RDC Concrete Annual Reports, Balance Sheet and Financials

Balance Sheet of RDC Concrete (India) Limited (Figures in ₹ Million)

Profit and Loss Statement of RDC Concrete (India) Limited (Figures in ₹ Million)

Cash Flow Statement of RDC Concrete (India) Limited (Figures in ₹ Million)

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

Cash Flow from Operating Activities
The cash flow from operating activities for the year ended 31st March 2024 is ₹1,581.10 million, a significant increase from ₹530.55 million in the previous year. This increase is primarily driven by a higher profit before tax of ₹545.74 million in 2024, compared to ₹436.80 million in 2023. Adjustments such as depreciation, amortization, and impairment expense, interest income, finance costs, and shared-based payments to employees added non-cash expenses to the operating profit. However, the increase in inventories and trade receivables, along with a decrease in other financial assets and current assets, led to a reduction in cash flow from working capital. The payment of direct taxes resulted in a cash outflow of ₹137.90 million for 2024, slightly lower than the ₹141.94 million in 2023.

Cash Flow from Investing Activities
Cash flow from investing activities resulted in a net outflow of ₹1,586.77 million in 2024, compared to ₹1,748.72 million in 2023. This was primarily due to the purchase of property, plant, and equipment, and intangible assets, which amounted to ₹1,600.14 million, a decrease from ₹1,731.54 million in 2023. Proceeds from the sale of property, plant, and equipment were ₹61.50 million in 2024, a notable increase from ₹6.54 million in the prior year. Fixed deposits held as security with banks also saw an outflow of ₹48.58 million, compared to ₹10.00 million in 2023.

Cash Flow from Financing Activities
The financing activities generated a positive cash flow of ₹418.57 million in 2024, which is lower than ₹514.79 million in 2023. This change is attributed to several factors, including the principal repayment of lease liabilities amounting to ₹174.50 million in 2024, compared to ₹12.30 million in 2023. The company also received ₹2,186.72 million from long-term borrowings, a higher amount than the ₹1,863.92 million received in 2023. However, the repayment of long-term borrowings increased to ₹2,142.00 million in 2024, up from ₹872.67 million in 2023, leading to a more substantial outflow. The finance cost paid also increased to ₹564.17 million, compared to ₹309.26 million in the previous year.

Net Increase/Decrease in Cash and Cash Equivalents
Overall, the company experienced a net increase of ₹418.88 million in cash and cash equivalents during the year, as compared to a net decrease of ₹333.27 million in 2023. This was primarily due to the positive cash flows from operating activities, despite the outflows from investing and financing activities.

Cash and Cash Equivalents at the Beginning and End of the Year
The cash and cash equivalents at the beginning of the year stood at ₹(206.15) million, while at the end of the year, they amounted to ₹212.73 million. This reflects the positive cash flow generated during the year, which helped the company improve its cash position significantly. The balances included cash on hand, bank accounts, deposits with a maturity of up to three months, and adjustments for bank overdrafts.