| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Utkarsh Coreinvest Limited |
|
Particulars |
As at 31 March 2023 |
As at 31 March 2022 |
|
ASSETS |
|
|
|
Financial assets |
|
|
|
Cash and cash equivalents |
2,512.56 |
1,868.28 |
|
Bank balance other than above |
4.13 |
3.69 |
|
Derivative financial instruments |
- |
- |
|
Loans |
13,548.80 |
9,943.41 |
|
Investments |
2,796.25 |
2,328.45 |
|
Other financial assets |
186.99 |
106.34 |
|
Total |
19,048.73 |
14,250.16 |
|
Non-financial assets |
|
|
|
Current tax assets (net) |
19.05 |
52.70 |
|
Deferred tax assets (net) |
88.36 |
128.36 |
|
Property, plant and equipment |
516.52 |
442.92 |
|
Capital work-in-progress |
1.83 |
0.92 |
|
Other intangible assets |
26.65 |
27.80 |
|
Other non-financial assets |
14.55 |
29.18 |
|
Total |
666.96 |
681.88 |
|
Total assets |
19,715.70 |
14,932.04 |
|
Equity and Liabilities |
|
|
|
Liabilities |
|
|
|
Financial liabilities |
|
|
|
Trade payables |
|
|
|
Total outstanding due to micro and small enterprises |
9.10 |
6.61 |
|
Total outstanding dues of creditors other than micro MSE |
32.91 |
34.30 |
|
Borrowings (other than debt securities) |
2,726.57 |
2,198.76 |
|
Lease liability |
291.10 |
222.67 |
|
Deposits |
14,054.07 |
10,392.49 |
|
Subordinated liabilities |
234.20 |
383.80 |
|
Other financial liabilities |
256.53 |
131.46 |
|
Total |
17,604.48 |
13,370.09 |
|
Non-financial liabilities |
|
|
|
Current tax liabilities (net) |
8.37 |
- |
|
Provisions |
12.04 |
5.84 |
|
Other non-financial liabilities |
14.34 |
11.49 |
|
Total |
34.76 |
17.33 |
|
Equity |
|
|
|
Equity share capital |
98.42 |
98.33 |
|
Other equity |
1,658.59 |
1,217.96 |
|
Equity attributable to equity holders of the parent |
1,757.01 |
1,316.29 |
|
Non controlling interest |
319.45 |
228.34 |
|
Total liabilities and equity |
19,715.70 |
14,932.04 |
|
PARTICULARS |
2023 |
2022 |
|
Revenue from operations |
|
|
|
Interest income |
2,723.06 |
1,960.69 |
|
Fees and commission income |
21.71 |
16.93 |
|
Net gain on fair value changes |
- |
- |
|
Total revenue from operations |
2,744.77 |
1,977.62 |
|
Other income |
193.42 |
117.18 |
|
Total income |
2,938.19 |
2,094.80 |
|
Expenses |
|
|
|
Finance costs |
1,024.71 |
799.30 |
|
Fees and commission expense |
36.20 |
25.15 |
|
Net loss on fair value changes |
1.49 |
3.28 |
|
Impairment on financial instruments |
226.14 |
453.85 |
|
Employee benefits expenses |
572.78 |
437.26 |
|
Depreciation and amortisation |
74.23 |
82.55 |
|
Others expenses |
271.25 |
212.29 |
|
Total expenses |
2,206.79 |
2,013.68 |
|
Profit/(loss) before tax |
731.40 |
81.12 |
|
Tax Expense: |
|
|
|
Current tax |
126.31 |
53.66 |
|
Deferred tax |
51.28 |
-34.75 |
|
Profit for the year |
553.80 |
62.21 |
|
Other comprehensive income |
|
|
|
(i) Items that will not be reclassified to profit or loss |
0.45 |
0.69 |
|
Actuarial gain/(loss) on defined benefit obligation |
-0.11 |
-0.18 |
|
Subtotal (A) |
0.34 |
0.52 |
|
(i) Items that will be reclassified to profit or loss |
|
|
|
Debt securities measured at FVTOCI - reclassified to other comprehensive Income |
-48.16 |
-27.42 |
|
Income tax relating to items that will be reclassified to profit or loss |
11.40 |
6.90 |
|
Subtotal (B) |
-36.77 |
-20.52 |
|
Other comprehensive income (A + B) |
-36.43 |
-20.00 |
|
Total comprehensive income for the year |
517.38 |
42.21 |
|
Profit for the year attributable to : |
|
|
|
Equity holders of the parent |
469.69 |
53.96 |
|
Non-controlling interest |
84.11 |
8.26 |
|
Other comprehensive income for the year attributable to : |
|
|
|
Equity holders of the parent |
-30.88 |
-17.31 |
|
Non-controlling interest |
-5.55 |
-2.70 |
|
Total comprehensive income for the year attributable to : |
|
|
|
Equity holders of the parent |
438.81 |
36.65 |
|
Non-controlling interest |
78.56 |
5.56 |
|
Earnings per equity share ( INR 10.00 each) |
|
|
|
Basic earnings |
56.45 |
6.36 |
|
Diluted earnings |
55.88 |
6.31 |
|
