FinoPaytech Annual Reports, Balance Sheet and Financials

Particulars 

As at 31 March 2023

As at 31 March 2022

Assets

Non-current Assets

Property, Plant and Equipment

                                      124.67

                               87.86

Right-of-Use Assets

                                         30.19

                               34.72

Capital Work-in-Progress

                                           5.48

                                 0.46

Goodwill

                                                -  

                                      -  

Other Intangible Assets

                                         20.43

                                 8.97

Financial Assets

  Investments

                                         54.89

                               43.30

  Loans

                                           0.00

                                 0.05

  Others

                                         88.20

                               56.57

Deferred Tax Assets (Net)

                                           5.86

                               17.68

Advance Tax Assets (Net)

                                         14.92

                               18.05

Other Non-current Assets

                                           6.18

                                 4.16

Total Non-current Assets

                                      350.82

                             271.82

Current Assets

Inventories

                                         41.86

                               13.26

Financial Assets

  Investments

                                   1,090.89

                             590.73

  Trade Receivables

                                         72.37

                               70.03

  Cash and Cash Equivalents

                                      399.32

                         1,057.47

  Bank Balances (Excluding Cash Equivalents)

                                      455.41

                             444.05

  Loans

                                           1.03

                                 6.31

  Others

                                         63.33

                               60.32

Other Current Assets

                                      145.08

                               40.18

Total Current Assets

                                   2,269.29

                         2,282.35

Total Assets

                                   2,620.11

                         2,554.17

Equity and Liabilities

Equity

Equity Share Capital

                                      104.40

                             109.17

Instruments Entirely in Nature of Equity

                                         22.79

                               23.83

Other Equity

                                      373.11

                         1,005.54

  Equity Attributable to Equity Holders of the Company

                                      500.30

                         1,138.54

  Non-controlling Interests

                                      137.18

                             119.53

Total Equity

                                      637.48

                         1,258.07

Liabilities

Non-current Liabilities

Financial Liabilities

  Borrowings

                                         19.93

                               19.91

  Lease Liabilities

                                         27.63

                               32.54

Provisions

                                         10.72

                                 1.92

Other Non-current Liabilities

                                           0.03

                                 0.06

Total Non-current Liabilities

                                         58.31

                               54.43

Current Liabilities

Financial Liabilities

  Borrowings

                                      434.80

                             270.80

  Trade Payables

    Due to Micro and Small Enterprises

                                                -  

                                 0.03

    Due to Other than Micro and Small Enterprises

                                         22.94

                               43.27

  Lease Liabilities

                                           7.69

                                 6.36

  Other Financial Liabilities

                                   1,415.40

                             861.17

Other Current Liabilities

                                         24.08

                               30.59

Short-term Provisions

                                         17.22

                               27.27

Current Tax Liabilities

                                           2.19

                                 2.18

Total Current Liabilities

                                   1,924.32

                         1,241.67

Total Liabilities

                                   1,982.63

                         1,296.10

Total Equity and Liabilities

                                   2,620.11

                         2,554.17

PARTICULARS

2023

2022

I.  Revenue from Operations

                 1,149.43

           1,000.82

II. Other Income

                    141.87

                49.81

III. Total Income (I+II)

                1,291.30

          1,050.63

IV Expenses

Purchase of goods and services

                    184.65

              175.37

Changes in inventories of finished goods, work-in-progress, and stock-in-trade

                       3.47

                -7.05

Employee benefits expenses

                    170.69

              155.59

Finance costs

                      54.15

                30.10

Depreciation and amortization expenses

                      50.44

                43.75

Other expenses

                    765.60

              704.72

Total Expenses (IV)

                1,229.00

          1,102.47

V. Profit before Exceptional items and tax

                      62.30

               -51.84

VI. Exceptional Items

 - 

 - 

VII. Profit before Tax (V-VI)

                     62.30

              -51.84

VIII. Tax Expense

1) Current Tax

                       0.37

                  1.31

2) Deferred Tax

                      11.82

                     -  

IX. Profit for the Year (VII-VIII)

                      50.11

               -53.15

X. Other Comprehensive Income

i) Items that will not be classified to profit or loss

Re-measurement of the defined benefit plan

                      -0.02

                  0.77

Fair value changes on Equity Instruments through other comprehensive income

                           -  

                     -  

ii) Income Tax Relating to items that will not be reclassified to profit & loss

                           -  

                     -  

iii) Items that will be reclassified to profit or loss

Investments measured at FVOCI

                      -1.34

                  0.21

Income tax related to items that will be reclassified to profit or loss

Other comprehensive income for the year (net of tax)

                      -1.36

                  0.98

XI. Total Comprehensive Income for the year (IX+X)

                      48.75

               -52.17

XII. Earnings per Equity share (Face Value Per Share)

a) Basic (Rs.)

