KLM Axiva Annual Reports, Balance Sheet and Financials

KLM Axiva Finvest Limited Balance Sheet (Rs in Lakhs)

KLM Axiva Finvest Limited Profit & Loss Statement (Rs in Lakhs)

 KLM Axiva Finvest Limited Consolidated 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:

For the year ending March 31, 2024, the net profit before tax increased to ₹3,017.42 lakhs from ₹2,462.78 lakhs in the previous year. Despite this increase in profit, the adjustments for non-cash expenses like depreciation and amortization decreased to ₹892.73 lakhs from ₹1,094.76 lakhs, indicating reduced non-cash charges. However, finance costs increased to ₹15,476.76 lakhs (from ₹14,336.45 lakhs), significantly impacting the cash flow.

After these adjustments, the operating profit before working capital changes rose to ₹19,427.51 lakhs, showing a stronger base from which cash was generated. However, significant changes in working capital items heavily impacted the cash flow. The most notable change was the substantial increase in loans and advances (financial assets) by ₹26,062.85 lakhs in 2024 compared to ₹38,736.26 lakhs in 2023, which absorbed a significant amount of cash. Other adjustments included fluctuations in financial and non-financial assets and liabilities.

As a result, the cash generated from operations was negative at ₹-6,852.75 lakhs in 2024, although better than the previous year’s figure of ₹-18,884.08 lakhs. After deducting income taxes paid, the net cash flow from operating activities remained negative at ₹-7,109.80 lakhs in 2024, an improvement from the ₹-20,086.81 lakhs outflow in 2023.

Cash Flow from Investing Activities:

Cash used in investing activities saw a reduction in 2024. Capital expenditure decreased from ₹7,509.27 lakhs in 2023 to ₹2,893.51 lakhs in 2024, indicating a lower level of investment in fixed assets. However, the company’s bank balance not considered as cash and cash equivalents increased slightly, leading to a cash outflow of ₹1,331 lakhs.

Overall, the net cash outflow from investing activities was ₹-4,224.51 lakhs in 2024, a notable improvement compared to the significant outflow of ₹-8,586.22 lakhs in the previous year, reflecting more restrained investment activity.

Cash Flow from Financing Activities:

In financing activities, there were significant inflows and outflows. The issuance of equity shares in 2024 generated ₹1,867.28 lakhs (the same as in 2023), though there was no premium on equity shares this year, compared to ₹767.11 lakhs the previous year. There were also significant movements in debt financing. Notably, there was a large increase in proceeds from the issuance of subordinate debts, amounting to ₹26,870.30 lakhs in 2024, contrasting with a large repayment (₹-3,042.09 lakhs) in the prior year. However, there were also repayments on debentures (₹13,411.47 lakhs) and dividend payments of ₹560.30 lakhs, which partially offset the inflows.

As a result, the net cash generated from financing activities amounted to ₹5,636.21 lakhs in 2024, slightly lower than the ₹6,353.67 lakhs generated in 2023.

Net Cash Movement:

The net result of cash flows from operating, investing, and financing activities was a decrease in cash and cash equivalents of ₹5,698.10 lakhs in 2024, which is an improvement over the substantial decrease of ₹22,319.36 lakhs in 2023. The cash balance at the beginning of the year was ₹9,420.09 lakhs, and after the year 's activities, the cash and cash equivalents at the end of the year stood at ₹3,721.99 lakhs.