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Fincare SFBL Annual Reports, Balance Sheet and Financials

Fincare Small Finance Bank Limited (Fincare SFBL) Return Comparision with Primex 40 Index

Periods 1 Week 1 Month 3 Months 6 Months 1 Year 3 Years All Time
Primex-40
Fincare Small Finance Bank Limited

Fincare Small Finance Bank Limited Balance Sheet (In Rs. Lakhs)

Particulars

31st March 2023

31st March 2022

31st March 2021

Assets

 

   

Cash and balances with RBI

65,438

1,11,679

1,03,650

Balances with banks and money at call and short notice

11,781

11,917

11,913

Investments

2,52,284

2,15,163

1,27,936

Advances

8,70,242

7,03,637

5,30,112

Fixed assets

5631

4,234

3,619

Other Assets

41,393

43,960

19,557

Total Assets

12,46,769

10,90,590

7,96,787

Capital and Liabilities

 

   

Capital

22,078

22,078

6,361

Employees stock options outstanding

1458

638

100

Reserves and surplus

1,07,835

97,470

95,330

Deposits

8,03,319

6,45,558

5,31,850

Borrowings

2,78,400

2,94,354

1,40,043

Other liabilities and provisions

33,679

30,492

23,103

Total Capital & Liabilities

12,46,769

10,90,590

7,96,787

Fincare Small Finance Bank Limited Profit & Loss Statement (In Rs. Lakhs)

Particulars

2023

2022

2021

Revenue from Operations

1,74,412

1,44,587

1,25,103

EBITDA

78,675

62,216

73,980

EBITDA margins

45.10%

43.03%

59.13%

Finance Cost

65,368

56,978

55,005

Depreciation

2,140

2,012

1,701

Other Income

22,668

20,178

12,568

Exceptional items

-

-

-

Total Tax

803

2,339

5,960

Profit After Tax 

10,364

887

11,314

PAT Margin

5.94%

0.61%

9.04%

EPS (Basic & Diluted)

4.68

0.38

5.55

Fincare Small Finance Bank Limited Cash Flow Statement for the last three years (In Rs. Lakhs)

Particulars

Year  ended 31, March 2023

Year  ended 31, March 2022

Year ended March 31, 2021

A. Cash flows from operating activities:

     

Net Profit before tax

12,997

575

14,642

Adjustments for :

     

Depreciation and amortisation expenses

2,140

2,012

1,701

Employee Stock Option Compensation

819

538

100

Amortisation of premium on SLR1 investments in HTM2 category

1,081

1,032

685

(Profit)/loss on disposal of fixed assets

(2)

3

(1)

Loan portfolio written off

55,159

36,951

3,393

Provision for Advances

(16,268)

6,002

18,572

Provision for other contingencies

364

22

(267)

Provision for Investments

451

561

(5)

(Profit) on sale of investment in SLR1 securities

(29)

(540)

(122)

Loss on sale of investment in SLR1 securities

642

284

99

(Profit) on sale of investment in mutual funds

-

(19)

(29)

Operating profit before working capital changes

57,354

47,421

38,768

Adjustments for :

     

Increase in deposits

157,702

113,708

66,457

Increase/(decrease) in other liabilities

4,926

13,186

4,090

(Increase) in investments (net)

(20,442)

(63,049)

(27,897)

(Increase) in advances

(206,909)

(222,298)

(69,968)

(Increase)/decrease in fixed deposits

2,456

(3,752)

(516)

(Increase) in other assets

5,422

(20,138)

(21)

Cash Flows from/(used in) operating activities

509

(134,922)

10,913

Refund/(Payment) of direct taxes(Including Tax Deducted at Source)

(6,115)

(3,954)

(6,129)

Net cash flows from/(used in) operating activities

(5,606)

(138,876)

4,784

B. Cash flows from / (used in) investing activities:

     

Purchase of fixed assets

(3,547)

(2,636)

(1,292)

Proceeds from sale of fixed assets

12

7

9

Purchase of investments in mutual funds

-

(5,000)

(18,000)

Purchase of investments in Govt Securities (HTM2)

(24,524)

