Financial Report Summary
Sambhv Sponge Power Private Limited's financial position as of March 31st, 2021, is summarized in three audited financial statements (Balance Sheet, Profit & Loss Statement, and Cash Flow Statement).
Balance Sheet:
The balance sheet shows a total equity and liabilities and total assets of ₹2,70,31,68,617.18 as of March 31, 2021, compared to ₹2,04,26,58,016.77 as of March 31, 2020.
- Equity and Liabilities: Shareholder's funds increased significantly, with reserves and surplus rising from ₹24,76,45,746.35 to ₹57,84,90,657.82. Non-current liabilities, primarily long-term borrowings, increased from ₹87,96,95,644.08 to ₹1,17,10,16,590.51. Current liabilities decreased from ₹78,30,88,738.34 to ₹69,95,52,463.85, driven by reductions in short-term borrowings and trade payables.
- Assets: Non-current assets, mainly property, plant, and equipment (PPE), remained relatively stable at ₹1,13,79,86,769.48 (tangible assets) compared to ₹1,12,01,44,532.49 in the previous year. Current assets decreased from ₹85,67,07,122.44 to ₹86,51,21,291.69, with a notable decrease in inventories from ₹42,09,97,236.69 to ₹35,47,84,655.42.
Statement of Profit & Loss:
The statement of profit and loss for the year ended March 31st, 2021, shows a significant increase in revenue and profit.
- Income: Revenue from operations nearly doubled, increasing from ₹2,43,40,81,751.00 to ₹4,79,04,55,750.45. Total revenue increased to ₹4,80,15,93,225.00 from ₹2,43,72,34,163.16.
- Expenses: Total expenses increased substantially from ₹2,30,91,77,611.63 to ₹4,36,41,63,802.53, primarily driven by a significant increase in the cost of raw materials and stores consumed. Employee benefits expense also increased considerably.
- Profitability: Profit before exceptional and extraordinary items and tax increased significantly from ₹12,80,56,551.53 to ₹43,74,29,422.47. After accounting for tax expenses, the profit for the period increased substantially from ₹11,90,09,443.53 to ₹33,08,44,911.47. Earnings per equity share increased from ₹6.02 to ₹16.47.
Cash Flow Statement:
The cash flow statement provides insights into the company's cash inflows and outflows during the year.
- Operating Activities: Net cash from operating activities showed a substantial increase from a negative ₹10,625,785.77 to a positive ₹519,230,459.80. This was largely due to an increase in operating profit before working capital changes.
- Investing Activities: Net cash used in investing activities remained significantly negative, moving from (₹449,543,906.81) to (₹568,864,017.45), due to investments in fixed assets.
- Financing Activities: Net cash from financing activities decreased from ₹503,641,966.06 to ₹62,653,045.51. Proceeds from the issuance of share capital are not present in the current year, whereas there were ₹30,000,000.00 in the previous year. There were decreases in secured and unsecured long-term loans, as well as cash credit loans.
- Overall Cash Position: The net increase in cash and cash equivalents was ₹13,019,487.86, resulting in a cash and cash equivalent balance of ₹70,823,999.09 at the end of the period, compared to ₹57,804,511.23 at the beginning.
