| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| IKF Finance Limited |
|
PARTICULARS |
31-Mar-23 |
31-Mar-22 |
|
ASSETS |
|
|
|
Financial assets |
|
|
|
Cash and cash equivalents |
278.17 |
96.64 |
|
Bank Balance other than included above |
60.99 |
25.34 |
|
Loans |
2689.20 |
1892.10 |
|
Investments |
212.48 |
- |
|
Other financial assets |
47.59 |
32.22 |
|
Total Financial assets |
3288.43 |
2046.30 |
|
Non-financial assets |
|
|
|
Current Tax Assets (Net) |
4.01 |
2.01 |
|
Deferred Tax Assets (Net) |
- |
0.70 |
|
Investment Property |
0.72 |
1.14 |
|
Property, Plant and Equipment |
3.63 |
3.43 |
|
Right of use asset |
3.13 |
0.20 |
|
Intangible assets |
2.36 |
1.76 |
|
Goodwill |
7.74 |
7.74 |
|
Other non-financial assets |
33.87 |
10.80 |
|
Total Non-financial assets |
55.47 |
27.79 |
|
Total assets |
3343.90 |
2074.09 |
|
LIABILITIES AND EQUITY |
|
|
|
LIABILITIES |
|
|
|
Derivative financial instruments |
0.05 |
0.59 |
|
Trade payables and other payables |
|
|
|
total outstanding dues of micro enterprises and small enterprises |
- |
- |
|
total outstanding dues of creditors other than micro enterprises and small enterprises |
1.13 |
0.07 |
|
Debt securities |
266.41 |
238.08 |
|
Borrowings (other than debt securities) |
2130.82 |
1321.39 |
|
Subordinated Liabilities |
163.45 |
60.03 |
|
Other financial liabilities |
40.27 |
31.03 |
|
Total Financial liabilities |
2602.13 |
1651.19 |
|
Non-financial liabilities |
|
|
|
Provisions |
2.62 |
3.45 |
|
Deferred tax liabilities (Net) |
4.64 |
1.65 |
|
Other non-financial liabilities |
2.63 |
1.57 |
|
Total Non-financial liabilities |
9.90 |
6.68 |
|
EQUITY |
|
|
|
Equity share capital |
64.58 |
52.66 |
|
Other equity |
659.45 |
357.81 |
|
Non- Controlling Interest |
7.85 |
5.75 |
|
Total liabilities and equity |
3343.90 |
2074.09 |
|
PARTICULARS |
31-Mar-23 |
31-Mar-22 |
|
Revenue From operations |
|
|
|
Interest income |
365.53 |
263.02 |
|
Fees and commission income |
8.91 |
6.60 |
|
Total revenue from operations |
374.44 |
269.62 |
|
Other income |
4.01 |
2.08 |
|
Total income |
378.45 |
271.70 |
|
Expenses |
|
|
|
Finance costs |
192.18 |
136.18 |
|
Net loss on fair value changes |
- |
0.03 |
|
Impairment on financial instruments |
6.28 |
5.13 |
|
Employee benefits expenses |
70.27 |
46.50 |
|
Depreciation, amortization and impairment |
3.42 |
1.90 |
|
Others expenses |
23.82 |
13.56 |
|
Total expenses |
295.96 |
203.31 |
|
Profit before tax |
82.48 |
68.38 |
|
Tax Expense: |
|
|
|
Current Tax |
17.17 |
17.40 |
|
Deferred Tax |
3.66 |
-0.25 |
|
Adjustment of tax relating to earlier periods |
0.13 |
0.10 |
|
Total Tax Expense |
20.96 |
17.25 |
|
Profit for the period |
61.52 |
51.13 |
|
Other comprehensive income |
|
|
|
Items that will not be reclassified to profit or loss (specify items and amounts) |
|
|
|
Remeasurements of the defined benefit plans |
0.18 |
0.13 |
|
Impact of changes in fair value of Financial Instruments |
0.53 |
0.00 |
|
Income tax relating to items that will not be reclassified to profit or loss |
-0.03 |
-0.03 |
|
Other comprehensive income / (loss) |
0.68 |
0.10 |
|
Total comprehensive income for the period |
62.20 |
51.23 |
|
Attributable to: |
|
|
|
Owners of the Company |
61.34 |
50.47 |
|
Non-controlling interest |
0.86 |
0.75 |
|
Earnings per share (equity share, par value of ₹10 each) |
|
|
|
Basic |
11.46 |
9.89 |
|
Diluted |
11.45 |
9.89 |
|
PARTICULARS |
31-Mar-23 |
31-Mar-22 |
|
CASH FLOW FROM OPERATING ACTIVITIES |
|
|
|
Profit before tax |
82.483 |
68.3843 |
|
Adjustments for: |
|
|
|
Depreciation, amortization and impairment |
3.4166 |
1.9023 |
|
Interest Income |
-365.53 |
-263.016 |
|
Interest expenses |
192.176 |
136.1793 |
|
Impairment on financial instrument |
6.2821 |
5.1301 |
|
Net loss on fair value changes |
- |
0.0335 |
|
Share based payment expense |
-0.04 |
-0.0603 |
|
Provision for expenses |
0.0225 |
0.066 |
|
Employee benefit expenses |
-0.3135 |
0.9459 |
|
Rental income on Investment property |
-0.0763 |
-0.0763 |
|
(Profit)/ Loss on sale of property, plant and equipment |
0.0114 |
-0.0007 |
|
(Profit)/ Loss on sale of immovable Property |
0.0315 |
0.061 |
|
Cash generated from / (used in) operations before working capital changes and adjustments for interest received and interest paid |
-81.54 |
-50.4508 |
|
Adjustments for changes in Working Capital: |
|
|
|
Decrease / (Increase) in trade receivable |
- |
-0.1247 |
|
Decrease / (Increase) in loans |
-798.96 |
-381.1726 |
|
Decrease / (Increase) in bank balances other than cash and cash equivalents |
-35.651 |
16.3118 |
|
Decrease / (Increase) in other financial assets |
-2.9793 |
-54.0368 |
|
Decrease / (Increase) in other non-financial assets |
-23.073 |
-6.7852 |
|
(Decrease) / Increase in trade payables |
1.0593 |
-0.1643 |
|
(Decrease) / Increase in other financial liabilities |
6.2606 |
-4.5846 |
|
