| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Berar Finance Limited |
|
PARTICULARS |
2023 |
2022 |
|
ASSETS |
|
|
|
Financial Assets |
|
|
|
(a) Cash and cash equivalents |
10,525.19 |
9,507.52 |
|
(b) Bank Balances other than cash and cash equivalents |
1,580.96 |
4,371.89 |
|
(c) Loans |
92,212.64 |
81,933.84 |
|
(d) Investments |
1,829.45 |
1,562.29 |
|
(e) Other Financial assets |
4,132.85 |
4,063.88 |
|
Non-financial Assets |
|
|
|
(a) Deferred tax assets (Net) |
967.65 |
672.69 |
|
(b) Property, Plant and Equipment |
1,866.62 |
1,794.81 |
|
(c) Capital Work in Progress |
31.39 |
21.99 |
|
(d) Intangible assets |
66.74 |
71.85 |
|
(e) Right of use assets |
813.7 |
271.61 |
|
(f) Other non-financial assets |
80.95 |
93.69 |
|
Total Assets |
1,14,108.14 |
1,04,366.06 |
|
LIABILITIES AND EQUITY |
|
|
|
LIABILITIES |
|
|
|
Financial Liabilities |
|
|
|
Trade Payables |
|
|
|
(i) total outstanding dues of micro enterprises and small |
- |
- |
|
enterprises |
|
|
|
(ii) total outstanding dues of creditors other than micro |
489.29 |
462.55 |
|
enterprises and small enterprises |
|
|
|
Debt Securities |
14,641.10 |
12,224.08 |
|
Borrowings (Other than Debt Securities) |
49,983.76 |
48,064.97 |
|
Deposits |
18,011.68 |
15,064.14 |
|
Other financial liabilities |
2,543.93 |
1,924.93 |
|
Non-Financial Liabilities |
|
|
|
Current Tax liabilities (Net) |
143.04 |
140.66 |
|
Provisions |
407.11 |
360.26 |
|
Other non-financial liabilities |
364.63 |
210.28 |
|
EQUITY |
|
|
|
Equity Share capital |
1,233.68 |
1,233.68 |
|
Other Equity |
26,289.92 |
24,680.51 |
|
Total Liabilities and Equity |
1,14,108.14 |
1,04,366.06 |
|
Particulars |
2023 |
2022 |
|
I) Revenue from operations |
|
|
|
i) Interest Income |
20,605.04 |
15,888.76 |
|
ii) Dividend Income |
0.07 |
0.05 |
|
iii) Fee & Commission Income |
1,060.70 |
1,630.48 |
|
iv) Net gain on fair value changes |
10.34 |
8.73 |
|
v) Other operating Income |
112.78 |
22.29 |
|
I) Total Revenue from operations |
21,788.93 |
17,550.31 |
|
II) Other Income |
7.23 |
9.59 |
|
III) Total Income (I+II) |
21,796.16 |
17,559.90 |
|
IV) Expenses |
|
|
|
i) Finance Costs |
9,994.54 |
9,021.06 |
|
ii) Impairment on financial instruments |
3,067.99 |
964.44 |
|
iii) Employee Benefits Expenses |
3,482.28 |
2,638.91 |
|
iv) Depreciation, amortization and impairment |
396.44 |
237.04 |
|
v) Other expenses |
2,682.13 |
2,461.04 |
|
IV) Total Expenses |
19,623.38 |
15,322.49 |
|
V) Profit before tax (IV-III) |
2,172.78 |
2,237.41 |
|
VI) Tax Expense: |
|
|
|
i) - Current Tax |
760 |
715 |
|
ii) - Deferred Tax |
-295.34 |
-219.56 |
|
VII) Profit for the year (V-VI) |
1,708.12 |
1,741.97 |
|
VIII) Other Comprehensive Income |
|
|
|
A) Items that will not be reclassified to profit or loss |
|
|
|
i) Re-measurement gains / (losses) on defined benefit plans |
1.53 |
-73.61 |
|
ii) Income tax impact |
-0.38 |
-18.53 |
|
B) Items that will be reclassified to profit or loss |
- |
- |
|
VIII) Other Comprehensive Income for the year |
1.15 |
-92.14 |
|
IX) Total Comprehensive Income for the year |
1,709.27 |
1,649.83 |
|
X) Earnings per equity share |
|
|
|
i) Basic (INR) |
13.85 |
17.28 |
|
ii) Diluted (INR) |
13.79 |
17.18 |
|
Particulars |
2023 |
2022 |
|
A. Cash flow from operating activities |
|
|
|
Profit before tax |
2,172.78 |
2,237.41 |
|
Adjustments for: |
|
|
|
Depreciation and amortisation expense |
396.44 |
237.04 |
|
ESOP expense |
23.47 |
40.62 |
|
Provision for Defined Benefit Obligation |
60.71 |
33.65 |
|
Finance cost |
526.23 |
377.45 |
|
Interest Income on Security Deposit |
-4.44 |
-4.99 |
|
Interest income on investment |
-106.63 |
-86.2 |
|
Net gain on fair value changes in Investment |
-13.69 |
-2.02 |
|
Profit on sale of investment |
0 |
-6.71 |
|
Gain on termination of lease |
-0.1 |
-4.33 |
|
Income on Mutual Funds |
0 |
0.24 |
|
Impairment on financial instruments |
3,067.99 |
964.44 |
|
Profit on sale of property, plant and equipment (Net) |
-2.86 |
-0.19 |
|
Operating profit before working capital changes |
6,119.90 |
3,786.41 |
|
Changes in working capital |
|
|
|
Increase/ (decrease) in trade payables |
26.74 |
37.21 |
|
Increase/ (decrease) in other financial liabilities |
-466.13 |
-83.31 |
|
Increase/ (decrease) in provisions and other liabilities |
142.02 |
70.04 |
|
(Increase)/ decrease in other financial assets |
-74.59 |
-1,070.46 |
|
(Increase)/ decrease in Loans |
-13,346.79 |
-16,949.93 |
|
(Increase)/ decrease in other assets |
12.74 |
0.06 |
|
Cash generated from/(used in) operations |
-7,586.13 |
-14,209.98 |
|
Income tax paid |
-757.42 |
-648.42 |
|
Net cash used in operating activities (A) |
-8,343.54 |
-14,858.40 |
|
B. Cash flow from Investing activities |
|
|
|
Payment for property, plant and equipment, intangible assets and |
-213.86 |
-191.83 |
|
Capital Work-in-progress |
