| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Incred Holdings Limited |
|
Particulars |
2023 |
2022 |
|
ASSETS |
|
|
|
(1) Financial assets |
|
|
|
(a)Cash and cash equivalents |
34,472.39 |
5,505.98 |
|
(b)Bank balance other than cash and cash equivalents |
4,795.43 |
2,991.36 |
|
(c)Derivative financial instruments |
1,388.54 |
1,181.05 |
|
(d)Receivables |
|
|
|
(I)Trade receivables |
2.45 |
108.34 |
|
(II)Other receivables |
|
|
|
(e)Loans |
-5,40,525.05 |
-3,73,226.42 |
|
(f)Investments |
7,034.28 |
8,119.65 |
|
(g)Other financial assets |
7,953.30 |
2,754.80 |
|
|
5,96,171.44 |
3,93,887.60 |
|
(2)Non-financial assets |
|
|
|
(a)Current tax assets (net) |
5,039.07 |
1,209.98 |
|
(b)Deferred tax assets (net) |
47,707.12 |
2,038.67 |
|
(c)Property, plant and equipment |
4,359.35 |
3,479.68 |
|
(d)Capital work-in-progress |
161.79 |
293.95 |
|
(e)Goodwill |
6,778.74 |
652.65 |
|
(f)Other intangible assets |
666.43 |
433.27 |
|
(g)Other non-financial assets |
6,996.43 |
1,468.76 |
|
|
71,708.93 |
9,576.96 |
|
Total assets |
6,67,880.37 |
4,03,464.56 |
|
LIABILITIES AND EQUITY LIABILITIES |
|
|
|
(1) Financial liabilities |
|
|
|
(a) Derivative financial liabilities |
727.43 |
186.87 |
|
(b) Debt securities |
1,15,190.08 |
1,06,523.77 |
|
(c) Borrowings (other than debt securities) |
2,71,246.87 |
1,75,065.49 |
|
(d) Other financial liabilities |
21,108.44 |
8,198.31 |
|
|
4,08,272.82 |
2,89,974.44 |
|
(2) Non-financial liabilities |
|
|
|
(a)Provisions |
2,766.29 |
324.46 |
|
(b)Deferred tax liabilities (net) |
- |
728.89 |
|
(c)Other non-financial liabilities |
2,061.37 |
918.07 |
|
|
4,827.66 |
1,971.42 |
|
EQUITY |
|
|
|
(a)Equity share capital |
59,523.54 |
19,275.85 |
|
(b)Other equity |
1,95,256.35 |
92,242.85 |
|
|
2,54,779.89 |
1,11,518.70 |
|
Total liabilities and equity |
6,67,880.37 |
4,03,464.56 |
|
Particulars |
2023 |
2022 |
|
Revenue From operations |
|
|
|
(i) Interest income |
82,296.77 |
47,340.06 |
|
(ii) Dividend income |
25.18 |
-336.68 |
|
(iii) Net gain on derecognition of financial instruments under amortised cost category |
1,560.88 |
1,022.24 |
|
(iv) Fees and commission income |
2,180.55 |
104.17 |
|
(v) Net (loss)/gain on fair value changes |
501.76 |
|
|
(I) Total revenue from operations |
86,565.14 |
48,803.15 |
|
(II) Other income |
1,505.48 |
3,624.09 |
|
(III) Total income (I + II) |
88,070.62 |
52,427.24 |
|
Expenses |
|
|
|
(i) Finance costs |
35,601.91 |
21,946.81 |
|
(ii) Net loss on derecognition of financial instruments under amortised cost category |
25 |
1,045.87 |
|
(iii) Impairment on financial instruments |
-2,423.77 |
4,352.02 |
|
(iv) Employee benefit expenses |
19,222.80 |
13,921.43 |
|
(v) Depreciation and amortisation |
1,326.78 |
1,227.80 |
|
(vi) Other expenses |
9,189.41 |
5,326.87 |
|
(IV) Total expenses |
62,942.13 |
47,820.80 |
|
(V) Profit before share of loss of Associates (III - IV) |
25,128.49 |
4,606.44 |
|
(VI) Share of loss of associates |
10.14 |
420.9 |
|
(VII) Profit before exceptional items and tax (V - VI) |
25,118.35 |
4,185.54 |
|
(VIII) Exceptional item |
6,021.94 |
- |
|
(IX) Profit before tax (VII - VIII) |
19,096.41 |
4,185.54 |
|
Tax Expense: |
|
|
|
