Hot Deals:
ador powertron 500.00 (4,900.00 %) amol minechem 601.00 (0.17 %) anglo french drugs 950.00 (2.15 %) anugraha valve 525.00 (2.94 %) apl metals 40.00 (-2.44 %) apollo fashion 111.00 (0.91 %) arkfin investments 50.00 arohan 255.00 (2.00 %) assam carbon 315.00 (1.61 %) avalokiteshvar 242.00 (0.83 %) axles india 660.00 (1.54 %) balmer lawrie 200.00 (-0.99 %) bharat hotels 380.00 (1.33 %) bima mandi 235.00 (-2.08 %) bira 550.00 (-0.90 %) blsx limited 32.00 (3.23 %) boat 1,380.00 (-1.43 %) c & s electric 950.00 (5.56 %) cable corporation 13.00 (-0.76 %) capgemini 12,900.00 (0.78 %) care health 183.00 (-1.08 %) carrier aircon 545.00 (0.93 %) cial 440.00 (-1.12 %) csk 205.00 (-2.38 %) dalmia refract 260.00 (-1.89 %) dfm foods 467.00 dsp merrill lynch 1,000.00 east india pharma 39.00 (-2.50 %) eaton fluid 445.00 (1.14 %) electronica plastic 4,200.00 (2.44 %) elgi ultra 400.00 elofic industries 2,475.00 (-1.00 %) esl steel 46.00 (1.10 %) fincare business 87.00 (1.16 %) fincare sfbl 205.00 (1.49 %) finopaytech limited 139.00 (-0.71 %) flipkart india 231,001.00 (0.00 %) frick india 27,000.00 (1.89 %) gkn driveline 1,515.00 (1.00 %) godavari bio 71.00 (1.43 %) goodluck defence 310.00 (3.33 %) group pharma 300.00 gynofem healthcare 59.00 (-1.67 %) hazira cargo terminals limited 205.00 (1.49 %) hdb financial 1,240.00 (1.64 %) hdfc ergo 370.00 (1.70 %) hdfc securities 11,300.00 (-2.59 %) hella india 925.00 (1.65 %) hero fincorp 1,940.00 (-0.51 %) hexaware 1,010.00 (3.06 %) hicks 1,575.00 (1.61 %) hira ferro 195.00 (2.09 %) honeywell electrical 6,400.00 (1.59 %) ikf finance 312.00 (0.65 %) incred financial 10.00 (1.01 %) incred holdings 155.00 (-0.64 %) india carbon 1,120.00 (-1.32 %) india exposition 121.00 (0.83 %) indian potash 3,150.00 (-1.56 %) indian seamless 195.00 (2.63 %) indo alusys 25.75 (-0.96 %) indofil 1,350.00 (2.27 %) infinite computer 405.00 (1.25 %) inkel 23.00 (-4.17 %) jana small finance bank 75.00 kel 600.00 (-1.64 %) kial 145.00 (-0.68 %) klm axiva 15.10 (0.67 %) kurlon limited 1,275.00 (1.59 %) lava 45.00 (-2.17 %) mahindra rural mrhfl 100.00 manipal housing 74.00 (2.07 %) manjushree technopack 950.00 (2.70 %) martin & harris 880.00 (-3.30 %) matrix gas 875.00 (-1.69 %) merino 3,300.00 (-0.75 %) minosha 282.00 (0.71 %) mitsubishi heavy 207.00 (-0.48 %) mkcl 415.00 (1.22 %) mobikwik 630.00 (1.61 %) mohan meakin 2,200.00 (-2.22 %) mohfl 13.75 (1.85 %) msei 1.12 (-2.61 %) msil 34.00 (3.03 %) nayara energy 645.00 (-0.77 %) nayara energy ncd 315.00 (3.28 %) ncdex 200.00 (-2.44 %) ncl buildtek 320.00 (3.23 %) ncl holdings 106.00 (0.95 %) northern arc 400.00 nsdl 850.00 (3.03 %) nse india 6,100.00 (0.83 %) onix renewable 9,950.00 (-0.50 %) orbis financial 380.00 (1.33 %) oswal minerals 60.10 (-1.48 %) otis elevator 3,800.00 (2.70 %) oyo rooms 48.00 (-2.04 %) panasonic appliances 262.00 (0.77 %) paymate india 520.00 (-0.95 %) pharmeasy 8.50 (3.03 %) pharmed limited 610.00 (1.67 %) philips domestic 700.00 (-1.41 %) philips india 925.00 (2.78 %) pnb metlife 70.00 proyuga adtech 25.00 purity flexpack 20.00 ramaraju surgical 255.00 (2.00 %) rapido 16,650.00 (0.03 %) rasoi 31,500.00 (0.32 %) reliance gic 520.00 (-0.95 %) resins plastics 475.00 (3.26 %) ring plus aqua 530.00 (0.95 %) rrl 1,275.00 (2.00 %) rrp s4e innovation 345.00 (-1.43 %) sab miller 515.00 (0.98 %) sbi amc 2,375.00 (-1.04 %) sbi general insurance 621.00 (0.16 %) scottish assam 505.00 (1.00 %) shriram life 261.00 (0.38 %) sigachi laboratories 36.00 (-2.70 %) signify 1,350.00 (3.05 %) smile microfinance 51.00 (-1.92 %) sterlite power 775.00 (1.97 %) studds 980.00 (3.16 %) svsml 315.00 (2.94 %) swiggy limited 490.00 (2.08 %) t stanes 790.00 (-2.47 %) tata capital 900.00 (2.86 %) teesta agro 77.00 (-6.21 %) trl krosaki 1,700.00 (-0.58 %) urban tots 64.00 (-1.54 %) utkarsh coreinvest 300.00 (-1.64 %) vikram solar 315.00 (1.61 %) vivriti capital 1,100.00 (-2.22 %) waree energies 2,450.00 (2.08 %)
×

