Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
---|---|---|---|---|---|---|---|
Primex-40 | |||||||
Hero FinCorp Limited |
Particulars |
31-03-2024 |
31-03-2023 |
Assets |
|
|
Financial Assets |
|
|
Cash and Cash equivalents |
98.78 |
750.01 |
Bank Balance other than cash and cash Equivalents |
59.07 |
41.22 |
Derivative Financial instruments |
133.72 |
115.82 |
Trade receivables |
4.92 |
1.3 |
Loans |
49,880.47 |
39,871.27 |
Investments |
1,895.96 |
1747.49 |
Other financial assets |
192.01 |
189.63 |
Non-Financial Liabilities |
|
|
Current Tax assets (net) |
155.54 |
147.41 |
Deferred Tax assets (net) |
369.02 |
376.15 |
Property, plant and equipment |
181 |
67.59 |
Right to use assets |
118.27 |
45.55 |
Intangible assets |
27.17 |
19.15 |
Intangible assets under development |
0.75 |
2.76 |
Other Non-financial assets |
87.98 |
75.74 |
Total Assets |
53,204.66 |
43,451.22 |
Equity And Liabilities |
|
|
Equity share capital |
127.31 |
127.31 |
Other Equity |
5,638.66 |
5,116.13 |
Non-controlling interests |
6.06 |
4.39 |
Financial Liabilities |
|
|
Payables |
439 |
498.5 |
Borrowings |
35,840.39 |
26,612.99 |
Subordinated liabilities |
3,625.37 |
3,267.79 |
Debt securities |
6,703.72 |
6,747.08 |
lease liabilities |
127.24 |
52.4 |
Other Financial liabilities |
511.33 |
902.72 |
Non-Financial Liabilities |
|
|
Tax Liabilities |
40.85 |
1.03 |
Provisions |
69.86 |
54.87 |
Other Non-financial liabilities |
74.87 |
66.01 |
Total Equity And Liabilities |
53204.67 |
43,451.22 |
Particulars |
31-03-2024 |
31-03-2023 |
Income |
|
|
Revenue from Operations |
|
|
Interest Income |
7,479.38 |
5,719.60 |
Dividend Income |
0.71 |
0.74 |
Profit on sale of investment (net) |
64.7 |
85.63 |
Rental Income |
- |
0.11 |
Gain on derecognition of financial instruments under amortised cost category |
21.28 |
23.13 |
Insurance commision |
113.99 |
21.22 |
Other charges |
610.84 |
551.17 |
Other Income |
68.82 |
45.95 |
Total income |
8,359.72 |
6,447.55 |
Expenses |
|
|
Finance cost |
3,097.36 |
2,173.95 |
Net loss on fair value changes |
338.52 |
299.71 |
Impairment on financial instruments |
1,722.39 |
1,212.23 |
Employee benefits expenses |
692.71 |
542.15 |
Depreciation and amortization |
65.96 |
37.93 |
other Expenses |
1,482.23 |
1,446.36 |
Total Expenses |
7,399.17 |
5,712.33 |
Profit Before tax |
960.55 |
735.22 |
Current Tax |
307.46 |
197.7 |
Deferred Tax/(credit) (net) |
16.04 |
57.57 |
Profit After tax |
637.05 |
479.95 |
Other Comprehensive Income/(loss) |
-25.91 |
0.92 |
Total Comprehensive Income for the year, net of tax |
611.14 |
480.87 |
Earnings Per equity share |
|
|
Basic |
50.04 |
37.7 |
Diluted |
49.94 |
37.67 |
Particulars |
31-03-2024 |
31-03-2023 |
Cash Flow from Operating Activities |
|
|
Profit/ (loss) before tax |
960.55 |
735.22 |
Adjustment for: |
|
|
Interest Income |
-7,477.66 |
-5,717.89 |
Finance Cost |
3,097.36 |
2,173.96 |
Depreciation and Amortisation Expense |
65.96 |
37.93 |
Impairment on financial instruments |
1,722.40 |
1,212.23 |
Dividend income from investments |
-0.71 |
-0.74 |
Discount on commercial paper |
11.15 |
4.91 |
Employee share based payment expense |
19.28 |
0.94 |
Net loss on sale of property, plant & equipment |
0.74 |
1.6 |
Gain on derecognition of financial instruments under amortized cost category |
-21.28 |
-23.13 |
Net loss/(gain) on fair value changes |
338.52 |
299.71 |
Profit on sale of investments |
-64.7 |
-85.63 |
Cash Inflow from interest on loans |
7,218.91 |
5,379.03 |
Cash Inflow from interest on fixed deposits |
8.93 |
21.24 |
Cash Outflow towards finance costs |
-2,758.68 |
-1,805.09 |
Operating Profit Before Working Capital Changes |
3,120.77 |
2,234.29 |
Working Capital adjustments |
|
|
Increase/Decrease in trade receivables |
-8.77 |
0.67 |
Increase in loans |
-11,580.68 |
-9,472.32 |
(Increase)/ decrease in bank balance other than cash and cash equivalents |
-18.46 |
118.84 |
(Increase)/ decrease in other financial assets |
18.92 |
-55.34 |
Increase in derivative financial instruments |