(1) Current Tax |
|
|
|
(2) Tax pertaining to previous years |
467.86 |
1,358.99 |
|
(3) Deferred Tax |
-7,722.13 |
-256.21 |
|
(X) Total Tax Expense |
8,189.99 |
1,102.78 |
|
(XI) Profit for the year (IX - X) |
10,906.42 |
3,082.76 |
|
(XII) Other comprehensive income |
|
|
|
(A) (i) Items that will not be reclassified to profit or loss |
-62.34 |
-94.84 |
|
(a) Remeasurement gain/(loss) of the defined benefit plans |
15.92 |
23.87 |
|
(ii) Income tax relating to items that will not be reclassified to profit or loss Subtotal (A) |
-46.42 |
-70.97 |
|
(B) Items that will be reclassified to profit or loss |
|
|
|
(a) Debt instruments through other comprehensive income |
-73.59 |
-120.3 |
|
(b) The effective portion of gains and loss on hedging instruments in a cash flow hedge |
129.99 |
103.74 |
|
(ii) Income tax relating to items that will be reclassified to profit or loss |
-13.87 |
4.17 |
|
Subtotal (B) |
42.53 |
-12.39 |
|
Other comprehensive income (A + B) |
-3.89 |
-83.36 |
|
(XIII) Total comprehensive income for the year (XI + XII) Profit is attributable to: |
10,902.53 |
2,999.40 |
|
Owners of the Group |
10,905.81 |
3,082.76 |
|
Non controlling interests |
0.61 |
- |
|
Other Comprehensive Income is attributable to: |
|
|
|
Owners of the Group |
-3.89 |
-83.36 |
|
Non controlling interests |
- |
- |
|
Total Comprehensive Income is attributable to: |
|
|
|
Owners of the Group |
10,901.92 |
2,999.40 |
|
Non controlling interests |
0.61 |
- |
|
(XIV) Earnings per equity share (Face Value : Rs. 10 per share) |
|
|
|
Basic (Rs.) |
1.85 |
0.8 |
|
Diluted (Rs.) |
1.81 |
0.79 |
|
Particulars |
2023 |
2022 |
|
Cash flow from operating activities |
|
|
|
Profit / (Loss) before tax |
19,096.41 |
4,185.54 |
|
Adjustments to reconcile net profit to net cash generated from / (used in) operating activities |
|
|
|
Depreciation, amortization and impairment |
1,326.78 |
813.72 |
|
Loss on sale of property, plant and equipment |
10.4 |
3.4 |
|
Net (gain) on fair value changes |
-499.12 |
-104.17 |
|
Impairment of Goodwill |
16,585.12 |
- |
|
Net gain on derecognition of financial instruments |
-1,535.88 |
- (47,340.06) |
|
Interest Income |
-82,296.77 |
21,562.20 |
|
Finance Cost |
35,399.59 |
4,350.54 |
|
Impairment on financial instruments |
-1,155.09 |
60.92 |
|
Retirement Benefit expenses |
139.3 |
2,446.59 |
|
Share based payment to employees |
3,765.87 |
420.9 |
|
Share in loss of associate |
10.14 |
|
|
Operating cash flow before working capital changes |
-9,153.25 |
-13,600.42 |
|
Working capital adjustments |
|
|
|
(Increase) / decrease in other trade receivables |
105.89 |
-99.87 |
|
(Increase) in loans |
-1,13,268.76 |
-1,22,227.31 |
|
(Increase) in other financial assets |
-4,296.83 |
-902.32 |
|
(Increase) in other non financial assets |
-1,952.74 |
14.03 |
|
Increase in other financial liabilities |
6,528.20 |
1,817.10 |
|
Increase in provisions |
549.92 |
0.38 |
|
Increase in other non financial liabilities |
401.16 |
401.47 |
|
Cash (used in) / generated from operations |
-1,21,086.41 |
-1,34,596.94 |
|
Interest received on loans |
80,643.89 |
45,746.63 |
|
Interest paid on borrowings and debt |
-34,973.42 |
-21,562.20 |
|
Income taxes paid |
