| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Electronica Finance Limited |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Financial Assets |
|
|
|
Cash and cash equivalents |
7,391.76 |
5,791.15 |
|
Bank balances other than included in above |
6,890.79 |
8,367.12 |
|
Other receivables |
351.95 |
77.87 |
|
Loans |
2,39,777.67 |
1,96,013.27 |
|
Investments |
6.70 |
5.48 |
|
Other financial assets |
3,743.14 |
389.21 |
|
Non financial assets |
|
|
|
Current tax assets (net) |
1,105.51 |
513.75 |
|
Deferred tax assets (net) |
- |
842.47 |
|
Investment property |
400.34 |
463.19 |
|
Property, plant and equipment |
12,556.30 |
8,980.62 |
|
Capital work in progress |
99.05 |
99.05 |
|
Other Intangible assets |
272.77 |
250.73 |
|
Other non financial assets |
1,027.28 |
933.39 |
|
Total assets |
2,73,623.26 |
2,22,727.30 |
|
Financial Liabilities |
|
|
|
Other payables |
|
|
|
Total outstanding dues of other than micro enterprises and small enterprises |
867.71 |
518.50 |
|
Debt securities |
30,881.59 |
12,995.65 |
|
Borrowings (Other than debt securities) |
1,55,560.26 |
1,40,107.53 |
|
Sub ordinated liabilities |
9,484.81 |
2,875.19 |
|
Other financial liabilities |
31,900.31 |
27,214.79 |
|
Non financial liabilities |
|
|
|
Current tax liabilities (net) |
1,066.56 |
1,754.35 |
|
Deferred tax liabilities (net) |
357.46 |
- |
|
Provisions |
439.16 |
393.55 |
|
Other non financial liabilities |
227.04 |
493.31 |
|
Equity |
|
|
|
Share capital |
3,518.83 |
3,518.83 |
|
Other equity |
39,319.53 |
32,855.60 |
|
Total liabilities and equity |
2,73,623.26 |
2,22,727.30 |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Interest income |
39,685.86 |
28,590.40 |
|
Fees and commission income |
1,511.16 |
878.73 |
|
Lease income |
789.55 |
233.85 |
|
Net gain on derecognition of financial assets at amortised cost |
6,561.15 |
1,392.82 |
|
Sale of services |
62.73 |
46.63 |
|
Recoveries of financial assets written off |
80.21 |
41.57 |
|
Net gain on fair value changes |
485.62 |
425.27 |
|
Total revenue from operations |
49,176.28 |
31,609.27 |
|
Other income |
4,539.19 |
1,121.75 |
|
Total income |
53,715.47 |
32,731.02 |
|
Expenses |
|
|
|
Finance costs |
20,011.42 |
11,959.58 |
|
Customer loyalty bonus |
783.01 |
1,525.16 |
|
Impairment on financial instruments |
2,690.02 |
1,968.77 |
|
Employee benefit expenses |
11,718.40 |
7,594.14 |
|
Depreciation, amortisation and impairment |
1,116.99 |
752.37 |
|
Other expenses |
8,624.48 |
3,321.16 |
|
Total expenses |
44,944.32 |
27,121.18 |
|
Profit before tax |
8,771.15 |
5,609.84 |
|
Current tax |
1,069.11 |
1,346.58 |
|
Deferred tax charge / (credit) |
1,199.40 |
86.25 |
|
Tax for previous years |
108.66 |
- |
|
Total Tax expense |
2,377.17 |
1,432.83 |
|
Profit after tax |
6,393.98 |
4,177.01 |
|
Other comprehensive income (OCI) |
|
|
|
Items that will not be reclassified to profit and loss: |
|
|
|
Remeasurement losses on defined benefit plans |
(29.14) |
(31.23) |
|
Tax impact on above |
7.34 |
7.86 |
|
Other comprehensive loss for the year (net of tax) |
(21.80) |
(23.37) |
|
Total comprehensive income for the year |
6,372.18 |
4,153.64 |
|
Earnings per share (Nominal value per share Rs.) |
|
|
|
Basic |
28.37 |
18.54 |
|
Diluted |
22.05 |
14.41 |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Cash Flow from Operating Activities |
|
|
|
Profit before tax |
8,771.15 |
5,609.84 |
|
Adjustments for: |
|
|
|
Depreciation and amortisation |
1116.99 |
752.37 |
|
Loss / (profit) on sale of fixed assets |
- |
-94.00 |
|
Other balances written off |
3343.20 |
13.28 |
|
Credit balances written back |
3238.59 |
386.55 |
|
Impairment on financial instruments |
588.53 |
303.63 |
|
Loans written off |
2101.49 |
1678.42 |
|
Stock option expenditure |
91.76 |
16.27 |
|
Dividend income |
