Trident Limited
STATEMENT OF AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2022
(INR In Million) | |||||||||||
Standalone | Consolidated | ||||||||||
Quarter Ended | Year Ended | Quarter Ended | Year Ended | ||||||||
Sr. | Particulars | March | December | March | March | March | March | December | March | March | March |
No | 31, 2022 | 31, 2021 | 31, 2021 | 31, 2022 | 31, 2021 | 31, 2022 | 31, 2021 | 31, 2021 | 31, 2022 | 31, 2021 | |
3 Months | 3 Months | 3 Months | 12 Months | 12 Months | 3 Months | 3 Months | 3 Months | 12 Months | 12 Months | ||
Audited (Refer | Unaudited | Audited (Refer | Audited | Audited | Audited (Refer | Unaudited | Audited (Refer | Audited | Audited | ||
Note 14 below) | Note 14 below) | Note 14 below) | Note 14 below) | ||||||||
Revenue from operations | |||||||||||
1 | Revenue from operations (Refer Note 5 & 6) | 18,471.4 | 19,576.6 | 13,499.9 | 69,191.8 | 45,192.9 | 18,698.5 | 19,800.1 | 13,449.5 | 69,976.6 | 45,306.2 |
2 | Other income | 59.3 | 34.6 | 26.3 | 223.4 | 160.2 | 59.4 | 36.4 | 22.0 | 225.7 | 160.8 |
3 | |||||||||||
Total Income (1+2) | 18,530.7 | 19,611.2 | 13,526.2 | 69,415.2 | 45,353.1 | 18,757.9 | 19,836.5 | 13,471.5 | 70,202.3 | 45,467.0 | |
4 | Expenses | ||||||||||
a) Cost of raw materials consumed | 10,075.3 | 9,420.7 | 5,884.1 | 33,689.4 | 20,020.4 | 10,075.3 | 9,412.5 | 5,884.1 | 33,681.2 | 20,018.0 | |
b) Purchase of stock-in-trade | - | 15.3 | 78.4 | 118.3 | 280.3 | 78.6 | 214.1 | 107.6 | 618.7 | 325.8 | |
c) Changes in inventories of finished goods, process waste, | (51.4) | 191.6 | 232.4 | (769.6) | (47.9) | (40.3) | 140.8 | 143.7 | (862.6) | (149.6) | |
work-in-progress and stock in trade | |||||||||||
d) Employee benefits expenses | 1,487.8 | 1,759.0 | 1,682.3 | 6,648.4 | 5,775.4 | 1,500.7 | 1,770.6 | 1,693.2 | 6,695.4 | 5,815.9 | |
e) Finance costs | 184.7 | 223.8 | 233.9 | 857.2 | 720.0 | 189.5 | 223.5 | 234.6 | 862.3 | 721.1 | |
f) Depreciation and amortisation expense | 809.6 | 775.2 | 879.9 | 3,326.1 | 3,364.6 | 810.0 | 775.8 | 881.2 | 3,328.0 | 3,368.5 | |
g) Forex (gain)/loss (Including MTM) | (112.5) | 2.8 | (84.6) | (225.3) | (53.6) | (112.5) | 2.8 | (84.6) | (224.9) | (53.4) | |
h) Other expenses | 3,796.5 | 4,158.4 | 3,351.7 | 14,853.9 | 11,108.6 | 3,820.0 | 4,198.7 | 3,333.4 | 14,945.7 | 11,123.7 | |
Total expenses | 16,190.0 | 16,546.8 | 12,258.1 | 58,498.4 | 41,167.7 | 16,321.3 | 16,738.8 | 12,193.2 | 59,043.8 | 41,170.0 | |
5 | Profit before exceptional item and tax (3-4) | 2,340.7 | 3,064.4 | 1,268.1 | 10,916.8 | 4,185.4 | 2,436.6 | 3,097.7 | 1,278.3 | 11,158.5 | 4,297.0 |
6 | Exceptional (income)/expense (Refer Note 6 & 7) | - | 252.0 | 304.3 | - | (266.1) | - | 261.7 | 304.3 | - | 318.5 |
7 | Profit before share of profit of associates and tax (5-6) | 2,340.7 | 2,812.4 | 963.8 | 10,916.8 | 4,451.5 | 2,436.6 | 2,836.0 | 974.0 | 11,158.5 | 3,978.5 |
8 | Share of Profit of associates | - | - | - | - | - | 6.0 | - | - | 6.0 | 5.9 |
