Pind Hospitality Limited cash-flow statement does not reconcile

Pind Hospitality’s restated cash-flow statement does not reconcile: its first displayed cash-flow column totals a Rs 6.6938 crore decrease, yet reports a Rs 17.17 lakh increase. That column closes at Rs 1.32 lakh, matching the 31 March 2026 balance sheet, while its opening-to-closing balance implies a Rs 1.809 crore decrease.

What does Pind Hospitality’s cash-flow statement report?

Pind Hospitality presents its restated cash-flow statement under Accounting Standard 3, or AS 3, which governs cash-flow statements, using the indirect method. The three columns are labelled years ended 31 March 2024, 31 March 2023 and 31 March 2024, respectively, duplicating the 2024 label. The first column reports Rs 2.273 crore of net profit after tax, the same amount shown in the restated profit-and-loss statement for the year ended 31 March 2026.

The first displayed column reports Rs 3.0515 crore of net cash from operating activities, a Rs 6.4868 crore use in investing activities and a Rs 3.2585 crore use in financing activities. It then states a Rs 17.17 lakh increase in cash and cash equivalents, with opening cash of Rs 1.8222 crore and closing cash of Rs 1.32 lakh. The restated statement of assets and liabilities separately reports cash and cash equivalents of Rs 1.32 lakh at 31 March 2026, Rs 17.17 lakh at 31 March 2025 and Rs 1.8222 crore at 31 March 2024.

The second displayed column reports Rs 1.9044 crore from operating activities, a Rs 2.1692 crore investing outflow and a Rs 1.8667 crore financing outflow. It records a Rs 18.22 lakh increase, despite showing opening cash of Rs 1.7117 crore and closing cash of Rs 17.17 lakh. The third column reports Rs 4.2701 crore from operations, a Rs 15.7571 crore investing outflow and Rs 2.2101 crore from financing activities, followed by a stated Rs 9.32 lakh increase and equal opening and closing cash balances of Rs 1.8222 crore.

How do Pind Hospitality’s cash-flow subtotals fail to reconcile?

Pind Hospitality’s three reported activity subtotals produce cash decreases in every displayed column, rather than the positive movements stated below them. In the first column, Rs 3.0515 crore of operating cash flow less the Rs 6.4868 crore investing outflow and Rs 3.2585 crore financing outflow equals a Rs 6.6938 crore decrease. The stated annual movement is instead a Rs 17.17 lakh increase, producing a Rs 6.8655 crore difference.

The second column has the same arithmetic conflict. Its Rs 1.9044 crore operating inflow, less the Rs 2.1692 crore investing outflow and Rs 1.8667 crore financing outflow, equals a Rs 2.1315 crore decrease. The statement records a Rs 18.22 lakh increase, leaving a Rs 2.3137 crore difference between the printed cash-flow subtotals and the reported annual movement.

The third column produces the largest difference. Rs 4.2701 crore of operating cash flow less the Rs 15.7571 crore investing outflow, plus Rs 2.2101 crore from financing activities, equals a Rs 9.2769 crore decrease. Pind Hospitality instead reports a Rs 9.32 lakh increase, a Rs 9.3701 crore difference; the supplied financial statements provide no separate reconciliation of any of the three differences.

Do Pind Hospitality’s opening and closing cash balances bridge?

Pind Hospitality’s opening and closing cash figures also do not bridge to the stated annual movements. In the first column, cash declines from Rs 1.8222 crore to Rs 1.32 lakh, a Rs 1.809 crore fall, rather than the reported Rs 17.17 lakh increase. The Rs 1.32 lakh closing balance agrees with the 31 March 2026 assets-and-liabilities statement, but the Rs 1.8222 crore opening balance is the cash balance disclosed for 31 March 2024 rather than 31 March 2025.

In the second column, reported cash falls from Rs 1.7117 crore to Rs 17.17 lakh, a Rs 1.54 crore decline rather than a Rs 18.22 lakh increase. In the third column, the identical Rs 1.8222 crore opening and closing balances indicate no change, while the movement line says cash increased by Rs 9.32 lakh. The balance-sheet sequence shows a Rs 1.6505 crore reduction from 31 March 2024 to 31 March 2025 and a further Rs 15.85 lakh reduction from 31 March 2025 to 31 March 2026.

What do the period labels and related statements show?

Pind Hospitality’s period labels do not align consistently with the related restated statements. The first cash-flow column is labelled 31 March 2024, but its Rs 2.273 crore profit after tax matches the 31 March 2026 profit-and-loss statement. The third column’s Rs 2.2141 crore profit after tax matches the year ended 31 March 2024, while the second column reports Rs 2.6224 crore, compared with Rs 2.5623 crore of profit after tax in the 31 March 2025 profit-and-loss statement.

Pind Hospitality also uses four different Corporate Identification Numbers, or CINs, across the supplied pages. The assets-and-liabilities statement lists U55202PN2021PLC217771, the profit-and-loss statement lists U55202PN2021PLC217171, and the cash-flow statement lists U55202PN2021PLC177171. The general-information section identifies U55202PN2021PLC201771; these CIN differences do not establish that the cash balance is incorrect, but they add to the inconsistencies in the restated presentation dated 9 September 2026.

Why does this matter for the reported Rs 1.32 lakh cash balance?

Pind Hospitality’s disclosed Rs 1.32 lakh cash balance is supported by both the first cash-flow column’s closing balance and the 31 March 2026 assets-and-liabilities statement. However, the cash-flow statement does not show a valid bridge to that closing amount because its activity subtotals imply a Rs 6.6938 crore decrease and its opening-to-closing balances imply a Rs 1.809 crore decrease. Those are materially different calculations from the stated Rs 17.17 lakh increase.

The discrepancy concerns presentation and internal reconciliation, not a demonstrated conclusion about which individual figure should change. The supplied pages do not identify whether the cash-flow subtotals, the financing classification, annual movement lines, opening balances or duplicated period labels contain the error. A reconciled restated statement would need to connect the applicable period’s opening cash, operating, investing and financing cash flows, and closing cash to the Rs 1.32 lakh balance reported at 31 March 2026.

Conclusion

Pind Hospitality’s cash-flow statement does not support its reported annual cash movements or its own opening-to-closing cash balances. The first displayed column alone contains three incompatible outcomes: a Rs 6.6938 crore fall from activity subtotals, a Rs 1.809 crore fall from cash balances, and a reported Rs 17.17 lakh increase, while closing at Rs 1.32 lakh.

The next point to watch is whether Pind Hospitality issues a corrected restated cash-flow statement or explains the duplicated 2024 labels, the Rs 2.6224 crore second-column profit figure and the differing CINs. The restated statements were dated 9 September 2026 and signed by the company’s board representatives and Ratan Chandak & Co LLP, but the supplied excerpt discloses no correction or explanatory note.