Sterlite Power Annual Reports, Balance Sheet and Financials

Sterlite Power Transmission Limited (Sterlite Power) Return Comparision with Primex 40 Index

Periods 1 Week 1 Month 3 Months 6 Months 1 Year 3 Years All Time
Primex-40
Sterlite Power Transmission Limited

STERLITE POWER TRANSMISSION Limited Balance Sheet (In Rs. Millions)

PARTICULARS

31st March 2023

31st March 2022

Assets

 

 

Non-Current Assets

 

 

Property, plant and equipment

3,445.22

3,330.52

Capital work-in-progress

2,860.58

230.77

Intangible assets

418.91

362.4

Intangible assets under development

-

0.07

Right-of-use assets

476.98

615.68

Investment in associates and joint ventures

100.82

251.79

Financial assets

 

 

Investments

8,118.56

5,955.98

Trade receivables

-

-

Other financial assets

1,412.00

926.4

Income tax assets (net)

611.73

887.52

Deferred tax assets (net)

-

175.77

Other non-current assets

43,524.79

18,431.30

Total non-current assets

60,969.59

31,168.20

Current assets

 

 

Inventories

6,597.04

2,207.18

Financial assets

 

 

Investments

805

-

Trade receivables

15,996.30

13,604.29

Cash and cash equivalents

11,576.15

11,475.58

Other bank balances

2,802.15

2,024.95

Loans

-

35.52

Other financial assets

1,827.97

1,999.97

Other current assets

9,788.56

5,537.53

Total Financial assets

49,393.17

36,885.02

Assets classified as held for sale

-

23,437.85

Total current assets

49,393.17

60,322.87

TOTAL ASSETS

1,10,362.76

91,491.07

EQUITY AND LIABILITIES

 

 

Equity

 

 

Equity share capital

244.72

122.36

Other equity

 

 

Securities premium

4,450.46

4,536.80

Retained earnings

11,321.15

8,638.98

Other reserves

-1,076.31

3,607.92

Equity attributable to equity holders of the parent

14,940.02

16,906.06

Non-controlling interest

152.76

81.53

Total equity

15,092.78

16,987.59

Liabilities

 

 

Non-current liabilities

 

 

Borrowings

35,543.51

15,629.13

Lease liabilities

366.04

454.74

Other financial liabilities

1,290.69

447.29

Employee benefit obligations

55.72

76.1

Deferred tax liabilities (net)

1,020.40

543.99

Other non-current liabilities

5,244.61

4,973.18

Total non-current liabilities

43,520.97

22,124.43

Current liabilities

 

 

Borrowings

10,570.96

5,578.08

Lease liabilities

101.04

124.62

Trade payables

 

 

total outstanding dues of micro enterprises and small enterprises

908.41

492.92

total outstanding dues of creditors other than micro enterprises and small enterprises

20,069.76

16,195.32

Other financial liabilities

7,040.29

3,057.36

Employee benefit obligations

77.64

106.66

Other current liabilities

12,150.67

5,798.02

Current tax liabilities (net)

830.24

351.86

Liabilities directly associated with assets classified as held for sale

-

20,674.21

Total current liabilities

51,749.01

52,379.05

Total liabilities

95,269.98

74,503.48

TOTAL EQUITY AND LIABILITIES

1,10,362.76

91,491


STERLITE POWER TRANSMISSION Limited Profit & Loss Statement (In Rs. Millions)

PARTICULARS

31st March 2023

31st March 2022

INCOME

 

 

Revenue from operations

62,970.68

51,974.83

Other income

1,550.61

7,970.70

Total income

64,521.29

59,945.53

EXPENSES

 

