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Otis Elevator (India) Limited Unlisted Shares Financial Reports

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Otis Elevator (India) Limited Unlisted Shares

Financial Year: 2024

Otis Elevator Company (India) Limited's consolidated balance sheet as of March 31, 2024, shows total assets of ₹189,820 Lakhs, compared to ₹175,639 Lakhs in the previous year. **Assets:** * **Non-current assets** increased from ₹149,676 Lakhs to ₹162,803 Lakhs. This includes property, plant, and equipment (₹6,928 Lakhs), right-of-use assets (₹2,961 Lakhs), capital work-in-progress (₹660 Lakhs), intangible assets (₹537 Lakhs), intangible assets under development (₹506 Lakhs), financial assets (₹1,441 Lakhs in trade receivables, ₹48 Lakhs in loans, ₹7,022 Lakhs in other financial assets), deferred tax assets (₹13 Lakhs), income tax assets (₹6,284 Lakhs), and other non-current assets (₹27,017 Lakhs). * **Current assets** decreased from ₹25,963 Lakhs to ₹22,765 Lakhs. This includes inventories, financial assets (₹45,833 Lakhs in trade receivables, ₹65,371 Lakhs in cash and cash equivalents, ₹608 Lakhs in bank balances, ₹3,288 Lakhs in loans, ₹2,766 Lakhs in other financial assets), income tax assets (₹22,101 Lakhs), other current assets (₹10 Lakhs), and assets held for sale. **Equity and Liabilities:** * **Equity** consists of equity share capital (₹1,181 Lakhs) and other equity (₹25,748 Lakhs), totaling ₹26,929 Lakhs. * **Non-current liabilities** include financial liabilities (₹1,961 Lakhs in lease liabilities), other non-current liabilities (₹2,719 Lakhs), and provisions (₹5,961 Lakhs), totaling ₹10,641 Lakhs. * **Current liabilities** include financial liabilities (₹1,398 Lakhs in lease liabilities, ₹2,806 Lakhs in trade payables to micro and small enterprises, ₹50,486 Lakhs in trade payables to other creditors, ₹4,039 Lakhs in other financial liabilities), other current liabilities (₹81,446 Lakhs), and provisions (₹12,075 Lakhs), totaling ₹152,250 Lakhs. Material accounting policies are integral to these consolidated financial statements. The consolidated statement of cash flows for the year ended March 31, 2024, shows the following: * **Cash flows from operating activities** resulted in a net cash inflow of ₹26,406 Lakhs, compared to ₹20,209 Lakhs in the previous year. This is after adjustments for depreciation, amortization, provision for financial assets, and working capital changes. The profit before tax was ₹28,570 Lakhs, with adjustments including depreciation and amortization expense (₹2,666 Lakhs), provision for other financial assets (₹574 Lakhs), and unrealized gains/losses on foreign exchange (₹427 Lakhs). * **Cash flows from investing activities** generated a net cash inflow of ₹2,642 Lakhs, compared to an outflow of ₹(221) Lakhs in the previous year. This includes purchases of property, plant, and equipment (₹(3,032) Lakhs), rental income (₹1 Lakhs), loans repaid by related parties (₹2,200 Lakhs), and interest received (₹3,002 Lakhs). * **Cash flows from financing activities** resulted in a net cash outflow of ₹(17,624) Lakhs, compared to ₹(19,579) Lakhs in the previous year. This is mainly due to dividend paid (₹(15,890) Lakhs) and repayment of principal lease liabilities (₹(1,307) Lakhs). The net increase in cash and cash equivalents for the year was ₹11,424 Lakhs, bringing the total cash and cash equivalents to ₹65,371 Lakhs as of March 31, 2024. The consolidated statement of profit and loss for the year ended March 31, 2024, reports: * **Revenue from operations** of ₹277,069 Lakhs (previous year: ₹243,500 Lakhs) and other income of ₹6,277 Lakhs (previous year: ₹4,633 Lakhs), resulting in a total income of ₹283,346 Lakhs. * **Expenses** including cost of materials consumed, employee benefit expenses (₹145,477 Lakhs), finance costs (₹49,086 Lakhs), depreciation and amortization expense (₹514 Lakhs), and other expenses (₹57,033 Lakhs) totaled ₹254,776 Lakhs. * **Profit before tax** was ₹28,570 Lakhs. Tax expense was ₹7,611 Lakhs. * **Profit for the year** was ₹20,959 Lakhs. * **Other comprehensive income** showed a loss of ₹(593) Lakhs, net of tax. Total comprehensive income for the year was ₹20,366 Lakhs. Earnings per share (basic and diluted) were ₹177.50.

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Unlisted shares are stocks of companies that are not listed on any stock exchange, meaning they are not publicly traded. These shares are typically available for trade in the private market through brokers, and can offer unique investment opportunities.

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Unlisted shares can offer higher growth potential, as they are typically not subject to the same market volatility as listed shares. However, they come with higher risk due to limited liquidity and availability of information. It's important to research thoroughly and consult experts before investing.

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To sell unlisted shares, you can connect with a broker or platform that facilitates the sale of private stocks. We help investors buy and sell unlisted shares with ease, ensuring that your transaction is handled professionally and securely.

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Yes, unlisted shares can eventually be listed on a stock exchange through an Initial Public Offering (IPO). This process allows the company to offer its shares publicly and be traded on major exchanges, potentially increasing liquidity and visibility.

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Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.

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Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.

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