Fincare SFBL Annual Reports, Balance Sheet and Financials

Particulars

31st March 2023

31st March 2022

31st March 2021

Assets

Cash and balances with RBI

65,438

1,11,679

1,03,650

Balances with banks and money at call and short notice

11,781

11,917

11,913

Investments

2,52,284

2,15,163

1,27,936

Advances

8,70,242

7,03,637

5,30,112

Fixed assets

5631

4,234

3,619

Other Assets

41,393

43,960

19,557

Total Assets

12,46,769

10,90,590

7,96,787

Capital and Liabilities

Capital

22,078

22,078

6,361

Employees stock options outstanding

1458

638

100

Reserves and surplus

1,07,835

97,470

95,330

Deposits

8,03,319

6,45,558

5,31,850

Borrowings

2,78,400

2,94,354

1,40,043

Other liabilities and provisions

33,679

30,492

23,103

Total Capital & Liabilities

12,46,769

10,90,590

7,96,787

Particulars

2023

2022

2021

Revenue from Operations

1,74,412

1,44,587

1,25,103

EBITDA

78,675

62,216

73,980

EBITDA margins

45.10%

43.03%

59.13%

Finance Cost

65,368

56,978

55,005

Depreciation

2,140

2,012

1,701

Other Income

22,668

20,178

12,568

Exceptional items

-

-

-

Total Tax

803

2,339

5,960

Profit After Tax 

10,364

887

11,314

PAT Margin

5.94%

0.61%

9.04%

EPS (Basic & Diluted)

4.68

0.38

5.55

Particulars

Year  ended 31, March 2023

Year  ended 31, March 2022

Year ended March 31, 2021

A. Cash flows from operating activities:

Net Profit before tax

12,997

575

14,642

Adjustments for :

Depreciation and amortisation expenses

2,140

2,012

1,701

Employee Stock Option Compensation

819

538

100

Amortisation of premium on SLR1 investments in HTM2 category

1,081

1,032

685

(Profit)/loss on disposal of fixed assets

(2)

3

(1)

Loan portfolio written off

55,159

36,951

3,393

Provision for Advances

(16,268)

6,002

18,572

Provision for other contingencies

364

22

(267)

Provision for Investments

451

561

(5)

(Profit) on sale of investment in SLR1 securities

(29)

(540)

(122)

Loss on sale of investment in SLR1 securities

642

284

99

(Profit) on sale of investment in mutual funds

-

(19)

(29)

Operating profit before working capital changes

57,354

47,421

38,768

Adjustments for :

Increase in deposits

157,702

113,708

66,457

Increase/(decrease) in other liabilities

4,926

13,186

4,090

(Increase) in investments (net)

(20,442)

(63,049)

(27,897)

(Increase) in advances

(206,909)

(222,298)

(69,968)

(Increase)/decrease in fixed deposits

2,456

(3,752)

(516)

(Increase) in other assets

5,422

(20,138)

(21)

Cash Flows from/(used in) operating activities

509

(134,922)

10,913

Refund/(Payment) of direct taxes(Including Tax Deducted at Source)

(6,115)

(3,954)

(6,129)

Net cash flows from/(used in) operating activities

(5,606)

(138,876)

4,784

B. Cash flows from / (used in) investing activities:

Purchase of fixed assets

(3,547)

(2,636)

(1,292)

Proceeds from sale of fixed assets

12

7

9

Purchase of investments in mutual funds

-

(5,000)

(18,000)

Purchase of investments in Govt Securities (HTM2)

(24,524)

(34,673)

-

Proceeds from maturity of investments in Govt Securities (HTM2)

5,700

9,158

-

Proceeds from sale of investments in mutual funds

-

5,019

18,029

Proceeds from term money lending

-

-

(3,999)

Net cash flows from/(used in) investing activities

(22,359)

(28,125)

(5,253)

C.  Cash flows from / (used in) financing activities:

Proceeds from issue of equity shares

-

16,971

-

Proceeds from borrowing under the LAF3 segment

-

54,000

-

Proceeds from loans availed from banks and financial institutions

100,000

135,804

47,000

Repayment of loans non-convertible debenture

(2,500)

-

-

Repayment of loans availed from banks and financial institutions

(107,855)

(35,493)

(39,073)

Repayment of borrowing under the LAF3 segment

(5,600)

-

(4,700)

Net cash flows from/(used in) financing activities

(15,955)

171,282

3,227

Net increase in cash and cash equivalents during the year ended (A+B+C)

(43,920)

4,281

2,758

Cash and cash equivalents at the beginning of the year

118,564

114,283

1,07,526

Cash and cash equivalents at the end of the year*

74,644

118,564

1,10,284

Particulars

2023

2022

2021

2020

Dividend per Share

Nil

Nil

Nil

Nil