(34,673)

-

Proceeds from maturity of investments in Govt Securities (HTM2)

5,700

9,158

-

Proceeds from sale of investments in mutual funds

-

5,019

18,029

Proceeds from term money lending

-

-

(3,999)

Net cash flows from/(used in) investing activities

(22,359)

(28,125)

(5,253)

C.  Cash flows from / (used in) financing activities:

     

Proceeds from issue of equity shares

-

16,971

-

Proceeds from borrowing under the LAF3 segment

-

54,000

-

Proceeds from loans availed from banks and financial institutions

100,000

135,804

47,000

Repayment of loans non-convertible debenture

(2,500)

-

-

Repayment of loans availed from banks and financial institutions

(107,855)

(35,493)

(39,073)

Repayment of borrowing under the LAF3 segment

(5,600)

-

(4,700)

Net cash flows from/(used in) financing activities

(15,955)

171,282

3,227

Net increase in cash and cash equivalents during the year ended (A+B+C)

(43,920)

4,281

2,758

Cash and cash equivalents at the beginning of the year

118,564

114,283

1,07,526

Cash and cash equivalents at the end of the year*

74,644

118,564

1,10,284

Summary of cash flows for Fincare Small Finance Bank Limited:

Cash Flows from Operating Activities:

- Year ended March 31, 2023: The bank had a net cash outflow of Rs. 5,606 lakhs from operating activities. This includes adjustments for various items such as depreciation, employee stock option compensation, provisions for advances and contingencies, and profit/loss on the disposal of fixed assets and investments.

- Year ended March 31, 2022: The bank had a significant net cash outflow of Rs. 138,876 lakhs from operating activities. This was mainly due to provisions for advances, an increase in deposits, and a decrease in investments and advances.

Cash Flows from Investing Activities:

- Year ended March 31, 2023: The bank had a net cash outflow of Rs. 22,359 lakhs from investing activities. This includes the purchase and sale of fixed assets, investments in mutual funds and government securities, and proceeds from term money lending.

- Year ended March 31, 2022: The bank had a net cash outflow of Rs. 28,125 lakhs from investing activities. This was primarily due to the purchase and sale of fixed assets, investments in mutual funds and government securities.

Cash Flows from Financing Activities:

- Year ended March 31, 2023: The bank had a net cash outflow of Rs. 15,955 lakhs from financing activities. This includes proceeds from loans availed, repayment of loans, and borrowing under the LAF segment.

- Year ended March 31, 2022: The bank had a significant net cash inflow of Rs. 171,282 lakhs from financing activities. This was mainly due to proceeds from the issue of equity shares and borrowing under the LAF segment.

Net Increase in Cash and Cash Equivalents:

- Year ended March 31, 2023: The bank experienced a net decrease of Rs. 43,920 lakhs in cash and cash equivalents during the year.

- Year ended March 31, 2022: The bank had a net increase of Rs. 4,281 lakhs in cash and cash equivalents during the year.

Fincare Small Finance Bank Share Dividend History

Particulars

2023

2022

2021

2020

Dividend per Share

Nil

Nil

Nil

Nil

Fincare Small Finance Bank Limited Recent Financial Performance  

  • Revenue from Operations of the company increased by 20.62% from Rs. 1,44,587 Lakhs in FY 2022 to Rs. 1,74,412 Lakhs in FY 2023.

  • Profit after tax of the company increased by 1068% from Rs. 887 Lakhs in FY 2022 to Rs. 10,364 Lakhs in FY 2023.
  • EBITDA of the company increased by 26.45% from Rs. 62,216 Lakhs in FY 2022 to Rs. 78,675 Lakhs in FY 2023. EBITDA margin inclined from 43.03% to 45.10%.
  • The book value per share of the company as of 31st March, 2023 is Rs. 58.84.
  • The return on equity ratio of the company for the year ended 2023 and 2022 is 8.60% and 0.72% respectively.
  • The Net Interest margin of the company for the year ended 2023 and 2022        is 10.80% and 10.21 % respectively.

 

Annual Report

Fincare Small Finance Bank Annual Report 2022-23

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