| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Fincare Business Services Limited |
|
Particulars |
31 March 2023 |
31 March 2022 |
|
ASSETS |
|
|
|
Financial assets |
- |
- |
|
Cash and cash equivalents |
7,467.00 |
11,858.00 |
|
Bank balances other than Cash and Cash equivalent |
258.00 |
503.00 |
|
Trade receivables |
50.00 |
41.00 |
|
Loans |
95305 |
69953 |
|
Investments |
25596 |
21186 |
|
Other financial assets |
2685 |
3539 |
|
Non-Financial assets |
- |
- |
|
Current tax assets (Net) |
685 |
202 |
|
Deferred tax assets (Net) |
1190 |
1435 |
|
Property, plant and equipment |
1,470.00 |
1,040.00 |
|
Capital work-in-progress |
3 |
1 |
|
Other intangible assets |
13 |
15 |
|
Goodwill |
418 |
418 |
|
Other non-financial assets |
376 |
294 |
|
TOTAL ASSETS |
1,35,516.00 |
1,10,485.00 |
|
EQUITY AND LIABILITIES |
- |
- |
|
Financial liabilities |
- |
- |
|
Trade payables |
467.00 |
366.00 |
|
Borrowings |
37,918.00 |
30,367.00 |
|
Deposits |
80,301.00 |
64,513.00 |
|
Subordinated liabilities |
1,743.00 |
1,996.00 |
|
Other financial liabilities |
2,081.00 |
1,817.00 |
|
Non-Financial liabilities |
- |
- |
|
Provisions |
267.00 |
177 |
|
Contract liabilities |
251.00 |
191 |
|
Other Non financial Liabilities |
168.00 |
138 |
|
Equity |
|
|
|
Equity share capital |
330.00 |
330.00 |
|
Other equity |
9,406.00 |
8,324.00 |
|
Equity attributable to Equity holders of the Parent Company |
9,735.00 |
8,654.00 |
|
Non-controlling interest |
2,584.00 |
2,266.00 |
|
TOTAL EQUITY AND LIABILITIES |
1,35,516.00 |
1,10,485.00 |
|
PARTICULARS |
31 March 2023 |
31 March 2022 |
|
Revenue from operations |
|
|
|
Interest Income |
17,752.00 |
15,865.00 |
|
Fee and commission income |
838.00 |
577.00 |
|
Other operating income |
275 |
589 |
|
Other Income |
101 |
49 |
|
Total income |
18,966.00 |
17,079.00 |
|
Finance costs |
6,665.00 |
5,799.00 |
|
impairment on financial instruments |
2,509.00 |
5,285.00 |
|
Employee benefits expense |
5,695.00 |
4,138.00 |
|
Depreciation and amortization expense |
412 |
362 |
|
Other expenses |
2,657.00 |
1,942.00 |
|
Total expenses |
17,938.00 |
17,525.00 |
|
Profit/(Loss) before income tax |
1,028.00 |
-446.00 |
|
Prior year tax |
46.00 |
- |
|
Current tax |
80 |
240 |
|
Deferred tax |
79 |
-394 |
|
Profit/(Loss) for the year |
823.00 |
-292.00 |
|
Items that will be reclassified to profit and loss |
|
|
|
Changes in fair value of investments |
659 |
-678 |
|
Income tax relating to above item |
-166 |
171 |
|
Other comprehensive income for the year, net of tax |
495 |
-506 |
|
Total comprehensive income for the year |
1,317.00 |
-798 |
|
Profit/(Loss) for the year attributable to: |
|
|
|
Owners of the Company |
628.00 |
-240 |
|
Non-controlling interest |
194.00 |
-52 |
|
Other Comprehensive Income attributable to |
|
|
|
Owners of the Company |
389.00 |
-398 |
|
Non-controlling interest |
106.00 |
-108 |
|
Total Comprehensive Income attributable to: |
|
|
|
Owners of the Company |
1,017.00 |
-637 |
|
Non-controlling interest |
300.00 |
-160 |
|
Earnings per equity share (in INR) |
|
|
|
Basic |
1.91 |
-0.73 |
|
Diluted |
1.87 |
-0.73 |
|
Particulars |
31 March 2023 |
31 March 2022 |
|
Cash flows from operating activities |
|
|
|
Profit / (Loss) before tax for the year |
1,028.00 |
-446.00 |
|
Adjustments for: |
|
|
|
Depreciation and amortisation |
412.00 |
362.00 |
|
Profit / (Loss) on sale of investment |
61.00 |
-28.00 |
|
Amortisation of Investments |
69.00 |
18.00 |
|
Loan Portfolio written off |
5,516.00 |
3,695.00 |
|
Employee stock option expense |
82.00 |
59.00 |
|
Provision on portfolio loans |
-2,249.00 |
1,632.00 |
|
Provision for other contingencies |
37.00 |
- |
|
Provision / depreciation - Investments |
45.00 |
56.00 |
|
Interest accrued on securitized assets |
1.00 |
- |
|
Interest accrued on Advances |
368.00 |
-725.00 |
|
Interest accrued on loan to FEWT |
- |
-1.00 |
|
Amortization of upfront fees / premium on securitisation |
362.00 |
169.00 |
|
Fair valuation of financial instruments under amortised cost category |
-7.00 |
-3.00 |
|
Interest expense on lease obligation |
87.00 |
60.00 |
|
Deferral of debit card income / (expense) |
55.00 |
46.00 |
|
Unrealized gain / loss on fair valuation of investments |
- |
9.00 |
|
Provision for IPO expenses |
6.00 |
- |
|
Balances written off |
34.00 |
- |
|
Remeasurement of defined benefit obligations reclassified to other comprehensive income |
2.00 |
2.00 |
|
Operating profit before working capital changes |
5,910.00 |
4,905.00 |
|
Increase in deposits |
15,770.00 |
11,384.00 |
|
(Increase) in investments |
-2,044.00 |
-6,305.00 |
|
(Increase) in loans and advances |
-28,595.00 |
-19,801.00 |
|
(Increase) / decrease in other financial and non financial assets |
790.00 |