Particulars |
31st March 2023 |
31 March 2022 |
|
I. Cash Flow from Operating Activities |
|
|
|
Net profit before tax |
731.40 |
81.12 |
|
Adjustments for: |
|
|
|
Depreciation and amortisation |
74.23 |
82.55 |
|
Impairment provision/ write offs |
226.14 |
453.85 |
|
Net (gain) / loss in fair value changes |
1.49 |
3.28 |
|
Interest expense |
243.25 |
226.32 |
|
Interest income on investments |
-157.30 |
-166.34 |
|
Modification loss on loans |
- |
16.65 |
|
Employee share based expense |
11.85 |
4.85 |
|
Impairment on non-financial asset |
1.98 |
0.36 |
|
Foreign exchange (loss) |
- |
-0.16 |
|
Operating cash flow before working capital changes |
1,133.04 |
702.49 |
|
Adjustments for: |
|
|
|
(Increase) in loans |
-3,830.18 |
-2,473.32 |
|
(Increase)/ decrease in Derivative Financial Instruments |
- |
0.61 |
|
(Increase) in other financial assets |
-69.29 |
-38.14 |
|
Decrease/ (increase) in other non-financial asset |
7.03 |
-14.30 |
|
Increase in deposits |
3,661.57 |
2,561.38 |
|
Increase in other financial liability |
125.08 |
-2.33 |
|
Increase in other non-financial liability |
2.85 |
2.50 |
|
Increase in trade payables |
1.10 |
40.92 |
|
Increase in provision |
5.30 |
0.05 |
|
Cash generated from operations |
1,036.49 |
779.86 |
|
Income tax paid, net of refunds |
-84.27 |
-55.52 |
|
Net cash generated from operating activities |
952.23 |
724.34 |
|
II. Cash flow from investing activities |
|
|
|
Purchase of property, plant and equipments (including capital work in progress) |
-58.70 |
- |
|
Proceeds from sale of property, plant and equipments |
-131.36 |
- |
|
Purchase of intangible assets |
0.40 |
0.49 |
|
Purchase of investments |
-15.10 |
-15.80 |
|
Sale/(purchase) of non controlling interest |
-2,978.67 |
-1,854.94 |
|
Proceeds from sale of investments |
1.55 |
147.32 |
|
Deposit/withdrawal in other bank balances |
2,461.22 |
1,854.22 |
|
Dividend income |
-0.45 |
-0.59 |
|
Interest received |
145.93 |
163.90 |
|
Net cash used in investing activities (B) |
-443.82 |
163.25 |
|
III. Cash flow from financing activities |
|
|
|
Issue of equity shares |
1.06 |
4.26 |
|
Repayment of borrowings |
- |
-838.62 |
|
Payment of lease liabilities |
-54.20 |
-42.05 |
|
Proceeds from borrowings |
549.84 |
850.00 |
|
Proceeds from issue of subordinated liabilities |
-150.05 |
- |
|
Reapyment of subordinated liabilities |
- |
- |
|
Interest paid |
-210.78 |
-159.91 |
|
Net cash (used in)/ from financing activities (C) |
135.87 |
-186.32 |
|
Net increase/ (decrease) in cash and cash equivalent (A+B+C) |
644.28 |
701.27 |
|
Add: Cash and Cash Equivalent at beginning of year |
1,868.28 |
1,167.02 |
|
Cash and cash equivalents as at end of year |
2,512.56 |
1,868.28 |
|
Particulars |
2023 |
2022 |
|
Dividend per Share |
0 |
0 |
|
Retained Earnings (In Rs. Crores) |
431.45 |
44.42 |
1. Revenue Growth:
Total revenue from operations increased from INR 1,977.62 crore in 2022 to INR 2,744.77 crore in 2023, indicating substantial revenue growth.
2. Profitability:
Profit before tax significantly improved, increasing from INR 81.12 crore in 2022 to INR 731.40 crore in 2023, reflecting a substantial increase in profitability.
3. Expenses Management:
Despite the increase in revenue, total expenses also increased but at a slower rate, indicating effective cost management.
4. Taxation:
Current tax expenses increased from INR 53.66 crore in 2022 to INR 126.31 crore in 2023, reflecting higher taxable income.
5. Net Income:
The company reported a significantly higher net profit of INR 553.80 crore in 2023 compared to INR 62.21 crore in 2022.
6. Comprehensive Income:
Total comprehensive income for the year increased substantially from INR 42.21 crore in 2022 to INR 517.38 crore in 2023, indicating strong overall performance.
7. Earnings per Share (EPS):
Basic earnings per share (EPS) increased from INR 6.36 in 2022 to INR 56.45 in 2023, indicating higher earnings available to shareholders per share.