9 | |||||||||||
Net Profit before taxes (7+8) | 2,340.7 | 2,812.4 | 963.8 | 10,916.8 | 4,451.5 | 2,442.6 | 2,836.0 | 974.0 | 11,164.5 | 3,984.4 | |
10 | Tax expenses | ||||||||||
-Current tax | 621.5 | 743.2 | 296.2 | 2,926.6 | 1,304.1 | 646.0 | 747.9 | 300.6 | 2,986.9 | 1,253.2 | |
-Deferred tax (credit) | (17.1) | (21.8) | (48.6) | (160.1) | (269.9) | (16.4) | (22.8) | (51.0) | (160.3) | (272.7) | |
-Current tax adjustments related to earlier years | (2.4) | - | (1.4) | (2.4) | (1.4) | (2.7) | - | (1.4) | (2.7) | (1.4) | |
-Deferred tax adjustments related to earlier years | 3.2 | - | (38.7) | 3.2 | (38.7) | 3.2 | - | (38.7) | 3.2 | (38.7) | |
11 | Net profit after tax (9-10) | 1,735.5 | 2,091.0 | 756.3 | 8,149.5 | 3,457.4 | 1,812.5 | 2,110.9 | 764.5 | 8,337.4 | 3,043.9 |
12 Other Comprehensive Income/(expense)
- Items that will not be reclassified to profit or loss
- Remeasurement gain of the defined benefit plan | 72.8 | - | 3.9 | 72.8 | 3.9 | 72.8 | - | 3.9 | 72.8 | 3.9 | |
- Gain on fair valuation of equity investments through | - | - | - | - | 348.0 | - | - | - | - | 348.0 | |
other comprehensive income | |||||||||||
- Income tax related to items that will not be reclassified | (18.3) | - | (1.0) | (18.3) | (40.8) | (18.3) | - | (1.0) | (18.3) | (40.8) | |
to profit or loss | |||||||||||
- Items that will be reclassified to profit or loss | - | - | |||||||||
- Net movement in effective portion of cash flow hedge | (149.8) | 81.8 | (3.1) | (119.9) | 640.3 | (149.8) | 81.8 | (3.1) | (119.9) | 640.3 | |
reserve | |||||||||||
- Exchange differences in translating the financial | - | - | - | - | - | (0.1) | (0.1) | 0.1 | (0.2) | 0.7 | |
statements of a foreign operation | |||||||||||
- Income tax related to items that may be reclassified to | 37.7 | (20.6) | 0.8 | 30.2 | (161.1) | 37.7 | (20.6) | 0.8 | 30.2 | (161.1) | |
profit or loss | |||||||||||
Other Comprehensive Income/(expenses), net of taxes | (57.6) | 61.2 | 0.6 | (35.2) | 790.3 | (57.7) | 61.1 | 0.7 | (35.4) | 791.0 | |
13 | Total Comprehensive income (11+12) | 1,677.9 | 2,152.2 | 756.9 | 8,114.3 | 4,247.7 | 1,754.8 | 2,172.0 | 765.2 | 8,302.0 | 3,834.9 |
14 Paid-up equity share capital (Face value of INR 1/- each) | 5,096.0 | 5,096.0 | 5,096.0 | 5,096.0 | 5,096.0 | 5,096.0 | 5,096.0 | 5,096.0 | 5,096.0 | 5,096.0 | |
15 Other equity as per balance sheet | 32,876.2 | 28,069.5 | 33,350.8 | 28,187.2 | |||||||
16 | Earnings per share (EPS) face value (of INR 1/- each) (not | ||||||||||
annualised) (Refer note 9) | |||||||||||
- Basic (INR) | 0.35 | 0.42 | 0.15 | 1.63 | 0.68 | 0.37 | 0.42 | 0.15 | 1.67 | 0.61 | |
- Diluted (INR) | 0.35 | 0.42 | 0.15 | 1.63 | 0.68 | 0.37 | 0.42 | 0.15 | 1.67 | 0.61 | |
See accompanying note to the Financial results
Trident Limited
* Reduced by effective number of own shares at par value held through an associate company for consolidated financial results for quarter and half year ended September 30, 2020.