-2,390.00 |
|
Increase / (decrease) in other financial and non financial liabilities |
493.00 |
1,316.00 |
|
Cash generated by operations |
-7,676.00 |
-10,890.00 |
|
Direct taxes (paid)/Refund |
-612.00 |
-396.00 |
|
Net cash generated by operating activities |
-8,288.00 |
-11,287.00 |
|
Cash flows from investing activities |
|
|
|
Purchase of mutual funds |
- |
-500.00 |
|
Purchase of investments in Govt Securities |
-2,452.00 |
-3,467.00 |
|
Proceeds from maturity of investments in Govt Securities |
570.00 |
916.00 |
|
Proceeds from sale of mutual funds |
- |
620.00 |
|
Term money lending (including related party advances) |
- |
-101.00 |
|
Proceeds from term money lending (Net) |
- |
164.00 |
|
Purchase of property, plant and equipment |
-355.00 |
-265.00 |
|
Proceeds from sale of property, plant and equipment |
1.00 |
1.00 |
|
Interest received on loan to related party |
- |
7.00 |
|
Maturity / (Placement) of fixed deposits |
6.00 |
-33.00 |
|
Net cash flow (used in) / generated from investing activities |
-2,230.00 |
-2,658.00 |
|
Cash flows from financing activities |
|
|
|
Proceeds from issuance of equity share capital |
- |
1,744.00 |
|
Proceeds from borrowing under the LAF segment |
- |
5,400.00 |
|
Repayment of borrowing under the LAF segment |
-560.00 |
- |
|
Proceeds from borrowings (other than debt securities) |
10,280.00 |
13,580.00 |
|
Repayment of borrowings (other than debt securities) |
-3,071.00 |
-6,158.00 |
|
Payment of lease obligation |
-225.00 |
-198.00 |
|
Redemption of subordinate debt securities |
-297.00 |
- |
|
Net cash flow generated from / (used in) financing activities |
6,127.00 |
14,367.00 |
|
Net increase/(decrease) in cash and cash equivalents during the year |
-4,391.00 |
422.00 |
|
Cash and cash equivalents at the beginning of the year |
11,858.00 |
11,436.00 |
|
Cash and cash equivalents at the end of the year |
7,467.00 |
11,858.00 |
Operating Activities:
Profit/Loss Before Tax (PBT): The company 's profit before tax increased significantly from a loss of -446.00 in 2022 to a profit of 1,028.00 in 2023, indicating improved operational performance.
Adjustments: Various adjustments were made to reconcile net income to cash generated from operations. These adjustments include depreciation, profit/loss on investment sales, amortization, provision for loan losses, and employee stock option expenses.
Operating Profit Before Working Capital Changes: This figure increased from 4,905.00 in 2022 to 5,910.00 in 2023, indicating improved operational efficiency.
Working Capital Changes: The company experienced increases in deposits, investments, loans, and advances, along with other financial and non-financial assets and liabilities. These changes reflect the company 's investment and lending activities, as well as changes in its financial position.
Net Cash Generated by Operating Activities: Despite the increase in operating profit, the net cash generated from operating activities decreased from -11,287.00 in 2022 to -8,288.00 in 2023, primarily due to changes in working capital and other operational adjustments.
Investing Activities:
Purchase/Sale of Investments: The company made investments in government securities and mutual funds, and also engaged in term money lending. Additionally, it purchased and sold property, plant, and equipment. These activities represent the company 's investment strategies and capital expenditures.
Net Cash Flow from Investing Activities: The net cash flow used in investing activities decreased from -2,658.00 in 2022 to -2,230.00 in 2023, indicating reduced investment outflows compared to the previous year.
Financing Activities:
Equity and Debt Transactions: The company raised funds through equity share capital issuance and borrowings under various segments. It also repaid borrowings and lease obligations. Additionally, there were redemptions of subordinate debt securities.
Net Cash Flow from Financing Activities: The net cash flow generated from financing activities decreased significantly from 14,367.00 in 2022 to 6,127.00 in 2023, primarily due to reduced borrowing activities and repayments.
Overall Cash Position:
Net Increase/Decrease in Cash: Despite the decrease in net cash generated from operating, investing, and financing activities, the net increase/decrease in cash improved from -4,391.00 in 2022 to 422.00 in 2023.
Cash and Cash Equivalents: The company ended the year with cash and cash equivalents of 7,467.00 in 2023, compared to 11,858.00 in 2022. This decrease may reflect the company 's utilization of cash for investments, debt repayments, and operational needs.
|
Particulars |
2023 |
2022 |
|
Dividend (final + interim) (In Rs.) |
- |
- |
|
Retained Earnings (In Millions) |
1,674 |
1,342 |
