Vimla Fuels and Metals Annual Reports, Balance Sheet and Financials

Vimla Fuels & Metals Limited Balance Sheet (Rs in Lakhs)

Vimla Fuels & Metals Limited Profit & Loss Statement (Rs in Lakhs)

Vimla Fuels & Metals Limited Consolidated Cash Flow Statement (Rs in Lakhs)

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

Operating Activities

Profit Before Extraordinary Items and Tax:

Increased from 5,675.71 lakhs in 2022 to 5,817.88 lakhs in 2023, indicating stable operational performance.

Adjustments:

Finance Costs: Decreased from 281.50 lakhs to 255.79 lakhs, showing improved management of financing costs.

Depreciation and Amortization Expense: Increased significantly from 53.92 lakhs to 99.12 lakhs, likely due to higher capital investments.

Other Adjustments: Cash outflows shifted from -47.47 lakhs to -261.77 lakhs, reflecting changes in investing or financing cash flows.

Working Capital Adjustments:

Inventories: Increased outflow from -522.23 lakhs to -3,235.28 lakhs, possibly indicating overstocking or reduced sales.

Trade Receivables: Increased from -3,150.91 lakhs to -8,341.05 lakhs, suggesting longer collection periods or higher credit sales.

Other Current Assets: Slight decrease in outflow from -4,768.93 lakhs to -4,190.70 lakhs, showing some stability.

Trade Payables: A substantial increase in inflow from 1,714.83 lakhs to 14,434.47 lakhs, indicating better management of supplier payments.

Other Current Liabilities: Outflow shifted from 841.57 lakhs to -480.30 lakhs, indicating changes in short-term obligations.

Net Cash Flows from Operations:

Increased significantly from 77.99 lakhs to 4,098.16 lakhs, reflecting improved operational efficiency.

Income Taxes Paid:

Increased from 48.95 lakhs to 1,640.48 lakhs, which aligns with the rise in profits.

Net Cash Flows from Operating Activities:

Rose from 29.04 lakhs to 2,457.68 lakhs, indicating strong cash generation from core operations.

Investing Activities

Proceeds from Sales of Tangible Assets:

Recorded 113.59 lakhs in 2023, up from 0.00 lakhs in 2022, indicating some asset disposals.

Purchase of Tangible Assets:

Decreased significantly from -736.86 lakhs to -11.55 lakhs, suggesting a slowdown in capital expenditures.

Interest Received:

Increased from 47.47 lakhs to 261.77 lakhs, reflecting better returns on cash reserves.

Other Inflows (Outflows) of Cash:

A significant outflow of -1,391.51 lakhs in 2023, indicating major expenditures or investments not classified elsewhere.

Net Cash Flows from Investing Activities:

Overall, cash outflow rose from -689.39 lakhs to -1,027.70 lakhs, reflecting a net investment position despite lower capital spending.

Financing Activities

Proceeds from Borrowings:

No new borrowings in 2023, compared to 883.27 lakhs in 2022, indicating a shift in financing strategy.

Repayments of Borrowings:

New repayments of -369.52 lakhs in 2023 indicate efforts to reduce debt.

Interest Paid:

Slight decrease from -281.50 lakhs to -255.79 lakhs, consistent with reduced borrowings.

Net Cash Flows from Financing Activities:

Turned negative from 601.77 lakhs in 2022 to -625.31 lakhs in 2023, indicating cash outflows due to debt repayment activities.

Overall Cash Position

Net Increase (Decrease) in Cash and Cash Equivalents:

Improved from -58.58 lakhs in 2022 to 804.67 lakhs in 2023, showing a recovery in liquidity.

Cash and Cash Equivalents at End of Period:

The ending cash balance rose from 225.78 lakhs to 1,030.45 lakhs, indicating a stronger financial buffer going forward.