SEGMENT WISE REVENUE, RESULTS, SEGMENT ASSETS AND SEGMENT LIABILITIES
(INR In Million) | ||||||||||
Standalone | Consolidated | |||||||||
Quarter Ended | Year Ended | Quarter Ended | Year ended | |||||||
Sr. Particulars | March | December | March | March | March | March | December | March | March | March |
No. | 31, 2022 | 31, 2021 | 31, 2021 | 31, 2022 | 31, 2021 | 31, 2022 | 31, 2021 | 31, 2021 | 31, 2022 | 31, 2021 |
3 Months | 3 Months | 3 Months | 12 Months | 12 Months | 3 Months | 3 Months | 3 Months | 12 Months | 12 Months | |
Audited (Refer | Unaudited | Audited (Refer | Audited | Audited | Audited (Refer | Unaudited | Audited (Refer | Audited | Audited | |
Note 14 below) | Note 14 below) | Note 14 below) | Note 14 below) | |||||||
- Segment Revenue
a) Textiles (Refer Note 5 & 6) | 15,698.5 | 17,059.3 | 11,318.6 | 59,394.6 | 38,160.9 | 15,925.6 | 17,282.8 | 11,268.2 | 60,179.4 | 38,274.2 | ||
b) Paper & chemicals | 2,774.4 | 2,519.5 | 2,184.3 | 9,803.7 | 7,040.7 | 2,774.4 | 2,519.5 | 2,184.3 | 9,803.7 | 7,040.7 | ||
Total | 18,472.9 | 19,578.8 | 13,502.9 | 69,198.3 | 45,201.6 | 18,700.0 | 19,802.3 | 13,452.6 | 69,983.1 | 45,314.9 | ||
Less: Inter segment revenue | 1.5 | 2.2 | 3.0 | 6.5 | 8.7 | 1.5 | 2.2 | 3.0 | 6.5 | 8.7 | ||
Revenue from operations | 18,471.4 | 19,576.6 | 13,499.9 | 69,191.8 | 45,192.9 | 18,698.5 | 19,800.1 | 13,449.5 | 69,976.6 | 45,306.2 | ||
2 | Segment results | |||||||||||
Profit before tax, finance costs, other unallocable | ||||||||||||
expenditure net off unallocable income and share of | ||||||||||||
profit of associates from each segment | ||||||||||||
a) Textiles | 2,436.6 | 2,870.7 | 1,199.1 | 10,943.7 | 3,924.6 | 2,537.1 | 2,892.2 | 1,209.8 | 11,188.2 | 4,036.8 | ||
b) Paper & chemicals | 594.4 | 580.7 | 607.6 | 2,380.1 | 1,823.0 | 594.4 | 580.7 | 607.6 | 2,380.1 | 1,823.0 | ||
Total | 3,031.0 | 3,451.4 | 1,806.8 | 13,323.8 | 5,747.6 | 3,131.5 | 3,472.9 | 1,817.5 | 13,568.3 | 5,859.8 | ||
Less: | ||||||||||||
a) Finance costs | 184.7 | 223.8 | 233.9 | 857.2 | 720.0 | 189.5 | 223.5 | 234.6 | 862.3 | 721.1 | ||
b) Other un-allocable expenditure net off un-allocable | 505.6 | 415.2 | 304.8 | 1,549.8 | 842.2 | 505.4 | 413.4 | 304.6 | 1,547.5 | 841.7 | ||
income | ||||||||||||
c) Exceptional (income)/expense (Refer Note 7) | - | - | 304.3 | - | (266.1) | - | - | 304.3 | - | 318.5 | ||
Profit before share of profit of associates and tax | 2,340.7 | 2,812.4 | 963.8 | 10,916.8 | 4,451.5 | 2,436.6 | 2,836.0 | 974.0 | 11,158.5 | 3,978.5 | ||
3 | Segment Assets | |||||||||||
a) Textiles | 51,572.2 | 52,637.8 | 48,176.8 | 51,572.2 | 48,176.8 | 52,005.3 | 53,010.3 | 48,376.7 | 52,005.3 | 48,376.7 | ||
b) Paper & chemicals | 6,395.0 | 6,038.7 | 5,377.7 | 6,395.0 | 5,377.7 | 6,395.0 | 6,038.7 | 5,377.7 | 6,395.0 | 5,377.7 | ||
c) Unallocated | 6,340.2 | 4,820.7 | 3,987.1 | 6,340.2 | 3,987.1 | 6,491.0 | 4,795.8 | 3,962.1 | 6,491.0 | 3,962.1 | ||
Total Assets | 64,307.4 | 63,497.2 | 57,541.6 | 64,307.4 | 57,541.6 | 64,891.3 | 63,844.8 | 57,716.5 | 64,891.3 | 57,716.5 | ||
4 | Segment Liabilities * | |||||||||||
a) Textiles | 5,251.4 | 5,919.9 | 4,123.0 | 5,251.4 | 4,123.0 | 5,347.0 | 6,040.2 | 4,176.8 | 5,347.0 | 4,176.8 | ||
b) Paper & chemicals | 1,336.3 | 1,202.4 | 916.4 | 1,336.3 | 916.4 | 1,336.3 | 1,202.4 | 916.4 | 1,336.3 | 916.4 | ||
