Company Overview Financial Statements Notice Statutory Reports 05 Rudolf Atul Chemicals Ltd | Annual Report 2022-23 Directors’ Report Dear Members, The Board of Directors (Board) presents the annual report of Rudolf Atul Chemicals Ltd together with the audited Financial Statements for the year ended March 31, 2023. 01. Financial results (` cr) 2022-23 2021-22 Sales 110.37 120.04 Revenue from operations 111.18 121.16 Other income 0.98 1.37 Total revenue 112.16 122.53 Profit before tax 10.50 21.75 Provision for tax 2.73 5.36 Profit for the year 7.77 16.39 Balance brought forward 45.83 38.26 Transfer from comprehensive income 0.10 (0.07) Disposable surplus 53.71 54.59 Less: Dividend paid 23.35 8.76 Balance carried forward 30.36 45.83 02. Performance Sales decreased by 8% from ` 120.04 cr to ` 110.37 cr, primarily due to lower capacity utilisation by key customers of knit and home textiles segments on account of muted demand in key importing countries such as USA and Europe. Profit before tax decreased by 52% from ` 21.75 cr to ` 10.50 cr. The earnings per share decreased from ` 28.09 to ` 13.31. Cash flow from operating activities before working capital changes decreased from ` 21.00 cr to ` 10.26 cr and the net cash flow from operating activities increased from ` 9.38 cr to ` 12.37 cr. During the year, the Company has fur ther streamlined zero liquid discharge operations to make them liquid effluent-free. This envisages an approach that protects the environment and creates a better ecosystem for the society. The Company also worked extensively with various certification bodies, completed the registration of 80 products with the certification body Global Organic Textile Standard (GOTS) list for version 6.0. 03. Dividend The Board recommends payment of a dividend of ` 10 per share on 58,37,500 equity shares of ` 10 each fully paid-up for the approval of the members. The dividend will entail an outflow of ` 5.84 cr on the paid-up equity share capital of ` 5.84 cr. 04. Energy conser vat i on , techno l ogy absorption and foreign exchange earnings and outgo Information required under Section 134(3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules, 2014 as amended from time to time, forms part of this Report, which is given on page number 09.
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