Cash Flow

A. Cash From Operating Activities Year Ended 31-03-2017  Year Ended 31-03-2016 
  Net profit before tax  2,12,14,66,354 39,39,38,872
 Adjustments for :    
  Depreciation/ Obsolescence  29,94,18,262  30,76,46,002
  Loss on sale of fixed assets  (6,34,331)  8,18,113
  Finance cost  41,93,74,630 51,59,02,314
  Interest income  (2,31,935)  (2,09,757)
 Dividend income             - 
           
 
            (2,00,000)
Tax impact of remission of Cane Commission Liability 1,70,79,166 2,60,29,634
 Provision for wealth tax & Fringe benefit tax   -
    73,50,05,792 84,99,86,306
 
Operating profit before working capital changes
 2,85,64,72,146  1,24,39,25,178
  Adjustments for changes in Working capital:    
 (increase)/Decrease in inventories  (73,38,03,392) (45,48,93,729)
 
(increase)/Decrease in Trade Receivables
      9,90,73,455 (21,45,80,748)
 (increase)/Decrease in Other Receivables  (36,76,37,933)   21,93,85,870
 increase/(Decrease) in Trade Payables  (66,23,96,432) (58,40,93,606)
 
increase/(Decrease) in Other Payables
 37,33,29,049   15,78,33,300
   (1,29,14,35,254)  (87,63,48,913)
 
Cash generated from operations
 1,56,50,36,892 36,75,76,265
 
Direct taxes paid
 (1,44,93,905)  (1,96,145)
 
Net cash from operating activities
1,55,05,42,987 36,73,80,120
 B. CASH FLOW FROM INVESTING ACTIVITIES    
  Purchase of fixed assets (including capital advance) (5,48,02,504)    (13,23,58,096)
 Investment in shares of subsidiary company  2,19,000  -
   Interest received 2,31,935  2,09,757
 Dividend income      2,00,000
 
Sale of fixed assets
 44,58,471  17,00,044
 Net cash from investing activities  (4,98,93,098) (13,02,48,295)
 C CASH FLOW FROM FINANCING ACTIVITIES    
 Increase in Share Capital 2,51,54,710  -
 Increase in Share Premium 56,87,73,148 -
 Proceeds from long term borrowing                - 1,12,71,00,000
  Repayment of long term borrowings  (155,96,91,899)   (82,83,57,344)
 Increase/(Decrease) in short term borrowings including cash credit 3,58,78,226  1,38,66,710
  Finance cost paid (42,65,17,758)

(50,97,24,280)

Prefence dividend(Including dividend distribution Tax)  (18,28,23,266)                 -
Net cash from financing activities  (1,53,92,26,839) (19,71,14,914)
Net increase in cash and cash equivalents (A+B+C)  (3,85,76,950) 4,00,16,91

Opening balance of cash or cash equivalents

Closing balance of cash or cash equivalents

 4,82,24,577

 96,47,627

82,07,666

4,82,24,577

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