c) Unallocated | 4,031.3 | 3,977.6 | 3,927.2 | 4,031.3 | 3,927.2 | 4,045.7 | 3,976.4 | 3,930.5 | 4,045.7 | 3,930.5 | ||
Total Liabilities | 10,619.0 | 11,099.9 | 8,966.6 | 10,619.0 | 8,966.6 | 10,729.0 | 11,219.0 | 9,023.7 | 10,729.0 | 9,023.7 | ||
* Excluding borrowings and Interest accrued but not due on borrowings | - | 0.0 | 0.0 | 0.0 |
Trident Limited
STATEMENT OF ASSETS AND LIABILITIES
Sr. Particulars
No.
- ASSETS
Non-current assets
- Property, plant & equipment (PPE)
- Capital work in progress
- Intangible assets
- Right of use asset
- Intangible assets under development
- Investment in associate
- Financial Assets
- Investments
- Other financial assets
- Non current tax assets (Net)
- Other non current assets
Total non-current assets
Current assets
- Inventories
- Financial Assets
- Trade receivables
- Cash and cash equivalents
- Other bank balances
- Other financial assets
- Other current assets
Total current assets
TOTAL ASSETS
- EQUITY AND LIABILITIES Equity
- Equity Share capital
- Other equity (Refer Note 9)
Equity attributable to shareholders of the Company
Total Equity
Liabilities
Non-current liabilities
- Financial Liabilities
- Borrowings
- Lease liabilities
- Other financial liabilities
- Deferred tax liabilities (Net) Total non-current labilities
Current liabilities
- Financial Liabilities
- Borrowings
- Lease liabilities
- Trade payables
-Total Outstanding dues of micro Enterprise and Small enterprises
-Total Outstanding dues other than micro enterprise and small enterprises
- Other financial liabilities
- Provisions
- Other current liabilities
-
Current tax liabilities (Net) Total current liabilities
TOTAL LIABILITIES
TOTAL EQUITY AND LIABILITIES
(INR In Million) | |||
As at | As at | As at | As at |
March | March | March | March |
31, 2022 | 31, 2021 | 31, 2022 | 31, 2021 |
Audited | Audited | Audited | Audited |
36,201.6 | 36,978.9 | 36,204.6 | 36,982.6 |
824.1 | 571.3 | 824.1 | 571.3 |
353.9 | 386.9 | 354.4 | 387.4 |
564.6 | 532.8 | 567.6 | 536.6 |
9.9 | 71.6 | 9.9 | 71.6 |
- | - | 7.1 | - |
37.1 | 39.0 | 11.0 | 14.0 |
451.2 | 507.2 | 453.1 | 509.2 |
141.0 | 137.6 | 141.0 | 137.6 |
828.6 | 184.7 | 829.5 | 185.5 |
39,412.0 | 39,410.0 | 39,402.3 | 39,395.8 |
12,903.9 | 10,082.8 | 13,143.8 | 10,229.8 |
5,285.3 | 4,545.1 | 5,252.6 | 4,486.5 |
2,519.8 | 984.1 | 2,710.5 | 986.6 |
214.1 | 139.1 | 214.1 | 199.4 |
1,106.0 | 991.8 | 1,134.9 | 994.2 |
2,866.3 | 1,388.7 | 3,033.1 | 1,424.2 |
24,895.4 | 18,131.6 | 25,489.0 | 18,320.7 |
64,307.4 | 57,541.6 | 64,891.3 | 57,716.5 |
5,096.0 | 5,096.0 | 5,096.0 | 5,096.0 |
32,876.2 | 28,069.5 | 33,350.8 | 28,187.2 |
37,972.2 | 33,165.5 | 38,446.8 | 33,283.2 |
37,972.2 | 33,165.5 | 38,446.8 | 33,283.2 |
3,096.6 | 2,550.9 | 3,096.6 | 2,550.9 |
238.0 | 251.4 | 240.1 | 254.3 |
40.3 | - | 40.3 | - |
3,038.7 | 3,207.5 | 3,034.4 | 3,203.4 |
6,413.6 | 6,009.8 | 6,411.4 | 6,008.6 |
12,609.6 | 12,804.2 | 12,609.6 | 12,804.2 |
19.6 | 12.2 | 20.7 | 13.1 |
694.9 | 115.7 | 694.9 | 115.7 |
3,851.0 | 2,841.4 | 3,910.8 | 2,869.6 |
1,506.8 | 1,752.7 | 1,508.7 | 1,758.0 |
196.6 | 222.2 | 196.8 | 222.5 |
783.5 | 618.0 | 817.9 | 637.8 |
259.6 | - | 273.7 | 3.8 |
19,921.6 | 18,366.3 | 20,033.1 | 18,424.7 |
26,335.2 | 24,376.1 | 26,444.5 | 24,433.3 |
64,307.4 | 57,541.6 | 64,891.3 | 57,716.5 |
Trident Limited
STANDALONE CASH FLOW STATEMENT FOR THE YEAR ENDED MARCH 31, 2022
(INR In Million) | |||||
Particulars | For the year ended | For the year ended | |||
