Thalappakatti Hotels Private Limited Consolidated Balance Sheet as of March 31, 2024, shows total equity and liabilities of INR 2,319.82 million, compared to INR 2,266.73 million the previous year. Shareholders' funds total INR 1,116.42 million (INR 1,119.93 million in 2023), with share capital remaining at INR 99.34 million and reserves and surplus at INR 1,017.08 million (INR 1,020.59 million in 2023). Minority interest is INR 62.26 million, up from INR 55.85 million. Non-current liabilities amount to INR 226.72 million, significantly higher than INR 98.39 million in the previous year, mainly due to an increase in long-term borrowings (INR 86.51 million vs. INR 16.77 million). Current liabilities are INR 914.42 million, lower than INR 992.56 million in 2023, with short-term borrowings at INR 337.36 million (down from INR 435.84 million) and trade payables totaling INR 331.31 million (INR 315.20 million in 2023).
Total assets include non-current assets of INR 1,890.90 million (INR 1,816.27 million in 2023), with property, plant, and equipment and intangible assets totaling INR 1,330.74 million. Current assets are INR 428.92 million, lower than INR 450.46 million in 2023, including inventories of INR 57.89 million and cash and bank balances of INR 266.82 million.
The company's consolidated statement of profit and loss for the year ended March 31, 2024, shows total income of INR 4,081.51 million (compared to INR 3,682.85 million in 2023), including revenue from operations of INR 4,042.77 million and other income of INR 38.74 million. Total expenses amounted to INR 4,068.66 million, resulting in a profit before tax of INR 12.85 million (compared to a loss of INR 260.10 million in 2023). After accounting for tax expenses and share in profit of associates, the profit for the year is INR 32.94 million (compared to a loss of INR 209.49 million in 2023). Earnings per equity share are INR 0.39 (compared to negative INR 2.075 in 2023).
The company's accounting policies indicate that consolidated financial statements are prepared according to Indian GAAP and on a going concern basis. The company is engaged in running restaurants in various locations. The going concern assumption is based on projections indicating cash profit generation and a letter of support from the Holding Company.
The company has subsidiaries including Varanam Hospitality Private Limited and Thalappakatti Naidu Ananda Vilas Biryani Hotels LLP, and associates including Heritage Biriyani Inc. and Deccan Arromas Sdn. Bhd.