-0.02 |
-0.04 |
|
Income from shares & mutual funds |
-486.85 |
-120.79 |
|
Interest on margin money deposits |
-238.47 |
-142.18 |
|
Net gain on fair value changes |
-7046.77 |
-1818.09 |
|
Impairment loss on investment property |
4.00 |
92.27 |
|
Finance cost |
20011.42 |
11959.58 |
|
Operating profit before working capital changes |
31,793.17 |
18,730.17 |
|
Movements in working capital |
|
|
|
(Increase)/decrease in trade receivables |
-3617.28 |
-77.87 |
|
(Increase)/decrease in loans |
-42646.24 |
-72288.79 |
|
(Increase)/decrease in other financial assets |
-3353.93 |
2171.78 |
|
(Increase)/decrease in other non-financial assets |
-391.49 |
-424.67 |
|
Increase/(decrease) in other payables |
352.48 |
419.25 |
|
Increase/(decrease) in other financial liabilities |
5160.40 |
4260.55 |
|
Increase/(decrease) in provisions |
23.81 |
143.84 |
|
Increase/(decrease) in other non-financial liabilities |
-266.27 |
429.45 |
|
Cash generated from / (used in) operations |
-12945.36 |
-46636.29 |
|
Direct taxes paid (net of refunds) |
-2457.32 |
-860.35 |
|
Net cash flows used in operating activities (A) |
-15402.68 |
-47496.64 |
|
Cash flows from investing activities |
|
|
|
Purchase of property, plant and equipment (incl. capital work-in-progress) |
-4713.48 |
-2707.23 |
|
Purchase of intangible assets |
-72.85 |
-155.97 |
|
Proceeds from maturity of fixed deposits |
25182.25 |
8199.29 |
|
Payments towards fixed deposits |
-23623.36 |
-7900.00 |
|
Proceeds from sale of property, plant and equipment / investment property |
127.19 |
4.19 |
|
Proceeds from sale of investments |
96500.00 |
10396.52 |
|
Purchase of investments |
-96501.22 |
-10396.06 |
|
Dividend received |
0.02 |
0.04 |
|
Interest income |
155.92 |
142.18 |
|
Income from mutual funds |
486.85 |
120.79 |
|
Net cash flows (used in)/ from investing activities |
-2458.68 |
-2296.26 |
|
Cash flows from financing activities |
|
|
|
Repayment of debt securities |
-6963.06 |
-6447.87 |
|
Repayment of borrowings other than debts securities |
-108853.00 |
-22249.79 |
|
Proceeds from debt securities |
24849.00 |
- |
|
Proceeds from borrowing |
123200.41 |
84550.00 |
|
Proceeds from sub-ordinate debts securities |
7000.00 |
3000.00 |
|
Finance cost |
-19296.49 |
-11959.58 |
|
Payment of lease liability |
-474.88 |
-275.99 |
|
Net cash flows (used in)/ from Financing activities |
19,461.97 |
4,616.77 |
|
Net Increase/(decrease) in cash and cash equivalents |
1600.62 |
-3176.12 |
|
Cash and cash equivalents at the beginning of the year |
5791.15 |
8967.27 |
|
Cash and cash equivalents at the end of the year |
7391.76 |
5791.15 |
|
Components of cash and cash eqivalents: |
|
|
|
Cash on hand |
10.51 |
5.51 |
|
Balances with banks |
7,381.25 |
5,785.64 |
|
Total |
7391.76 |
5791.15 |
Here is a summary of the Cash Flow Statement for the years 2024 and 2023:
Cash Flow from Operating Activities
The net cash used in operating activities for 2024 was Rs. -15,402.68 lakhs, a substantial improvement compared to Rs. -47,496.64 lakhs in 2023. This change was driven by a net profit before tax of Rs. 8,771.15 lakhs and substantial adjustments, including depreciation of Rs. 1,116.99 lakhs, finance costs of Rs. 20,011.42 lakhs, and impairment on financial instruments at Rs. 588.53 lakhs. Further adjustments for working capital, however, significantly impacted cash flow; major movements included an increase in trade receivables (-Rs. 3,617.28 lakhs), loans (-Rs. 42,646.24 lakhs), and other financial assets (-Rs. 3,353.93 lakhs). Despite these outflows, the impact was partially mitigated by positive adjustments in financial liabilities (Rs. 5,160.40 lakhs) and provisions (Rs. 23.81 lakhs). Net taxes paid amounted to Rs. -2,457.32 lakhs, leading to an overall cash outflow in operating activities.