March 31, 2022 | March 31, 2021 | ||||
A. | CASH FLOW FROM OPERATING ACTIVITIES | ||||
Profit before tax | 10,916.8 | 4,451.5 | |||
Adjustments for: | |||||
Depreciation and amortization expense | 3,326.1 | 3,364.6 | |||
Interest expense | 811.7 | 672.4 | |||
Interest income | (74.0) | (86.1) | |||
(Profit) on sale of non current/current investments | (1.5) | - | |||
Net (gain) arising on financial assets mandatorily measured at fair value through profit or loss | (0.7) | (0.3) | |||
Investment in associate recognised (written off in earlier years) | (1.1) | - | |||
Provision for doubtful debts and advances no longer required written back | - | (52.7) | |||
(Profit) on sale of investment in associate company disclosed as exceptional item | - | (570.4) | |||
Depreciation on reversal of excess capital subsidies disclosed as exceptional item | - | 51.7 | |||
Share based payment expense | 139.5 | - | |||
Reversal of excess interest subsidies and interest on reversal of excess interest and capital subsidies disclosed as | - | 252.6 | |||
exceptional item | |||||
Modification of lease liabilities | - | (11.8) | |||
Expected credit loss allowance on non current financial assets and trade receivables | 5.5 | 30.0 | |||
Unrealized foreign exchange loss | 10.0 | 33.5 | |||
(Profit)/loss on disposal of property, plant and equipment (net) | (35.7) | 4,179.8 | 30.2 | 3,713.8 | |
Operating profit before working capital changes | 15,096.6 | 8,165.3 | |||
Changes in working capital: | |||||
Adjustments for (increase)/decrease in operating assets: | |||||
Inventories | (2,821.1) | (963.0) | |||
Trade receivables | (737.5) | (1,758.9) | |||
Other current financial assets | (118.4) | (59.9) | |||
Other non current financial assets | 56.0 | (119.4) | |||
Other current assets | (1,404.8) | (275.9) | |||
Other non current assets | (0.2) | 10.9 | |||
Adjustments for increase/(decrease) in operating liabilities: | |||||
Trade payables | 1,574.6 | 951.5 | |||
Other current financial liabilities | (23.9) | 333.7 | |||
Other current liabilities | 150.1 | 119.9 | |||
Current provisions | (25.6) | (3,350.8) | 9.1 | (1,752.0) | |
Cash generated from operations | 11,745.8 | 6,413.3 | |||
Direct taxes paid (net) | (2,682.0) | (1,422.2) | |||
Net cash flow from operating activities (A) | 9,063.8 | 4,991.1 | |||
B. | CASH FLOW FROM INVESTING ACTIVITIES | ||||
Payment for property, plant and equipment, intangible assets and intangible asset under development | (3,616.1) | (3,334.4) | |||
Proceeds from sale of property, plant and equipment | 99.4 | 35.4 | |||
Purchase of current investments | (70.0) | - | |||
Proceeds from sale of current investments | 70.1 | - | |||
Proceeds from disposal of investment in an associate company | - | 1,120.4 | |||
Proceeds from sale of non current investments | 5.1 | 550.0 | |||
Interest received | 71.1 | 88.9 | |||
Bank balances not considered as cash and cash equivalents | |||||
- Placed | (61.6) | (500.0) | |||
- Matured | 7.3 | 549.9 | |||
Net cash (used) in investing activities (B) | (3,494.7) | (1,489.8) | |||
C. | CASH FLOW FROM FINANCING ACTIVITIES | ||||
Amount received by Trident Limited Employee Welfare Trust against issuance of treasury shares | - | (751.0) | |||
Amount received by Trident Limited Employee Welfare Trust from employees against issuance of stock options | 164.7 | - | |||
