Financial Year: 2024
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ONIX RENEWABLE LIMITED - Consolidated Financial Statements (April 1, 2023 - March 31, 2024)
This document contains the consolidated financial statements of ONIX RENEWABLE LIMITED and its subsidiaries for the fiscal year spanning April 1, 2023, to March 31, 2024, with comparative figures from April 1, 2022, to March 31, 2023. All monetary values are expressed in thousands of Indian Rupees (INR).
1. General Information:
2. Auditors' Report:
The report expresses an unmodified opinion on the consolidated financial statements, indicating they present a true and fair view in accordance with the Companies Act, 2013, and Accounting Standards. The audit was conducted according to Standards on Auditing (SAs). Key audit matters (KAM) were addressed within the context of the audit as a whole, and no separate opinion is provided on these matters.
3. Financial Position (Balance Sheet):
(Amounts in Thousands of INR)
| Item | March 31, 2024 | March 31, 2023 | | ------------------------- | -------------- | -------------- | | Equity and Liabilities | | | | Share Capital | 16,700 | 15,500 | | Reserves and Surplus | 9,58,047.07 | 1,64,126.64 | | Total Equity | 9,74,747.07 | 1,79,626.64 | | Long-Term Borrowings | 6,53,018.45 | 1,09,650.03 | | Other Long-Term Liabilities | 50,257.75 | 65,582.75 | | Total Non-Current Liabilities| 7,03,276.2 | 1,75,232.78 | | Short-Term Borrowings | 2,47,069.78 | 70,037.84 | | Trade Payables | 14,36,575.06 | 4,32,607.62 | | Other Current Liabilities | 14,49,489.07 | 57,180.23 | | Short-Term Provisions | 1,40,037.05 | 24,482.3 | | Total Current Liabilities | 32,73,170.96 | 5,84,307.99 | | Total Equity and Liabilities| 49,51,162.54 | 9,39,088.12 | | Assets | | | | Tangible Assets | 1,08,680.28 | 73,553.51 | | Non-Current Investments | 1,160.42 | 1,144.38 | | Deferred Tax Assets (Net) | 6,370.53 | 1,453.88 | | Other Non-Current Assets | 3,61,124.61 | 1,56,999.46 | | Total Non-Current Assets| 4,77,335.84 | 2,72,479.83 | | Inventories | 10,61,379.91 | 2,73,543.2 | | Trade Receivables | 13,42,107.93 | 1,59,792.3 | | Cash and Bank Balances | 21,279.85 | 85,750.19 | | Short-Term Loans & Advances | 17,44,799.58 | 59,104.68 | | Other Current Assets | 3,04,259.43 | 88,417.92 | | Total Current Assets | 44,73,826.7 | 6,66,608.29 | | Total Assets | 49,51,162.54 | 9,39,088.12 |
4. Financial Performance (Cash Flow Statement):
(Amounts in Thousands of INR)
| Item | March 31, 2024 | March 31, 2023 | | ------------------------------------------------------------- | -------------- | -------------- | | Profit Before Tax | 5,27,863.35 | 1,10,394.2 | | Net Cash Flow from Operations | 5,48,754.23 | 2,04,029.36 | | Net Cash Flow from Investing | -16,89,593.9 | -1,68,115.07 | | Net Cash Flow from Financing | 10,76,369.33 | 35,072.47 | | Net Increase/(Decrease) in Cash | -64,470.34 | 70,986.76 | | Cash and Cash Equivalents at End of Period | 21,279.85 | 85,750.19 |
5. Share Capital:
6. Borrowings:
7. Key Ratios:
8. Other Key Points:
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