Cash Flow

A. Cash From Operating Activities Year Ended 31-03-2016  18 Months Ended 31-03-2015 
  Net profit before tax  39,39,38,872 (26,59,04,078)
 Adjustments for :    
  Depreciation/ Obsolescence  30,76,46,002  47,24,63,759
  Loss on sale of fixed assets  8,18,113  (1,72,743)
  Finance cost  51,59,02,314  75,20,97,675
  Interest income  (2,09,757)  (27,79,986)
 Dividend income  
(2,00,000)
 
(2,00,000)
Tax impact of remission of Cane Commission Liability 2,60,29,634 -
 Provision for wealth tax & Fringe benefit tax - 5,05,608
    84,99,86,306 1,22,19,14,313
 
Operating profit before working capital changes
 1,24,39,25,178  95,60,10,235
  Adjustments for changes in Working capital:    
 (increase)/Decrease in inventories  (45,48,93,729)  (2,99,11,74,130)
 
(increase)/Decrease in Trade Receivables
 (21,45,80,748) (40,79,26,490)
 (increase)/Decrease in Other Receivables  21,93,85,870   (32,36,41,154)
 increase/(Decrease) in Trade Payables  (58,40,93,606)  1,02,94,42,917
 
increase/(Decrease) in Other Payables
 15,78,33,300   23,10,59,277
   (87,63,48,913)  (2,46,22,39,580)
 
Cash generated from operations
 36,75,76,265 (1,50,62,29,345)
 
Direct taxes paid
 (1,96,145)  (5,38,340)
 
Net cash from operating activities
36,73,80,120  (1,50,67,67,685)
 B. CASH FLOW FROM INVESTING ACTIVITIES    
  Purchase of fixed assets (including capital advance)  (13,23,58,096)   (4,93,00,442)
 Investment in shares of subsidiary company  -  -
   Interest received  2,09,757  27,79,986
 Dividend income  2,00,000   2,00,000
 
Sale of fixed assets
 17,00,044   24,57,241
 Net cash from investing activities  (13,02,48,295)  (4,38,63,215)
 C CASH FLOW FROM FINANCING ACTIVITIES    
   -  -
   - -
 Proceeds from long term borrowing  1,12,71,00,000 1,56,73,00,000
  Repayment of long term borrowings  (82,83,57,344)   (1,25,02,00,563)
 Increase/(Decrease) in short term borrowings including cash credit  1,38,66,710 2,00,44,85,824
  Finance cost paid (50,97,24,280) (78,38,32,767)
Net cash from financing activities (19,71,14,914) 1,53,77,52,494
Net increase in cash and cash equivalents (A+B+C) 4,00,16,911 (1,28,78,406) 
Opening balance of cash or cash equivalents 82,07,666 2,10,86,072
Closing balance of cash or cash equivalents 4,82,24,577 82,07,666

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