Silverline Technologies Annual Reports & Financials
Last Traded Price 7.20 + 0.00 %
Last Traded Price 7.20 + 0.00 %
| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Silverline Technologies Limited |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Non-Current Assets |
|
|
|
Properties,Plant & Equipment |
19,28,584 |
24,88,584 |
|
Capital work in progress |
58,29,71,915 |
47,64,81,915 |
|
Other Financial Assets |
2,43,28,500 |
2,43,28,500 |
|
Non-Current Tax Assets |
73,39,881 |
63,27,956 |
|
Other non-Current Assets |
10,28,195 |
20,40,120 |
|
Current Assets |
|
|
|
Trade Receivable |
4,71,20,000 |
3,02,79,000 |
|
Cash & Cash Equivalent |
5,68,629 |
7,59,834 |
|
Other Financial assets |
26,50,000 |
- |
|
Total Assets |
66,79,35,704 |
54,27,05,909 |
|
Equity |
|
|
|
Equity share Capital |
59,98,54,880 |
59,98,54,880 |
|
Capital Reserves - IPRs ' |
23,36,97,930 |
23,36,97,930 |
|
Retained Earnings |
-58,71,59,504 |
-58,72,74,299 |
|
Non Current Liabilities |
|
|
|
Borrowing |
35,66,02,879 |
25,07,24,879 |
|
Provision |
2,28,70,580 |
2,28,70,580 |
|
Deferred Tax Liabilities |
1,88,851 |
1,88,851 |
|
Current Liabilities |
|
|
|
Trade Payable-other than MSME |
1,74,19,576 |
64,34,576 |
|
Other Current Liabilities |
2,43,85,511 |
1,62,08,510 |
|
Provisions - short term |
75,000 |
- |
|
Total Equity & Liabilties |
66,79,35,703 |
54,27,05,907 |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Income |
|
|
|
Revenue from operation |
1,72,21,000 |
3,55,98,000 |
|
Total Income |
1,72,21,000 |
3,55,98,000 |
|
Expenses |
|
|
|
Software Development Expenses |
- |
53,19,000 |
|
Employee benefit expenses |
18,77,000 |
17,60,000 |
|
Financial Cost |
16,712 |
1,60,18,870 |
|
Depreciation and Amortisation |
5,60,000 |
5,60,000 |
|
Other Expenses |
1,45,77,492 |
91,45,291 |
|
Total Expenditure |
1,70,31,204 |
3,28,03,161 |
|
Profit/(loss) before Exceptional item |
1,89,795 |
27,94,839 |
|
Less : Exceptional Item |
- |
3,88,041 |
|
Profit before tax item |
1,89,795 |
31,82,880 |
|
Current Tax |
75,000 |
- |
|
Net Profit/(loss) after tax |
1,14,795 |
31,82,880 |
|
Profit/(Loss) from continue operation |
1,14,795 |
31,82,880 |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Cash flows from operating activities |
|
|
|
Net Profit (Loss) before Tax and before extraordinary item |
1,89,795 |
27,94,839 |
|
Adjustments for : |
|
|
|
Depreciation and Amortization |
5,60,000 |
5,60,000 |
|
Interest paid |
- |
1,60,18,870 |
|
Operating Profit before Working Capital changes |
7,49,795 |
1,93,73,709 |
|
Working capital changes |
|
|
|
(Increase)/ Decrease in Sundry Debtors |
-1,68,41,000 |
6,73,30,057 |
|
Increase /( Decrease) in Trade Payables & Other current liabilitie |
1,91,62,000 |
-2,71,58,795 |
|
Increase / (Decrease) in Provision |
75,000 |
- |
|
Cash from operating activities |
30,70,795 |
5,95,44,971 |
|
Less: Net Income tax provision |
75,000 |
- |
|
Net Cash Flow from Operating Activities |
30,70,795 |
59544971 |
|
Cash Flow from Investing Activities |
|
|
|
IPR Account |
-10,64,90,000 |
-20,02,66,635 |
|
Other Financial Assets |
- |
11,61,57,578 |
|
Investment Account Net |
- |
3,22,53,157 |
|
Net Cash Flow from Investing Activities |
-10,64,90,000 |
-5,18,55,900 |
|
Cash flows from financing activities |
|
|
|
Unsecured loan received |
-26,50,000 |
- |
|
Interest Paid |
- |
-1,60,18,870 |
|
Increase in Long Term Deposits |
10,58,78,000 |
87,75,420 |
|
Net cash (used in)/ surplus from financing activities |
10,32,28,000 |
-72,43,450 |
|
Net increase in Cash & Cash equivalents |
-1,91,204 |
4,45,621 |
|
Cash & Cash equivalents at the beginning of the year |
7,59,834 |
3,14,214 |
|
Cash & Cash equivalents at the end of the year |
5,68,630 |
7,59,835 |
Here is a summary of the Cash Flow Statement for the years 2024 and 2023:
Operating Activities: The company reported a net profit before tax and before extraordinary items of ₹1,89,795 in 2024, a substantial decrease from ₹27,94,839 in 2023. Despite the lower profit figure, depreciation and amortization remained steady at ₹5,60,000. Interest paid in 2024 is not recorded, contrasting with a significant amount of ₹1,60,18,870 in 2023. Operating profit before working capital changes dropped to ₹7,49,795 from ₹1,93,73,709, indicating reduced operational efficiency or profitability.
Working capital changes showed a significant decrease in sundry debtors by ₹1,68,41,000 compared to an increase of ₹6,73,30,057 in 2023, suggesting a slowdown in receivables collection. Conversely, trade payables and other current liabilities increased by ₹1,91,62,000, improving cash flow management compared to a decrease of ₹2,71,58,795 in 2023. Additionally, there was a modest increase in provisions amounting to ₹75,000. Overall, cash from operating activities decreased to ₹30,70,795 from ₹5,95,44,971. After accounting for a net income tax provision of ₹75,000, the net cash flow from operating activities stands at ₹30,70,795, reflecting a sharp decline in cash generation from core business operations.
Investing Activities: In investing activities, the company reported a substantial outflow of ₹10,64,90,000 in 2024, primarily due to investments in IPR accounts, compared to an even larger outflow of ₹20,02,66,635 in 2023. Other financial assets saw no transactions in 2024, but there was a significant inflow of ₹11,61,57,578 in 2023. The net investment account in 2024 shows no activity, while there was an outflow of ₹3,22,53,157 in 2023. Overall, the net cash flow from investing activities was a significant outflow of ₹10,64,90,000 in 2024 compared to an outflow of ₹5,18,55,900 in 2023, indicating heavy investment spending.
Financing Activities: The financing activities showed a net cash inflow of ₹10,32,28,000 in 2024, reversing the outflow of ₹72,43,450 in 2023. This inflow includes an unsecured loan received of ₹26,50,000 and an increase in long-term deposits of ₹10,58,78,000, which contrasts with a much smaller increase of ₹87,75,420 in 2023. There was no interest paid recorded in 2024, contrasting with ₹1,60,18,870 in 2023. This significant change indicates improved cash flow from financing activities, primarily driven by increased deposit inflows.
Overall Cash Position: The net increase in cash and cash equivalents for 2024 was a decrease of ₹1,91,204, compared to an increase of ₹4,45,621 in 2023. The ending cash balance at the end of 2024 is ₹5,68,630, down from ₹7,59,835 at the beginning of the year. This decline in cash reserves reflects the impact of higher investment outflows and changes in cash flows from operating and financing activities.