Cash Flow from Investing Activities
Investing activities led to a net outflow of Rs. -2,458.68 lakhs in 2024, slightly less than Rs. -2,296.26 lakhs in 2023. Major expenditures included purchases of property, plant, and equipment (Rs. 4,713.48 lakhs) and intangible assets (Rs. 72.85 lakhs). However, these outflows were partially offset by inflows from maturing fixed deposits (Rs. 25,182.25 lakhs) and sales of investments (Rs. 96,500.00 lakhs). The proceeds from property and equipment sales and investment income provided minor additional inflows.
Cash Flow from Financing Activities
Financing activities recorded a net inflow of Rs. 19,461.97 lakhs in 2024, significantly higher than the previous year’s inflow of Rs. 4,616.77 lakhs. Key financing inflows included proceeds from borrowing other than debt securities (Rs. 1,23,200.41 lakhs) and subordinate debt securities (Rs. 7,000.00 lakhs). This cash inflow was partly offset by the repayment of debt and finance costs totaling Rs. 6,963.06 and Rs. 19,296.49 lakhs, respectively.
Net Increase in Cash and Cash Equivalents
The cumulative impact of these activities resulted in a net increase in cash and cash equivalents of Rs. 1,600.62 lakhs by year-end, raising the closing balance to Rs. 7,391.76 lakhs from Rs. 5,791.15 lakhs the previous year. This change reflects improved liquidity and stronger cash management, given the higher inflows from financing activities.
|
Particulars |
2024 |
2023 |
|
Capital to risj weighted assets raio (CRAR) |
18.31% |
19.25% |
|
Tier I CRAR |
14.41% |
16.92% |
|
Tier II CRAR |
3.90% |
2.33% |
Here is a summary of the financial and operational metrics for Electronica Finance Limited for the year 2024 and 2023:
Capital to Risk-Weighted Assets Ratio (CRAR)
2024: 18.31%
2023: 19.25%
CRAR, also known as the Capital Adequacy Ratio (CAR), measures a bank’s capital in relation to its risk-weighted assets (RWA). It ensures that banks have a buffer of capital to withstand unexpected losses, thus protecting depositors and enhancing financial stability. The slight reduction in CRAR from 19.25% to 18.31% in 2024 suggests a marginal decrease in the institution’s capital adequacy, potentially due to an increase in risk-weighted assets or a decline in capital levels.
Tier I CRAR
2024: 14.41%
2023: 16.92%
Tier I CRAR, or the core capital ratio, includes a bank’s core equity capital, which consists of common equity and disclosed reserves. This ratio is particularly significant as it reflects the bank’s capacity to absorb losses while remaining solvent. The decrease from 16.92% to 14.41% implies a reduction in core capital, possibly due to retained earnings being lower or higher risk-weighted assets.
Tier II CRAR
2024: 3.90%
2023: 2.33%
Tier II capital is supplementary and may include subordinated debt, hybrid instruments, and general loan-loss reserves. The increase from 2.33% to 3.90% suggests that the institution has strengthened its additional capital buffer, potentially through issuing subordinated debt or increasing reserves
