Matrix Gas & Renewables Annual Reports & Financials

Matrix gas and renewables Limited Standalone Balance Sheet ( in lakhs)

Matrix gas and renewables Limited Standalone Profit & Loss Statement ( in lakhs)

Matrix gas and renewables Limited Standalone Cash Flow Statement ( in lakhs)

Summary of the Cash Flow Statement for the years 2024 and 2023:

Cash Flow from Operating Activities

During FY 2023–24, the company reported a higher net profit before tax of ₹5,008.35 lakhs compared to ₹4,234.58 lakhs in FY 2022–23, indicating improved accounting profitability. However, despite this increase, net cash from operating activities turned negative at ₹(12,771.55) lakhs, compared to a positive ₹6,269.77 lakhs in the previous year.

The major reason for this sharp decline is significant working capital changes. Trade receivables increased substantially by ₹20,170.76 lakhs, indicating large credit sales or delayed collections, which severely impacted liquidity. Other current assets also increased by ₹3,105.42 lakhs and inventories rose by ₹232.73 lakhs. Although trade payables increased by ₹5,840.79 lakhs and other current liabilities rose by ₹1,031.61 lakhs (providing some liquidity support), these were insufficient to offset the heavy rise in receivables.

Thus, despite operational profitability, the company experienced cash strain due to aggressive working capital expansion, especially in receivables.

Cash Flow from Investing Activities

Net cash used in investing activities stood at ₹(924.19) lakhs in FY 2023–24 compared to ₹(5,180.46) lakhs in FY 2022–23, showing reduced investment outflow during the year.

The company made limited capital expenditure with purchase of tangible assets amounting to ₹49.51 lakhs. It earned higher interest income of ₹489.25 lakhs compared to ₹56.36 lakhs in the previous year. Other investing outflows reduced significantly from ₹5,229.04 lakhs to ₹1,363.93 lakhs.

Overall, investing activities reflect moderate capital spending and improved inflows, indicating a relatively conservative investment approach during the year.

Cash Flow from Financing Activities

Financing activities generated a strong positive cash flow of ₹34,593.22 lakhs in FY 2023–24, compared to ₹375.18 lakhs in FY 2022–23.

The company raised ₹1,143.85 lakhs through issuance of shares. Borrowings during the year amounted to ₹17,168.79 lakhs, while repayments were ₹17,633.87 lakhs, indicating partial debt rollover. A major inflow of ₹34,210.46 lakhs under other financing inflows significantly strengthened cash reserves. Interest payments remained stable at ₹296.01 lakhs.

The strong positive financing cash flow indicates that the company relied heavily on external funding to offset the negative operating cash flows and support liquidity.

Net Cash Position

Net increase in cash and cash equivalents was ₹20,897.48 lakhs during FY 2023–24, compared to ₹1,464.49 lakhs in FY 2022–23. Cash balance increased from ₹1,464.51 lakhs at the beginning of the year to ₹22,361.99 lakhs at year-end.

The sharp rise in closing cash balance is primarily driven by financing inflows rather than operational cash generation. While liquidity has improved significantly, the sustainability of cash flows depends on better management of receivables and working capital in future periods.