Sital Leasing Annual Reports, Balance Sheet and Financials

SITAL LEASING AND FINANCE LIMITED CONSOLIDATED BALANCE SHEET (INR LAKHS)

SITAL LEASING AND FINANCE LIMITED CONSOLIDATED PROFIT AND LOSS STATEMENT (INR LAKHS)

SITAL LEASING AND FINANCE LIMITED CONSOLIDATED CASH FLOW STATEMENT (INR LAKHS)

Here is the summary of cash flow statement:

Cash Flows from Operating Activities
The company reported a profit before taxation of ₹80.081 lakhs for the year ended 31st March 2024, compared to ₹64.34 lakhs for the previous year. The adjustments for non-cash items include depreciation of ₹6.267 lakhs, which is lower than the ₹9.31 lakhs reported in the previous year, and a provision for income tax of ₹18.518 lakhs, which increased from ₹16.28 lakhs in the prior year. Deferred tax also increased to ₹3.616 lakhs from ₹1.94 lakhs.

The working capital changes show a decrease in trade and other receivables by ₹0.514 lakhs, which was an improvement compared to a decrease of ₹7.81 lakhs in the previous year. There was also a decrease in trade payables by ₹26.135 lakhs, compared to ₹25.14 lakhs in the prior year. Overall, the cash generated from operations was ₹26.135 lakhs, slightly up from ₹25.14 lakhs last year.

The company paid taxes amounting to ₹16.285 lakhs, which was lower than the ₹31.79 lakhs paid in the previous year. No dividends were paid during the year, resulting in a net cash inflow from operating activities of ₹65.548 lakhs, a significant increase compared to ₹27.15 lakhs in the previous year.

Cash Flows from Investing Activities
In the year ended 31st March 2024, there were no cash flows related to the purchase of property, plant, and equipment or the purchase/sale of shares, as indicated by a net cash outflow of ₹0.000 lakhs. This is consistent with the prior year, where no such transactions occurred.

Cash Flows from Financing Activities
The company used ₹67.079 lakhs in financing activities, primarily due to dividend payments, which were higher than the ₹20.98 lakhs paid in the previous year. No loans were advanced or repaid, and no further investments were made in associates. Consequently, the net cash used in financing activities was ₹67.079 lakhs, compared to ₹20.98 lakhs in the previous year.

Net Increase in Cash and Cash Equivalents
The net increase in cash and cash equivalents was a decrease of ₹1.532 lakhs during the year, in contrast to an increase of ₹6.17 lakhs in the previous year. Cash and cash equivalents at the beginning of the period were ₹7.035 lakhs, and at the end of the period, they stood at ₹5.503 lakhs, reflecting a net outflow from operating and financing activities.