company reported a profit before tax and exceptional items of Rs. 211.69 lakhs, which is a decrease compared to Rs. 500.53 lakhs in the previous year. Adjustments for non-cash items include depreciation expense of Rs. 113.02 lakhs, a significant increase from Rs. 5.61 lakhs in 2022-23, reflecting either increased asset base or more aggressive depreciation policies. Interest income decreased marginally to Rs. -1.21 lakhs from Rs. -0.89 lakhs. The impairment loss allowances increased to Rs. 4.77 lakhs, while the loss on sale of fixed assets was Rs. 130.16 lakhs, suggesting disposal or write-downs of assets.

The operating profit before working capital changes was Rs. 447.39 lakhs, slightly lower than Rs. 485.89 lakhs in the previous year. Adjustments for changes in working capital included a decrease in trade and other receivables by Rs. 81.31 lakhs, which is a more significant reduction compared to the previous year 's decrease of Rs. 70.79 lakhs. Investments saw a notable decrease of Rs. 791.87 lakhs, a significant reversal from the previous year’s large decrease of Rs. 2450.04 lakhs, indicating improved investment liquidity. The increase in loans by Rs. 1000 lakhs in 2022-23 was not repeated in 2023-24. Other adjustments include a minor decrease in non-financial assets and trade payables, while provisions remained relatively stable. The direct tax payment of Rs. 140.8 lakhs was higher compared to Rs. 106.54 lakhs in the previous year.

Overall, the net cash used in operating activities was Rs. 966.57 lakhs, showing a positive turn from the previous year’s net cash outflow of Rs. 1225.8 lakhs.

Cash Flow from Investing Activities:

In investing activities, the company generated Rs. 1.21 lakhs in interest income, slightly up from Rs. 0.89 lakhs in 2022-23. The purchase of property, plant, and equipment amounted to Rs. 1061.21 lakhs, which is a significant increase from Rs. 226.86 lakhs in the prior year, indicating substantial investment in capital assets. The disposal of property, plant, and equipment generated Rs. 280.65 lakhs, though no similar transactions were reported in the previous year.

The net cash used in investing activities was Rs. 779.35 lakhs, an increase from the outflow of Rs. 225.97 lakhs in 2022-23, highlighting the higher capital expenditure and investment activities.

Net Increase in Cash and Cash Equivalents:

The net increase in cash and cash equivalents for the year was Rs. 187.22 lakhs, a notable improvement compared to the decrease of Rs. 1451.77 lakhs in 2022-23. This improvement reflects the positive cash flow from operating activities and a more controlled cash outflow in investing activities.

Ending Cash and Cash Equivalents:

The cash and cash equivalents at the beginning of the year were Rs. 447.39 lakhs. By the end of the year, the cash and cash equivalents increased to Rs. 553.83 lakhs. This increase indicates a better liquidity position and effective management of cash flows.