Fincare Business Annual Reports, Balance Sheet and Financials

Fincare Business Services Limited Balance Sheet (Rs in Thousand)

Fincare Business Services Limited Profit & Loss Statement (Rs in Thousand)

Fincare Business Services Limited Cash Flow Statement (Rs in Thousand)

Here is a summary of the Cash Flow Statement for the years 2024 and 2023:

Net Loss Before Tax:

For 2024, the company reported a net loss of 101,779 compared to 85,424 in 2023. This indicates that the company 's pre-tax loss has widened, suggesting either increased expenses or reduced revenue.

Adjustments:

Several adjustments have been made to the operating cash flows:

Profit on sale of Property, Plant, and Equipment: The company gained 5,628 from asset sales in 2024, whereas there was no such transaction in 2023.

Depreciation, amortization, and impairment: A non-cash expense of 675 in 2024 (compared to 331 in 2023) represents the wear and tear on assets over time.

Income from the sale of a trademark: The company earned 1,364 from selling a trademark in 2024. This was absent in 2023.

Interest on term loan: The company incurred 94,283 in interest expenses in 2024, significantly higher than the 33,691 in 2023, indicating increased borrowing costs.

Operating Profit/Loss Before Working Capital Changes:

After adjusting for non-cash expenses and gains, the company 's operating loss before working capital changes was 13,813 for 2024, improving from 51,402 in 2023, indicating some improvement in operational efficiency despite higher interest costs.

Changes in Working Capital:

(Increase)/Decrease in financial assets: A minor increase of 794 in 2024 compared to 357 in 2023.

(Increase)/Decrease in non-financial assets: A large increase of 5,423 in 2024 (compared to a decrease of 1,868 in 2023), indicating the company may have invested more in non-financial assets.

Provisions: Increased by 141 in 2024 and 95 in 2023, showing a moderate change in provisions.

Financial liabilities: The company saw an increase of 2,765 in financial liabilities in 2024, up from 210 in 2023.

Non-financial liabilities: These liabilities also increased by 6,348 in 2024, much higher than the 172 increase in 2023, reflecting growing obligations.

Overall, the Movement in Operating Assets and Liabilities was 4,625 for 2024, compared to 2,702 in 2023.

Net Cash Flow from Operating Activities:

The company’s cash used in operations improved to 9,525 in 2024 from 48,700 in 2023. This is mainly driven by better adjustments in working capital and operating loss.

Cash Flows from Investing Activities:

The company made a significant investment of 7,000,000 in equity shares of Fincare Small Finance Bank in 2024. There were no such investments in 2023.

The company also earned 1,364 from the sale of a trademark in 2024.

There was a sale of property, plant, and equipment amounting to 7,980 in 2024, in contrast to a purchase of 170 in 2023.

As a result, the net cash flow from investing activities was a negative 6,990,656 in 2024, showing a significant cash outflow compared to 170 in 2023.

Cash Flows from Financing Activities:

The company raised 35,491 by issuing equity shares under ESOP in 2024.

Borrowing costs increased to 73,037 in 2024 from 904 in 2023.

Interest expenses on term loans amounted to 34,260 in 2024, down from 45,901 in 2023.

The company repaid 280,000 in term loans in both 2024 and 2023.

The company borrowed 7,450,000 in term loans in 2024, compared to 280,000 in 2023.

This resulted in a net cash inflow of 7,098,194 in 2024, a substantial increase from 43,196 in 2023.

Net Increase/Decrease in Cash and Cash Equivalents:

After accounting for all the operating, investing, and financing activities, the company saw an overall net increase in cash of 98,014 in 2024, compared to a decrease of 5,674 in 2023.

Cash and Cash Equivalents:

Cash and cash equivalents at the beginning of the year were 32,848 in 2024 and 38,522 in 2023.

By the end of 2024, cash and cash equivalents rose to 130,862, compared to 32,848 in 2023.

Reconciliation:

The reconciliation of cash and cash equivalents confirms the net increase of 98,014 in 2024 and a net decrease of 5,674 in 2023.

Dividend History

Fincare Business Services Limited Recent Financial Performance

Dividend per Share: The specific dividend per share figure for 2024 and 2023 is not provided. Dividend per share represents the portion of a company 's earnings that is distributed to shareholders in the form of dividends. A higher dividend per share may indicate that the company is sharing more of its profits with shareholders.

Retained Earnings: Retained earnings for 2024 amounted to Rs 604761 Thousand, while in 2023, they were Rs. 706876 Thousand. Retained earnings represent the portion of a company 's profits that is reinvested in the business rather than distributed as dividends. An increase in retained earnings suggests that the company has retained more of its profits for reinvestment or future growth.

To provide a more comprehensive analysis, it would be necessary to consider additional financial metrics such as revenue, net profit, assets, liabilities, and cash flows. Additionally, an analysis of trends over multiple years and a comparison to industry benchmarks and competitors would help in assessing the company 's financial health and performance.