RKB Global Limited Shares

Financial Report Summary

RKB Global Limited Standalone Provisional Profit and Loss and Balance Sheet Summary for the year ended March 31, 2024

Financial Performance (Profit and Loss):

• Total Income: Increased from ₹3,64,40,72,901.69 to ₹4,61,29,36,548.71, driven primarily by an increase in revenue from operations which rose from ₹3,60,00,09,787.72 to ₹4,57,24,36,320.20. Other income also increased, from ₹4,40,63,113.97 to ₹4,05,00,228.51.
• Total Expenses: Increased significantly from ₹3,56,93,88,481.68 to ₹4,50,58,14,091.25. Major expense categories included:
  • Cost of Materials Consumed: Rose from ₹64,12,99,724.28 to ₹98,00,96,410.97
  • Purchases of Stock in Trade: Rose from ₹2,60,07,79,949.60 to ₹3,50,38,66,897.91
  • Changes in Inventories: Changed from an increase of ₹13,17,70,213.46 to a decrease of ₹(30,31,24,202.92)
  • Employee benefits expenses: Increased from ₹2,52,88,720.00 to ₹2,62,61,549.85.
  • Finance Costs: Nearly doubled, from ₹10,33,44,518.30 to ₹20,89,98,040.07.
  • Depreciation and Amortisation Expenses: Increased slightly from ₹2,83,97,936.60 to ₹3,01,39,733.00.
  • Other Expenses: Increased from ₹3,85,07,419.44 to ₹5,95,75,662.37.
• Profit Before Tax: Increased from ₹7,46,84,420.01 to ₹10,71,22,457.46.
• Tax Expense: Increased from ₹(2,01,82,425.82) to ₹(2,67,80,614.37). This includes both current and deferred tax.
• Profit for the Year: Increased from ₹5,45,01,994.19 to ₹8,03,41,843.10.
• Total Comprehensive Income for the Year: Increased from ₹5,48,90,422.19 to ₹8,03,41,843.10, reflecting the profit for the year and other comprehensive income items.
• Earnings Per Share (EPS): Increased from ₹1.89 to ₹2.11 for both basic and diluted EPS.

Financial Position (Balance Sheet):

• Total Assets: Increased from ₹2,29,94,05,663.96 to ₹2,78,46,49,862.97.
• Non-Current Assets: Increased from ₹44,61,88,669.82 to ₹69,42,63,738.02, driven by increases in Property, Plant and Equipment (PP&E), which increased from ₹19,59,21,804.87 to ₹44,06,81,867.22.
• Current Assets: Increased from ₹1,50,54,01,610.49 to ₹2,09,03,86,124.95, primarily due to increases in inventories from ₹96,90,54,011.16 to ₹1,27,21,78,214.08 and Trade Receivables which increased from ₹24,50,88,536.60 to ₹41,67,62,613.01.
• Equity: Increased from ₹45,72,89,465.49 to ₹1,43,88,39,123.59. This increase is attributable to an increase in Share Capital from ₹28,95,90,590.00 to ₹39,27,23,270.00.
• Non-Current Liabilities: Decreased from ₹30,41,42,975.14 to ₹21,14,62,788.42, driven by a decrease in borrowings.
• Current Liabilities: Decreased from ₹1,53,79,73,223.33 to ₹1,13,43,47,950.96, driven by a decrease in borrowings from ₹56,07,28,406.35 to ₹16,81,06,899.24 and a decrease in trade payables.

Key Ratios and Metrics:

• Trade Receivables: Current: ₹41,67,62,613.01 (₹24,50,88,536.60 last year); Non-current: ₹13,25,10,034.38 (₹14,34,47,990.26 last year).
• Inventories: Increased from ₹96,90,54,011.16 to ₹1,27,21,78,214.08.
• Cash and Cash Equivalents: Decreased from ₹9,37,450.02 to ₹6,84,476.01.
• Share Capital: Authorized increased to ₹59,21,11,000.00 (₹32,00,00,000.00 last year); Issued, Subscribed and Paid up increased to ₹39,27,23,270.00 (₹28,95,90,590.00 last year).
• Borrowings: Non-current decreased from ₹30,05,72,078.75 to ₹20,28,23,470.03; Current decreased from ₹56,07,28,406.35 to ₹16,81,06,899.24.
• Trade Payables: Increased to ₹84,46,73,748.81 (₹87,86,29,505.40 last year).

Other Key Points:

• There were no discontinued operations during the reported years.
• A further allotment of Preference Shares via private placement was made by the company during the year.
• The company has equity shares having a face value of ₹10 per share, each holder of equity shares being entitled to a single vote per share.
• Significant accounting policies are described in Notes 1 and 2 to the financial statements.
• Detailed movements in equity and other equity balances are disclosed in the notes to the financial statements.