2,811.54 |
-1,831.74 |
|
Net cash (used in) / generated from operating activities |
-72,604.40 |
-1,12,244.25 |
|
Cash flow generated from investing activities |
|
|
|
(Purchase) / Sale of property, plant and equipment |
-1,940.49 |
-496.34 |
|
(Purchase) / Sale of intangibles assets |
-466.95 |
-107.08 |
|
(Addition) / Deletion of Capital work-in-progress |
132.16 |
-279.45 |
|
Investment in associate |
4,276.47 |
-999.4 |
|
Proceeds from business combination |
39,431.81 |
- |
|
Purchase of investments |
-46,211.16 |
-61,273.28 |
|
Proceeds from sale of investments |
45,939.88 |
66,880.30 |
|
Investment in term deposits |
-1,37,589.04 |
-57,680.30 |
|
Proceeds from maturity of term deposits earmarked with banks |
1,35,784.97 |
55,277.40 |
|
Net cash (used in) / generated from investing activities |
39,357.65 |
1,321.85 |
|
Cash flow generated from financing activities |
|
|
|
Issue of equity shares (including securities premium) |
1,349.35 |
671.64 |
|
Reversal of rent expense |
-604.4 |
-441.55 |
|
Proceeds / (Repayment) of borrowings (other than debt securities) |
54,006.69 |
81,295.65 |
|
Proceeds / (Redemption) of debt securities |
8,666.31 |
32,696.74 |
|
Net cash (used in) / generated from financing activities |
63,417.95 |
1,14,222.48 |
|
Net increase / (decrease) in cash and cash equivalents |
30,171.20 |
3,300.08 |
|
Cash and cash equivalents at the beginning of the year |
2,788.93 |
-511.15 |
|
Cash and cash equivalents at the end of the year |
32,960.13 |
2,788.93 |
Certainly, here is a summary of the Cash Flow Statement for the years 2023 and 2022:
In 2023, the company 's cash flow from operating activities saw significant changes compared to 2022. The operating cash flow before working capital changes improved notably, rising from a negative value of -13,600.42 in 2022 to -9,153.25 in 2023. However, working capital adjustments led to a decrease in cash generated from operations, with a larger increase in loans, other financial liabilities, and provisions compared to the previous year.
Interest income substantially dropped from 21,562.20 in 2022 to -82,296.77 in 2023, impacting the overall operating cash flow. Meanwhile, interest received on loans increased significantly, but interest paid on borrowings and debt also rose, albeit not as significantly.
The net cash generated from operating activities decreased from -1,12,244.25 in 2022 to -72,604.40 in 2023, showing some improvement but still remaining in the negative.
In investing activities, there were fluctuations in the purchase/sale of various assets and investments. Notably, investments in associates and proceeds from business combinations significantly impacted the cash flow in 2023.
Financing activities in 2023 showed a considerable increase in proceeds/(repayment) of borrowings and debt securities compared to the previous year. Additionally, issues of equity shares and the reversal of rent expenses contributed to changes in cash flow.
Despite these fluctuations, the company managed to increase its cash and cash equivalents from 2,788.93 in 2022 to 32,960.13 in 2023, reflecting a significant positive change in the net increase/(decrease) in cash and cash equivalents.