 

Cost of raw material and components consumed

17,383.57

12,003.35

Construction material and contract expense

27,264.53

27,388.71

Purchase of traded goods

676.87

579.31

(Increase)/Decrease in inventories of finished goods, work-in-progress and traded goods

-1,287.48

176.84

Employee benefits expense

2657.63

2,470.37

Other expenses

6,328.89

3,788.66

Total expenses

53,024.01

46,407.24

Earnings before interest, tax, depreciation and amortization (EBITDA)

11,497.28

13,538.29

Depreciation and amortization expense

1,058.04

803.56

Finance costs

7,255.02

4,256.76

Finance income

-1,288.56

-884.6

Profit before share of profit of associates and joint ventures and tax expense

4,472.78

9,362.57

Share of loss of associates and joint ventures

-2,168.87

-2,675.60

Exceptional item

-

117

Profit before tax

2,303.91

6,569.97

Tax expense:

 

 

Current tax

1,463.64

1,570.18

Deferred tax charge

1,196.92

743.27

Income tax for earlier years

-29.33

-144.9

Income tax expense

2,631.23

2,168.55

Profit/(loss) for the year

-327.32

4,401.40

Total comprehensive income for the year, net of tax

-2,069.97

9,619.57

Earnings per equity share

 

 

Basic earnings per share

-2.67

35.97

Diluted earnings per share

-2.67

35.97


 STERLITE POWER TRANSMISSION Limited Consolidated Cash Flow Statement (In Rs. Millions)

PARTICULARS

31st March 2023

31st March 2022

A. CASH FLOW FROM OPERATING ACTIVITIES

 

 

Net profit/(loss) as per consolidated statement of profit and loss

-327.32

4,401.42

Adjustment for taxation

2,631.23

2,168.55

Profit before tax

2,303.91

6,569.97

Non-cash adjustment to reconcile profit before tax to net cash flows

 

 

Depreciation and amortization expense

1,058.04

803.56

Provision for doubtful debts

-

103.59

Reversal of impairment allowance for trade receivables

-31.74

-

Loss on sale of property, plant and equipment (net)

5.48

4.48

Gain/(Loss) on sale of stake in subsidiary (loss of control)

-

-94.44

Indemnification expenses incurred under share purchase agreeement

59.56

77.13

Net profit on sale of investments in Indigoid Investment Managers Limited and in units of India Grid Trust

-

-297.5

Write down related to assets held for sale

-

-422.23

Share based payment expense

59.06

-

Impairment and expected loss on concession contract assets (including loss for onerous contracts)

898.66

-

Income on investment in India Grid Trust

-

-11.47

Share in loss of associates and joint ventures

2,168.87

2,675.60

Finance costs

7,255.02

4,256.76

Finance income

-1,288.56

-884.6

Net gain on sale of power transmission assets

-1,350.05

-7,031.95

Consideration received from India Grid Trust on sale of transmission assets in earlier years

-

-513.65

 

8,834.33

-1,334.72

Operating profit before working capital changes

11,138.24

5,235.25

Movements in working capital:

 

 

Increase in trade payables

4,134.39

6,599.79

Increase/(decrease) in employee benefits obligation

-53.24

5.46

Increase in other liabilities

6,550.15

1,675.43

Increase/(decrease) in other financial liabilities

-1977.89

746.02

Increase in trade receivables

-2,240.06

-4,539.86

(Increase)/decrease in inventories

-4,389.86

880.66

(Increase)/decrease in other financial assets

-25.06

1,227.29

Increase in other assets

-28,871.07

-13,327.14

Change in working capital

-26,872.64

-6,732.36

Cash used in operations

-15,734.39

-1,497.11

Direct taxes paid (net of refunds)

-689.25

-1,381.35

Net cash used in operating activities

-16,423.64

-2,878.46

B. CASH FLOW FROM INVESTING ACTIVITIES

 

 

Purchase of property, plant and equipment, including capital work-in-progress and capital advances

-1,992.34

-6,582.65

Proceeds from sale of property, plant and equipment

71.22

67.74

Sale of mutual funds

1,401.81

9.07

Purchase of mutual funds

-2,200.00

-

Consideration paid on acquisition of Sterlite Interlinks Limited

-13.36

-

Consideration paid on acquisition of Maharashtra Transmission Communication Infrastructure Limited

-100

-200

Proceeds from sale of power transmission assets

3,787.05

6,097.72

Proceeds from sale of units of India Grid Trust

-

283.72

Proceeds from sale of investment in Indi grid Investment Managers Limited

-

359.95

Investment in bank deposits (net)