|
|
|
Change in Other Bank balances not available for Immediate use |
2,790.93 |
3,102.97 |
|
Proceeds from sale of property plant and equipment |
3.36 |
0.34 |
|
Purchase of investment |
-346.3 |
-400.42 |
|
Proceeds from sale of Investments |
90 |
20.55 |
|
Interest received |
106.75 |
90 |
|
Net cash used in investing activities (B) |
2,430.89 |
2,621.61 |
|
C. Cash flow from Financing activities |
|
|
|
Proceeds from Bank & Financial Institution Borrowing |
4,913.49 |
-740.79 |
|
(Net of Repayments) |
|
|
|
Debt Securities issued |
2,298.53 |
123.8 |
|
Deposits taken (Net of Repayments) |
2,947.54 |
3,745.75 |
|
Capital raised |
0 |
232.9 |
|
Premium received on issue of shares |
0 |
9,767.10 |
|
Expenses related to Issue of Shares Dividend Paid |
0 |
-318.59 |
|
Repayment of lease liabilities |
-123.37 |
-100.06 |
|
|
-401.22 |
-139.01 |
|
Net cash used generated from financing activities (C) |
9,634.98 |
12,571.10 |
|
Net increase in cash and cash equivalents (A+B+C) |
3,722.33 |
334.31 |
|
Cash and cash equivalents at the beginning of the year |
4,614.84 |
4,280.54 |
|
Cash and cash equivalents at the end of the year |
8,337.17 |
4,614.84 |
Certainly, here is a summary of the Cash Flow Statement for the years 2023 and 2022:
Cash Flow from Operating Activities
- In 2023, the company reported a profit before tax of Rs. 2,172.78 million, and after various adjustments, the cash generated from operations amounted to a net cash outflow of Rs. -8,343.54 million. The significant adjustments included depreciation, finance costs, and impairment on financial instruments.
- In 2022, the company had a profit before tax of Rs. 2,237.41 million. However, after adjustments and changes in working capital, the net cash used in operating activities was Rs. -14,858.40 million.
Cash Flow from Investing Activities
- In 2023, the company invested in property, plant, equipment, and capital work-in-progress, resulting in a net cash outflow of Rs. 2,430.89 million. There were also proceeds from the sale of property, plant, and equipment and investments.
- In 2022, the company had a net cash outflow of Rs. 2,621.61 million from investing activities, primarily due to investments and capital work-in-progress.
Cash Flow from Financing Activities
- In 2023, the company generated a net cash inflow of Rs. 9,634.98 million from financing activities, including proceeds from bank borrowings, debt securities issued, and deposits taken. There was also a repayment of lease liabilities.
- In 2022, the company had a net cash inflow of Rs. 12,571.10 million from financing activities, mainly driven by premium received on the issue of shares, deposits taken, and bank borrowings.
Net Increase in Cash and Cash Equivalents
- In 2023, there was a net increase in cash and cash equivalents of Rs. 3,722.33 million.
- In 2022, the net increase in cash and cash equivalents was Rs. 334.31 million.
Cash and Cash Equivalents
- The company had cash and cash equivalents of Rs. 8,337.17 million at the end of 2023, showing an increase from the beginning of the year.
- At the end of 2022, the company had cash and cash equivalents of Rs. 4,614.84 million.
|
Particulars |
2023 |
2022 |
|
Capital to risk-weighted assets ratio (CRAR) Tier I CRAR |
25.90% |
28.51% |
|
Tier II CRAR |
0.43% |
0.33% |
|
Liquidity Coverage Ratio |
164.62% |
170.54% |
Here is a summary of the financial and operational metrics for Berar Finance Limited
Capital to Risk-Weighted Assets Ratio (CRAR)
- In 2023, the Capital to Risk-Weighted Assets Ratio (CRAR) for Berar Finance Limited was reported at 25.90%. This indicates that the company had sufficient capital to cover its risk-weighted assets, ensuring financial stability and regulatory compliance.
- In 2022, the CRAR was slightly higher at 28.51%, showing a strong capital position in the previous year.
Tier I CRAR
- In 2023, the Tier I CRAR was reported at 25.90%. Tier I capital consists of core capital, such as common equity, and is an important measure of a bank 's financial strength.
- In 2022, the Tier I CRAR was 28.51%, indicating a slightly higher proportion of core capital in the previous year.
Tier II CRAR
- In 2023, the Tier II CRAR was 0.43%. Tier II capital includes subordinated debt and other instruments that provide additional cushion to absorb losses.
- In 2022, the Tier II CRAR was 0.33%, showing a marginal increase in this category from the previous year.
Liquidity Coverage Ratio (LCR)
- In 2023, the Liquidity Coverage Ratio (LCR) was reported at 164.62%. The LCR measures a bank 's ability to meet short-term obligations with high-quality liquid assets. A ratio above 100% indicates a strong liquidity position.
- In 2022, the LCR was 170.54%, which also signifies a robust liquidity position, although it was slightly higher in the previous year.