                       2.61

                -4.24

b) Diluted (Rs.)

                       2.61

                -4.24

Particulars

 31st March 2023

 31 March 2022 

Profit before tax from continuing operations

Profit before tax

                      62.30

               -51.84

Adjustments to reconcile (loss) / profit before tax to net cash used in operating activities

Depreciation

                      50.44

                43.75

Profit / Loss on sale of fixed assets

                      -0.01

                     -  

ESOP expense

                       8.11

                  4.60

ESOP Cancellation Expenses

                       0.16

                     -  

ESOP Cancellation Compensation

                    -28.55

                     -  

Interest income

                   -107.61

               -51.62

Interest & finance charges

                      54.15

                30.10

Provision (Write back) for doubtful debts and assets

                    -33.13

                     -  

Provision for loan losses expenses

                      -4.12

                58.26

Impairment of goodwill

                  7.17

Provision for doubtful debts and assets

                       0.02

                18.02

Operating profit before working capital changes

                       1.77

               58.43

(Increase) in inventories

                       3.47

                  3.51

(Increase) / decrease in trade receivables

                      -2.34

               -41.93

(Increase) / decrease in other current assets

                   -104.88

               -22.43

Decrease in current financial assets - loans

                      11.34

                83.05

Decrease / (increase) in other current financial assets

                      -3.03

                17.44

(Increase) / decrease in non current financial assets - others

                    -15.30

               -55.55

Decrease in other non current assets

                      -2.02

                -0.06

Decrease in non-current financial assets - loans

                      -0.01

                14.26

(Decrease) / increase in trade payables

                    -20.37

               -11.59

Increase / (decrease) in other current liabilities

                      -6.50

                -1.03

(Decrease) / increase in other current financial liabilities

                    554.60

              259.82

(Decrease) in other non-current liabilities

                      -0.04

                -0.14

(Decrease) in provisions

                      -0.35

                  1.09

Cash generated from / (used in) operations before adjustments for interest received and interest paid

                   416.34

             304.85

Interest paid

                    -32.13

               -11.68

Interest received

                       0.11

                  8.70

Cash used in operations

                    384.31

              301.87

Income tax paid

                       2.77

               -84.48

Net cash (used) / generated from operating activities (A)

                   387.09

             217.39

B. Cash flows from investing activities

Acquisition of property, plant and equipment

                    -87.31

               -66.80

Proceeds from sale of property, plant and equipment

                       0.33

                  0.38

Acquisition of computer software

                    -16.77

                -4.71

Acquisition of investments

                   -513.10

             -127.69

Stake sale of subsidiary

                           -  

           1,131.91

Proceeds from fixed deposits

                    -26.92

             -305.92

Interest received

                    104.99

                44.06

Net Cash used in investing activities (B)

                 -538.77

             671.23

C. Cash flows from financing activities

Proceeds from issue of equity shares

                       0.23

                83.91

Proceeds from subordinate debt

                       0.02

                  0.02

Proceeds from long term borrowings

                      -0.36

               -32.56

Repayment of non current borrowings

                           -  

               -38.31

Proceeds of short term borrowings (net)

                    164.00

                27.70

Buy Back of equity shares

                   -125.00

                     -  

Tax pertaining to buyback of equity shares

                    -21.86

                     -  

Preference Dividend Paid

                   -502.44

                     -  

Lease payments

                       0.95

                  1.00

Interest & finance charges paid

                    -22.02

               -18.42

Net cash generated from financing activities (C)

                 -506.48

               23.34

Net increase / (decrease) in cash and cash equivalents (A + B + C)

                 -658.16

Cash and cash equivalents at the beginning of the year

                 1,057.48

              148.50

Cash and cash equivalents at the end of the year

                   399.32

             148.50

Cash and cash equivalents

Cash on hand and balances with banks

                    399.31

           1,057.48

Cash and cash equivalents

                   399.32

             148.50

Particulars

31-Mar-23

31-Mar-22

Current Ratio (in times)

5.2

22.01

Debt-Equity Ratio (in times)

0

0

Debt Service Coverage Ratio (in times)

-24.61

267.06

Return on Equity Ratio (in %)

-13.00%

44.00%

Inventory Turnover Ratio (in times)

83.56

0

Trade Receivables Turnover Ratio (in times)

229%

71%

Trade Payable Turnover Ratio (in times)

137%

49%

Net Capital Turnover Ratio (in times)

24%

3%

Net Profit Ratio (in %)

-436.00%

2807.00%

Return on Capital Employed Ratio (in %)

-10.00%

51.00%

Particulars

2023

2022

Dividend per Share

37.71

37.71

Retained Earnings (In Rs. Crores)

-429.49

123.09