-1,402.52

1,747.60

Income on investment in India Grid Trust

-

11.47

Payment for indemnification expenses as per share purchase agreement

-39.43

-225.16

Loans given

-624.9

-35

Loans repaid

4,000.42

302.02

Investment in shares of joint ventures

-162.02

-1,007.91

Investment in non-convertible debentures of joint ventures

-836.41

-2,453.00

Investment in compulsorily convertible debentures of joint ventures

-919.69

-99.13

Proceed from sale of non-convertible debentures of joint ventures

-

1,914.23

Finance income received

523.11

301.24

Net cash flow from investing activities

1492.94

491.91

C. CASH FLOW FROM FINANCING ACTIVITIES

 

 

Payment of dividend on equity shares

-

-317.97

Payment of dividend on redeemable preference shares

-13.21

-

Proceeds of long-term borrowings

22,404.63

16,788.29

Repayment of long-term borrowings

-1,189.77

-977.61

Proceeds/(repayment) of short-term borrowings (net)

225.21

-2,015.56

Repayment of lease liabilities

-149.21

-86.31

Finance costs paid

-5,633.23

-4,603.51

Net cash flow from financing activities

15644.42

8,787.33

Net increase in cash and cash equivalents

713.72

6,400.79

Cash and cash equivalents as at beginning of year

11,475.58

6,711.19

Cash and cash equivalents on dispoal/loss of control of subsidiaries in power transmission and infrastructure business

-

-657.76

Cash and cash equivalents on conversion of Sterlite Interlinks Limited from associate to subsidiary

21.3

-

Cash and cash equivalents on addition of subsidiary (refer note 49)

-

65.71

Decrease of cash and cash equivalents classifed under assets held for sale (refer note 12)

-638.33

-1,044.40

Adjustments on account of foreign currency translation

3.88

0.05

Cash and cash equivalents as at year end

11,576.15

11,475.58

Cash Flow Statement Analysis of Sterlite Power Transmission Limited for the FY 2022 and FY 2023:

 

A. Cash Flow from Operating Activities:

In 2023, the net profit as per the consolidated statement of profit and loss was a loss of -327.32, a significant decline from the profit of 4,401.42 in 2022. Adjustments for taxation amounted to 2,631.23 in 2023 and 2,168.55 in 2022. Operating profit before working capital changes was 11,138.24 in 2023, surpassing the 5,235.25 recorded in 2022. Movements in working capital witnessed a substantial decrease of -26,872.64 in 2023, compared to -6,732.36 in 2022. The cash used in operations increased to -15,734.39 in 2023 from -1,497.11 in 2022, primarily attributed to changes in working capital. Direct taxes paid (net of refunds) were -689.25 in 2023 and -1,381.35 in 2022. Consequently, the net cash used in operating activities increased to -16,423.64 in 2023 from -2,878.46 in 2022.

B. Cash Flow from Investing Activities:

The cash flow from investing activities in 2023 was 1,492.94, showing an increase from 491.91 in 2022. Noteworthy transactions include the purchase of property, plant, and equipment amounting to -1,992.34 in 2023, as opposed to -6,582.65 in 2022. Proceeds from the sale of power transmission assets saw a notable increase from 6,097.72 in 2022 to 3,787.05 in 2023. Investments in non-convertible debentures of joint ventures decreased to -836.41 in 2023 from -2,453.00 in 2022. The overall net cash flow from investing activities increased, reflecting a strategic approach to capital expenditure and divestment activities.

C. Cash Flow from Financing Activities:

The net cash flow from financing activities increased substantially from 8,787.33 in 2022 to 15,644.42 in 2023. This change is primarily attributed to an increase in the proceeds of long-term borrowings, rising from 16,788.29 in 2022 to 22,404.63 in 2023. Repayment of long-term borrowings increased slightly from -977.61 in 2022 to -1,189.77 in 2023. The company also witnessed a significant change in short-term borrowings, with net proceeds increasing from -2,015.56 in 2022 to 225.21 in 2023. Overall, the company demonstrated a robust financing strategy with a considerable increase in financing activities.

Overview:

In summary, the company experienced a notable shift in its financial performance from 2022 to 2023. The operating activities showed a substantial increase in the net cash used, largely influenced by changes in working capital. Investing activities witnessed a positive shift, with a strategic approach to capital expenditure and divestment. Financing activities demonstrated a robust increase in cash flow, primarily driven by an uptick in the proceeds of long-term borrowings. The overall cash and cash equivalents increased from 11,475.58 at the beginning of 2023 to 11,576.15 at the end of the year. The detailed analysis provides insights into the company 's financial decisions and their impact on cash flow during the specified periods.

 

Dividend history of Sterlite Power Transmission Limited (In Rs. Millions)

Particulars

2023

2022

Dividend (In Rs.)

1

-

Retained Earnings (In Rs. Millions)

11,321.15

8,638.98

Wealth Wisdom - WWIPL
Support Megha Support Neha

News Alert