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Trident Limited Annual Report 2023-24

Consolidated Balance Sheet


as at March 31, 2024
(Rs. million)
As at As at
Particulars Note No.
March 31, 2024 March 31, 2023

I ASSETS
Non current assets
a) Property, plant and equipment 3 44,644.6 39,669.3
b) Capital work in progress 3,38 847.5 3,622.4
c) Intangible assets 3 553.8 316.1
d) Right of use assets 41 877.4 957.7
e) Intangible assets under development 3 29.3 59.6
f) Financial assets
i) Investments 4,45 489.1 4.9
ii) Other financial assets 5,45 586.5 2,405.8
g) Non current tax assets (net) 6 230.9 141.0
h) Defferred tax assets - 2.0
i) Other non current assets 7 364.3 655.0
Total non current assets 48,623.4 47,833.8
Current assets
a) Inventories 8 13,933.6 10,818.0
b) Financial assets
i) Trade receivables 9,45 4,119.1 2,765.4
ii) Cash and cash equivalents 10,45 264.0 1,267.3
iii) Other bank balances (other than ii above) 11,45 5,048.0 2,382.6
iv) Other financial assets 12,45 1,740.0 1,555.4
c) Current tax assets (Net) 6 - 1.7
d) Other current assets 13 1,904.7 1,663.2
Total current assets 27,009.4 20,453.6
Total assets 75,632.8 68,287.4
II EQUITY AND LIABILITIES
Equity
a) Equity share capital 14 5,096.0 5,096.0
b) Other equity 15 38,058.1 36,830.3
Total equity 43,154.1 41,926.3
c) Non Controlling interest 41 22.6 15.2
43,176.7 41,941.5
Non current liabilities
a) Financial liabilities
i) Borrowings 16,45 11,734.2 8,042.5
ii) Lease liabilities 41 579.8 603.2
iii) Other financial liabilities 17 - 32.8
b) Deferred tax liabilities (net) 44 (b) 3,096.3 3,017.6
Total non current liabilities 15,410.3 11,696.1
Current liabilities
a) Financial liabilities
i) Borrowings 18,45 8,873.9 5,698.6
ii) Lease liabilities 41 70.8 77.6
iii) Trade payables 19,45
a) Total outstanding dues of micro enterprises and small enterprises; and 1,163.5 1,555.0
b) Total outstanding dues of creditors other than micro enterprises and small 3,602.1 3,846.5
enterprises
iv) Other financial liabilities 20,45 1,710.9 2,378.6
b) Provisions 21 577.9 116.9
c) Other current liabilities 22 1,028.5 902.2
d) Current tax liabilities (net) 23 18.2 74.4
Total current liabilities 17,045.8 14,649.8
Total liabilities 32,456.1 26,345.9
Total equity and liabilities 75,632.8 68,287.4

See accompanying notes forming part of the consolidated financial statements 1 to 62

As per our report of even date For and on behalf of the Board of Directors
For S.R. Batliboi & Co. LLP
Chartered Accountants
(ICAI Firm's Registration No. 301003E/E300005)
Rajiv Dewan Deepak Nanda
Director Managing Director
DIN: 00007988 DIN: 00403335

Anil Gupta Manish Bhatia Samir Prabodhchandra Joshipura


Partner Chief Financial Officer Chief Executive Officer
(Membership No. 87921)

Place : Chandigarh Place : Chandigarh Aravind Matta


Date : May 18, 2024 Date : May 18, 2024 Company Secretary

212
Corporate Overview Statutory Reports Financial Statements

Consolidated Statement of Profit and Loss


for the year ended March 31, 2024
(Rs. million)
For the year ended For the year ended
Particulars Note No.
March 31, 2024 March 31, 2023

1 Revenue from operations 24 68,088.3 63,322.6


2 Other income 25 577.6 243.6
3 Total Income (1+2) 68,665.9 63,566.2
4 Expenses:
Cost of raw materials consumed 26 35,026.1 33,851.5
Purchase of stock in trade 27 490.6 485.9
Changes in inventories of finished goods, process waste, work-in-progress and stock in 28 (957.7) (582.2)
trade
Employee benefits expenses 29 8,768.5 6,503.8
Finance costs 30 1,563.7 796.2
Depreciation and amortisation expense 3 3,649.8 3,127.7
Forex (gain) (including MTM) (121.0) (20.9)
Other expenses 31 15,478.9 13,617.4
Total expenses 63,898.9 57,779.4
5 Profit before share of profit of associate, exceptional items and tax (3-4) 4,767.0 5,786.8
6 Share of profit of associate 60 - 3.8
7 Profit before exceptional items and tax (5+6) 4,767.0 5,790.6
8 Exceptional items 58 (1.5) -
9 Profit before tax (7-8) 4,768.5 5,790.6
10 Tax expenses
- Current tax 44 (a) 1,189.4 1,397.9
- Deferred tax charge 44 (a) 78.7 13.6
- Current tax adjustments related to earlier years 44 (a) (10.0) (7.7)
- Deferred tax adjustments related to earlier years 44 (a) 10.5 1,268.6 (29.3) 1,374.5
11 Profit for the year (9-10) 3,499.9 4,416.1
12 Other comprehensive income/ (loss)
Items that will not be reclassified to profit or loss :
- Remeasurement (loss)/gain of the defined benefit plan (300.4) 87.2
- Income tax related to items that will not be reclassified to profit or loss 75.6 (21.9)
(224.8) 65.3
Items that will be reclassified to profit or loss :
- Net movement in effective portion of cash flow hedge reserve (49.2) (13.9)
- Exchange differences in translating the financial statements of a foreign operation 3.5 1.4
- Income tax related to items that may be reclassified to profit or loss 11.5 3.2
(34.2) (9.3)
Other comprehensive Income/ (loss), net of taxes (259.0) 56.0
13 Total comprehensive income (11+12) 3,240.9 4,472.1
14 Profit for the year attributable to:
Equity holders of the parent 3,495.2 4,407.4
Non controlling interest 4.7 8.7
Total 3,499.9 4,416.1
15 Other comprehensive income/(loss) for the year
Equity holders of the parent (259.8) 55.7
Non controlling interest 0.8 0.3
Total (259.0) 56.0
16 Total comprehensive income for the year
Equity holders of the parent 3,235.4 4,463.2
Non controlling interest 5.5 8.9
Total 3,240.9 4,472.1
17 Earnings per share (EPS) face value (of Re.1/- each) 37
- Basic 0.69 0.88
- Diluted 0.69 0.88

See accompanying notes forming part of the consolidated financial statements 1 to 62

As per our report of even date For and on behalf of the Board of Directors
For S.R. Batliboi & Co. LLP
Chartered Accountants
(ICAI Firm's Registration No. 301003E/E300005)
Rajiv Dewan Deepak Nanda
Director Managing Director
DIN: 00007988 DIN: 00403335

Anil Gupta Manish Bhatia Samir Prabodhchandra Joshipura


Partner Chief Financial Officer Chief Executive Officer
(Membership No. 87921)

Place : Chandigarh Place : Chandigarh Aravind Matta


Date : May 18, 2024 Date : May 18, 2024 Company Secretary

213

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