-51.51 |
-115.13 |
Increase in other non financial assets |
-16.54 |
-6.27 |
Increase/(decrease) in other financial liabilities |
-395.06 |
393.3 |
Increase/(decrease) in trade payables |
-54.38 |
193.74 |
Increase in other non financial liabilities |
8.88 |
9.9 |
Increase in Provisions |
13.78 |
7.22 |
Net cash used in operating activities before income tax |
-8,963.05 |
-6,691.10 |
Income Tax Paid (Net of refund) |
-275.78 |
-227.42 |
Net cash used in Operating activities |
-9,238.83 |
-6,918.52 |
Cash Flow from Investing Activities |
|
|
Purchase of Property, Plant, Equipment, and Other Intangible Assets |
-160.65 |
-50.98 |
Proceeds from sale of property, plant and equipment |
4.28 |
2.7 |
Dividend received |
0.71 |
0.74 |
Interest received on Investments |
114.14 |
51.94 |
Purchase of investments |
-14,832.31 |
-17,590.26 |
Sale of investments |
14,744.04 |
17,111.73 |
Net Cash generated from/ (Used in) Investing Activities (B) |
-129.79 |
-474.13 |
Cash Flow from Financing Activities |
|
|
Proceeds from conversion of partly paid equity shares to fully paid |
0.02 |
- |
Proceeds from the issue of equity Shares of subsidiary to non-controlling interest |
0.61 |
1.81 |
Proceeds from issue of compulsorily convertible preference shares |
- |
2,000 |
Share issue expensed paid |
-0.25 |
-6 |
Proceeds from issue of debt securities |
5,349 |
5,105.90 |
Repayment of debt securities |
-5,623.76 |
-4,548.15 |
Proceeds from issue of borrowings (other than debt securities) |
23,907.37 |
19,005.10 |
Repayment of borrowings (other than debt securities) |
-14,785.74 |
-14,555.20 |
Proceeds from issue of subordinated liabilities |
55.07 |
279.91 |
Repayment of lease liability |
-34.61 |
-15.07 |
Dividend paid on equity shares |
-102.94 |
- |
Dividend paid on compulsorily convertible preference shares |
-47.51 |
- |
Net Cash Generated from Financing Activities |
8,717.26 |
7,268.30 |
Net decrease in cash and cash equivalents |
-651.36 |
-124.35 |
Cash and cash equivalents balances with banks (current accounts) |
28.5 |
222.68 |
deposits with banks |
70.28 |
527.46 |
Cash and cash equivalents at the end of the year |
98.78 |
750.14 |
Here is a summary of the Cash Flow Statement for the years 2024 and 2023:
Cash Flow from Operating Activities: The company experienced a net cash outflow of ₹9,238.83 crore, an increase from ₹6,918.52 crore in the previous year. Despite a profit before tax of ₹960.55 crore, cash flows were heavily influenced by significant adjustments and working capital changes. Major outflows included increases in loans, trade receivables, and other financial assets, which more than offset cash inflows from interest and gains. The result was substantial net cash used in operating activities.
Cash Flow from Investing Activities: There was a net cash outflow of ₹129.79 crore in 2024, an improvement from the previous year's outflow of ₹474.13 crore. The primary outflows were for purchasing property, plant, and equipment, and investments. These were partially offset by proceeds from the sale of investments and interest received, indicating a reduced but ongoing investment in capital and financial assets.
Cash Flow from Financing Activities: The company generated a net cash inflow of ₹8,717.26 crore, up from ₹7,268.30 crore in 2023. Significant inflows came from issuing borrowings and debt securities, as well as proceeds from issuing compulsorily convertible preference shares. These inflows were partly used for repaying debt securities and borrowings and paying dividends. This robust inflow reflects strong financing activities that helped mitigate the cash outflows from operating and investing activities.
Overall Cash Position: The net decrease in cash and cash equivalents for the year was ₹651.36 crore, compared to a smaller decrease of ₹124.35 crore the previous year. At the end of the year, cash and cash equivalents were ₹98.78 crore, down from ₹750.14 crore, indicating a significant reduction in liquidity due to heavy cash outflows.