Proceeds from issue of Non-Convertible Debentures | - | 1,247.0 | |||
Repayments of Non-Convertible Debentures | (312.5) | - | |||
Proceeds from non current borrowings | 959.4 | 1,607.9 | |||
Repayment of non current borrowings | (89.0) | (10,355.6) | |||
Net Increase/(decrease) in working capital borrowings payable on demand/having maturities of less than three | 8,513.2 | (2,922.7) | |||
months | |||||
Proceeds of short term borrowings having a maturity of more than three months | - | 6,250.0 | |||
Repayment of short term borrowings having a maturity of more than three months | (8,720.0) | - | |||
Interest paid | (922.5) | (716.4) | |||
Payment of principal portion of lease liabilities | (6.0) | (31.2) | |||
Payment of interest portion of lease liabilities | (22.9) | (28.4) | |||
Dividend paid on equity shares | (3,597.8) | - | |||
Net cash (used) in financing activities (C) | (4,033.4) | (5,700.5) | |||
Net (decrease)/increase in cash and cash equivalents (A+B+C) | 1,535.7 | (2,199.1) | |||
Cash and cash equivalents at the beginning of the year | 984.1 | 3,183.2 | |||
Cash and cash equivalents at the end of the year* | 2,519.8 | 984.1 | |||
* Comprises: | |||||
Cash on hand | 32.7 | 27.1 | |||
Balances with banks : | |||||
- In current accounts | 12.1 | 27.5 | |||
- In cash credit accounts | - | 928.0 | |||
- In other deposits accounts | |||||
(Original maturity of 3 months or less) | 2,475.0 | 1.5 | |||
2,519.8 | 984.1 |
Trident Limited
CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED MARCH 31, 2022
(INR In Million) | |||||
Particulars | For the year ended | For the year ended | |||
March 31, 2022 | March 31, 2021 | ||||
A. | CASH FLOW FROM OPERATING ACTIVITIES | ||||
Profit before tax | 11,164.6 | 3,984.4 | |||
Adjustments for: | |||||
Depreciation and amortization expense | 3,328.0 | 3,368.5 | |||
Interest expense | 816.8 | 673.6 | |||
Interest income | (76.0) | (86.9) | |||
(Profit) on sale of non current/current investments | (1.5) | - | |||
Net (gain) arising on financial assets mandatorily measured at fair value through profit or loss | (0.7) | (0.3) | |||
Investment in associate recognised (written off in earlier year) | (1.1) | ||||
Provision for doubtful debts and advances no longer required written back | - | (52.7) | |||
Loss on sale of investment in associate company disclosed as exceptional item | - | 14.2 | |||
Depreciation on reversal of excess capital subsidies disclosed as exceptional item | - | 51.7 | |||
Share based payment expense | 139.5 | - | |||
Reversal of excess interest subsidies and interest on reversal of excess interest and capital subsidies | - | 252.6 | |||
disclosed as exceptional item | |||||
Modification of lease liabilities | - | (11.8) | |||
Expected credit loss allowance on non current financial assets and trade receivables | 5.5 | 30.0 | |||
Unrealized foreign exchange loss | 10.0 | 30.9 | |||
(Profit)/loss on disposal of property, plant and equipment (net) | (35.7) | 30.2 | |||
Share of (profit) of associate | (6.0) | 4,178.8 | (5.9) | 4,294.1 | |
Operating profit before working capital changes | 15,343.4 | 8,278.5 | |||
Changes in working capital: | |||||
Adjustments for (increase)/decrease in operating assets: | |||||
Inventories | (2,914.0) | (1,065.5) | |||
Trade receivables | (763.4) | (1,731.6) | |||
Other current financial assets | (144.9) | (58.6) | |||