(Decrease) / Increase in provisions |
0.3369 |
-0.3008 |
|
(Decrease) / Increase in other non-financial liabilities |
1.0622 |
0.0851 |
|
Interest received |
336.01 |
312.9307 |
|
Interest paid |
-193.93 |
-134.5044 |
|
Total of Adjustments for changes in Working Capital: |
-791.4 |
-302.797 |
|
Income tax paid (net of refunds) |
-19.297 |
-18.0525 |
|
Derivative financial instruments |
0.4527 |
- |
|
NET CASH GENERATED FROM / (USED IN) OPERATING ACTIVITIES |
-810.3 |
-320.849 |
|
CASH FLOW FROM INVESTING ACTIVITIES |
|
|
|
Purchase of property, plant and equipment |
-1.3147 |
-1.1486 |
|
Purchase of Investment property |
- |
-2.2411 |
|
Rental income on Investment property |
0.0763 |
0.0763 |
|
Proceeds from sale of property, plant and equipment |
0.0082 |
0.0008 |
|
Proceeds from sale of Investment property |
0.3885 |
1.1 |
|
Purchase of intangible assets |
-1.3738 |
-0.3727 |
|
Purchase of investments in market instruments |
-212.48 |
0 |
|
NET CASH GENERATED FROM / (USED IN) INVESTING ACTIVITIES |
-214.7 |
-2.5854 |
|
CASH FROM FINANCING ACTIVITIES |
|
|
|
Proceeds from issue of equity shares (including securities premium) |
255.068 |
7.1439 |
|
Amount received from debt securities |
70 |
80 |
|
Repayment of debt securities |
-42.499 |
-267.8333 |
|
Amount received from borrowings other than debt securities |
1393.9 |
771.8 |
|
Repayment of borrowings other than debt securities |
-573.4 |
-315.4119 |
|
Amount received from subordinated Liabilities |
140 |
- |
|
Repayment of subordinated debt |
-35 |
- |
|
Payment of principal portion of lease liabilities |
-1.2303 |
-0.3105 |
|
Payment of interest on lease liabilities |
-0.36 |
-0.0379 |
|
NET CASH GENERATED FROM / (USED IN) FROM FINANCING ACTIVITIES |
1206.5 |
275.3503 |
|
Net Increase / (Decrease) in Cash and Cash Equivalents |
181.529 |
-48.0843 |
|
Cash and Cash Equivalents at the beginning of Year |
96.643 |
144.7442 |
|
Cash and Cash Equivalents at the end of the Year |
278.17 |
96.6431 |
Let 's break down the Cash Flow Statement for the years 2023 and 2022
Operating Activities:
Year 2023: In 2023, the net cash generated from operating activities was -810.26, a substantial decrease from the previous year 's -320.85. The adjustments for changes in working capital saw a significant negative impact, particularly in the decrease in loans and other financial assets. Despite an increase in interest received, the company experienced challenges in its operating cash flow.
Year 2022: For 2022, the net cash generated from operating activities was also negative, amounting to -320.85. Adjustments for changes in working capital showed a negative impact, particularly in the decrease in loans and other financial assets. Similar to 2023, there was an increase in interest received, but overall, the company faced operational cash flow challenges.
Investing Activities:
Year 2023: In 2023, the net cash used in investing activities was -214.69, indicating a significant increase in capital expenditures, particularly in the purchase of market instruments. The company also received proceeds from the sale of investment property, offsetting some of the investment outflows.
Year 2022: For 2022, the net cash used in investing activities was -2.59, with notable purchases of property, plant, and equipment and investment property. The company received proceeds from the sale of property, plant, and equipment, partially offsetting the investment outflows.
Financing Activities:
Year 2023: In 2023, the net cash generated from financing activities was 1206.48, indicating a significant influx of cash. This was primarily driven by proceeds from the issue of equity shares, debt securities, and borrowings. The company also made repayments for debt securities and borrowings.
Year 2022: For 2022, the net cash generated from financing activities was 275.35, reflecting a substantial increase in cash. The company received cash from the issue of equity shares, debt securities, and borrowings, with repayments made for debt securities and borrowings as well.
Overall:
In 2023, the company faced challenges in operating cash flow, with increased capital expenditures in investing activities. However, substantial cash was generated from financing activities, resulting in a net increase in cash and cash equivalents of 181.53. In 2022, while facing operational cash flow challenges, the company also saw increased cash generation from financing activities, resulting in a net decrease in cash and cash equivalents of -48.08. The ending cash and cash equivalents for 2023 were 278.17, representing a significant improvement from the beginning of the year, while for 2022, it decreased to 96.64.
Dividend history of IKF Finance Limited (In Rs. Crores)
|
Particulars |
2023 |
2022 |
|
Dividend (final + interim) (In Rs.) |
- |
- |
|
Retained Earnings |
22,518.93 |
18,183.90 |
