Rydak Syndicate Limited has announced its annual report for the financial year ended March 31, 2022.
As per the annual report, the gross revenue of the company increased by 14%, to Rs. 147 crore, as against Rs. 129 crore in the previous financial year. During the financial year ended March 31, 2022, the total expenses increased 8%, to Rs. 122 crore as against Rs. 114 crore in FY21.
The company has reported a massive increase in its PBT compared to the previous financial year. For FY22, the PBT of the company increased 66%, to Rs. 24 crore, compared to Rs. 15 crore for the previous financial year.
The net profit for FY22 increased 57%, to Rs. 22 crore, as against Rs. 15 crore in the previous financial year. The total assets of the company increased by 10%, to Rs. 111 crore as against Rs. 101 crore in FY21. The total equity and liabilities of the company also increased by 10%, to Rs. 111 crore, compared to Rs. 101 crore in the previous financial year. For FY22, the net cash flow generated from operating activities was Rs. 24 compared to Rs. 21 crore in the previous financial year. During FY22, the net cash used in investing activities stood at Rs. 6 crore, compared to Rs. 8 crore in FY21. Net cash used in financial activities was Rs. 9 crore as against Rs. 13 crore in the previous financial year. The net increase in cash and cash equivalents for FY22 was Rs. 8 crore compared to Rs. ( 0.0040) crore in FY22.
Rydak Syndicate Limited is a company incorporated under the Companies Act, 2013. The company’s shares are listed on the Calcutta Stock Exchange. The company is involved in harvesting, manufacturing, and selling of tea business. The company has also commenced operations commercially as a Tea Tourism operation in Dooars Region in the name of Baradighi –The Bungalow by converting one of its heritage Bungalows into a commercial property.