Other non current financial assets | 56.1 | (119.7) | |||
Other current assets | (1,536.1) | (247.5) | |||
Other non current assets | (0.3) | 11.4 | |||
Adjustments for increase/(decrease) in operating liabilities: | |||||
Trade payables | 1,606.2 | 962.6 | |||
Other current financial liabilities | (27.2) | 330.6 | |||
Other current liabilities | 163.4 | 134.2 | |||
Current provisions | (25.7) | (3,585.9) | 9.2 | (1,774.9) | |
Cash generated from operations | 11,757.5 | 6,503.7 | |||
Direct taxes paid (net) | (2,731.7) | (1,454.4) | |||
Net cash flow from operating activities (A) | 9,025.8 | 5,049.3 | |||
B. | CASH FLOW FROM INVESTING ACTIVITIES | ||||
Payment for property, plant and equipment, intangible assets and intangible asset under development | (3,616.8) | (3,334.4) | |||
Proceeds from sale of property, plant and equipment | 99.4 | 35.4 | |||
Purchase of current investments | (70.0) | - | |||
Proceeds from sale of current investments | 70.1 | - | |||
Proceeds from disposal of investment in an associate company | - | 1,120.4 | |||
Proceeds from sale of non current investments | 5.1 | 550.0 | |||
Interest received | 73.1 | 89.7 | |||
Bank balances not considered as cash and cash equivalents | |||||
- Placed | - | (500.0) | |||
- Matured | 6.0 | 489.7 | |||
Net cash (used) in investing activities (B) | (3,433.1) | (1,549.2) | |||
C. | CASH FLOW FROM FINANCING ACTIVITIES | ||||
Acquisition of treasury shares by Trident Limited Employee Welfare Trust | - | (751.0) | |||
Amount received by Trident Limited Employee Welfare Trust from employees against issuance of stock | 164.7 | - | |||
options | |||||
Proceeds from issue of Compulsorily Convertible Debentures by a subsidiary company | 169.1 | - | |||
Proceeds from issue of Non-Convertible Debentures | - | 1,247.0 | |||
Repayments of Non-Convertible Debentures | (312.5) | - | |||
Proceeds from non current borrowings | 959.4 | 1,607.9 | |||
Repayment of non current borrowings | (89.0) | (10,355.6) | |||
Net (decrease) in working capital borrowings payable on demand/having maturities of less than three | 8,513.2 | (2,922.7) | |||
months | |||||
Repayment of short term borrowings having a maturity of more than three months | (8,720.0) | - | |||
Proceeds of short term borrowings having a maturity of more than three months | - | 6,250.0 | |||
Interest paid | (926.0) | (717.4) | |||
Payment of principal portion of lease liabilities | (6.6) | (31.6) | |||
Payment of interest portion of lease liabilities | (23.3) | (28.6) | |||
Dividend paid on equity shares | (3,597.8) | - | |||
Net cash (used) in financing activities (C) | (3,868.8) | (5,702.1) | |||
Net (decrease)/increase in cash and cash equivalents (A+B+C) | 1,723.9 | (2,201.9) | |||
Cash and cash equivalents at the beginning of the year | 986.6 | 3,188.5 | |||
Cash and cash equivalents at the end of the year* | 2,710.5 | 986.6 | |||
* Comprises: | |||||
Cash on hand | 40.3 | 27.2 | |||
Balances with banks : | |||||
- In current accounts | 14.5 | 29.9 | |||
- Remittances in Transit | 10.8 | ||||
- In cash credit accounts | - | 928.0 | |||
- In other deposits accounts | |||||
(Original maturity of 3 months or less) | 2,644.9 | 1.5 | |||
2,710.5 | 986.6 |
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Trident Limited published this content on 30 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 May 2022 14:48:10 UTC.