Fractal Analytics Annual Report 2023-24

Standalone Statement of Cash Flows for the year ended March 31, 2024

(in Rupees million)

(in Rupees million)

Year ended March 31, 2024

Year ended March 31, 2023*

Year ended March 31, 2024

Year ended March 31, 2023*

Particulars

Particulars

(C) Cashflows from financing activities Proceeds from issue of equity shares and share application money pending allotment

(A) Cashflows from operating activities Profit /(loss) before tax expense

100

151

1,306

(152)

Adjustment for: Depreciation and amortization expense Depreciation on right-of-use assets

Repayment of lease liabilities including interest (Refer note 30) Net cashflows from / (used in) financing activities Net increase / (decrease) in cash and cash equivalents (A+B+C)

(261) (161)

(257) (106) (303)

262 194

263 189

44 79

Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year

382

Interest on lease liabilities

16

39

123

79

Interest income on intercompany loan*

(2)

(4)

Cash and cash equivalents comprise of: Cash in hand**

Net gain on redemption/fair valuation of financial instruments

(198)

(157)

0

0

Guarantee commission income

(31) (17) (11)

(39)

Balance with banks: In current accounts

Gain on sale of investment in subsidiary company Interest income on unwinding of security deposits Unrealised foreign exchange loss / (gain) (net) Unrealised fair value (gain) / loss on derivatives (net)

-

123 123

79 79

(11) (35)

Total cash and cash equivalents

43

(51)

45

* Refer note 35 for business combination **denotes amount less than C 1 million Notes : 1) Refer note 30 for movement in lease liabilities under financing activities. 2) The statement of cashflows has been prepared under the indirect method as set out in Indian Accounting standard (Ind AS 7) Statement of cash flows' as specified under section 133 of the Companies Act, 2013. Material accounting policies 2 The accompanying notes form an integral part of the standalone financial statements. As per our report of even date attached. For B S R & Co. LLP For and on behalf of the Board of Directors of Chartered Accountants Fractal Analytics Limited Firm’s Registration Number: 101248W/W-100022 CIN: U72400MH2000PLC125369

Employee stock option expense Allowance for expected credit loss Provision for doubtful advances

555

1,049

32

8

3 5

10 80

Provision for tax settlements (Refer note 25)

Impairment in value of investments and recoverable from subsidiaries and writeback of payable to subsidiaries

(469)

368

Impact on account of acquisition of business (Refer note 35) Operating cash flow before working capital changes

19

176

1,656

1,829

(Increase) in trade receivables

(352)

(2,857)

(Increase) in other current financial assets

(82)

(109)

Rajesh Mehra

Srikanth Velamakanni Whole-Time Director

Sasha Gulu Mirchandani Somya Agarwal

(Increase) / Decrease in other non current financial assets

(6)

1

Partner

Director

Company Secretary

Decrease in other non current assets (Increase) in other current assets Increase / (Decrease) in trade payables Increase in other current financial liabilities Increase in current and non-current provisions

21

15

Membership Number: 103145

DIN: 01722758

DIN: 01179921

Membership number: A17336

(9)

(2)

25

(14)

Mumbai

London

London

London

Date: June 17, 2024

Date: June 17, 2024 Date: June 17, 2024

Date: June 17, 2024

279

184

82

17

(Decrease) / Increase in other non current financial liabilities

(1)

2

Increase / (Decrease) in other current liabilities

64

(171)

Cash generated from operations

1,677

(1,105)

Taxes paid (net of refunds)

(160)

(127)

Net cashflows generated / (used in) from operating activities (B) Cashflows from investing activities Purchase of property, plant and equipment and intangible assets

1,517

(1,232)

(96)

(156) (298)

Intercompany loan given during the year

(121)

Intercompany loan received back during the year

10

121

Interest received during the year

-

21

Maturity proceeds on redemption of mutual fund units

6,806

7,866

Purchase of mutual fund units

(8,030)

(6,514)

Proceeds from sale of investments in subsidiary Investment in equity instruments of subsidiary Amount paid for acquisition of business (Refer note 35)

231

-

(3)

(5)

(109)

-

Net cashflows (used in) / generated from investing activities

(1,312)

1,035

134

135

Fractal Analytics Limited | Annual Report 2023-24

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