Hinduja Leyland Finance Annual Reports, Balance Sheet and Financials

Hinduja Leyland Finance Limited Consolidated Balance Sheet (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
Financial Assets
Cash And Cash Equivalents	3,18,244	2,90,953
Bank Balances other than cash & cash Equivalents	50,016	30,263
Loans	47,85,420	38,46,319
Equity accounted investee	2,681	2,288
Investments	3,25,400	1,89,951
Derivative financial instruments	531	-
Other Financial Assets	92,052	63,655
Non-Financial Assets
Current Tax assets (net)	9,739	10,366
Property, Plant and Equipment	42,668	33,156
Capital Work in Progress	3,615	2,706
Other Intangible Assets	108	95
Right of use assets	7,041	6,502
Other non-financial assets	15,688	11,478
Total Assets	56,53,203	44,87,732
Financial Liabilities
Derivative financial instruments	2,868	165
Trade Payables:
Total Outstanding dues of Creditors other than micro & small Enterprises	8,526	3,019
Debt Securities	1,36,240	43,105
Borrowings (Other than Debt securities)	41,29,827	34,59,864
Subordinated liabilities	3,23,288	1,67,263
Other Financial Liabilities	91,850	83,521
Non-Financial Liabilities
Provisions	1,102	582
Deferred Tax liabilities (net)	86,221	46,104
Other Non-Financial Liabilities	3,794	3,043
Equity
Equity Share Capital	54,524	53,516
Other Equity	8,14,963	6,27,550
Total Liabilities and Equity	56,53,203	44,87,732

 

Hinduja Leyland Finance Limited Consolidated Profit & Loss Statement (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
Revenue from Operation
Interest Income	5,36,437	4,01,058
Fee & Commission Income	11,806	8,441
Net gain on Fair Value Changes	957	1,911
Net gain on derecognition of financial instruments	56,436	42,751
Rental Income	7,739	3,033
Other Income	14,676	8,730
Total Income	6,28,051	4,65,924
Expenses
Finance Costs	3,54,037	2,56,161
Fee & Commission Income	22,051	9,925
Impairment on financial assets	65,195	57,285
Employee benefit Expense	45,562	34,062
Depreciation and Amortization	8,702	4,609
Other Expenses	27,905	19,331
Total Expenses	5,23,452	3,81,373
Profit before share of profit of equity accounted investee & income tax	1,04,599	84,551
Share of loss equity accounted investee	-618	-412
Profit before Tax	1,03,981	84,139
Current Tax	17,039	15,025
Deferred Tax	9,562	5,471
Profit After Tax for the Year	77,380	63,643
Other Comprehensive Income
Items that will not be reclassified to Profit or loss:
Re-measurement of defined benefit plans	-195	-86
Share of other comprehensive income of equity accounted investees	15	14
Income tax impact	45	18
Items that will be reclassified to Profit or loss:
Fair value gain on financial assets carried at FVTOCI	1,23,764	76,855
Effective portion of loss on designated portion of hedging instruments in a cashflow hedge	-2,172	-165
Income tax impact	-30,605	-19,302
Other Comprehensive Income	90,852	57,334
Total Comprehensive Income for the period	1,68,232	1,20,977
Piad Up Capital	54,524	53,516
Other Equity	8,14,963	6,27,550
Earnings per Equity Share:
Basic	14.46	11.89
Diluted	14.46	11.89

Hinduja Leyland Finance Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
Cash Flow from Operating Activities
Net Profit before Tax	1,03,981	84,139
Adjustment for:
Depreciation and Amortization	8,703	4,609
Profit on disposal of property, plant and equipment (PPE)	-15	-43
Profit on sale of Investment	-2,187	-
Net gain on fair value changes	1,697	-1,911
Finance costs	3,54,037	2,56,161
Interest Income	-5,35,525	-4,00,870
Net gain on de-recognition of financial instruments	-56,436	-42,751
Provision for expected credit loss and amounts written off	49,510	46,753
Impairment loss on other receivables	15,685	10,532
Rent expense	11	11
Share based payment expenses	119	159
CSR Expenditure	413	333
Provision for Employee benefits	208	250
Operating Profit before Working Capital Changes	-59,799	-42,628
Changes in Working Capital:
(Increase)/Decrease in Loans	-8,63,142	-9,72,124
(Increase)/Decrease in Other Financial assets	25,039	36,350
(Increase)/Decrease in Non-Financial Assets	-3,443	-3,710
Increase/(Decrease) in Trade Payable	5,438	-237
Increase/(Decrease) in Other Financial Liabilities	6,903	14,881
Increase/(Decrease) in Non-Financial Liabilities & Provisions	360	654
Net Cash used in Operations before adjustments	-8,88,644	-9,66,814
Cash Outflow towards finance cost	-3,35,221	-2,42,448
Cash Inflow from Interest Income	5,18,427	3,91,400
Taxes Paid	-16,412	-18,595
Net Cash Used in Operating Activates	-7,21,850	-8,36,457
Cash Flow from Investing Activities
(investment)/redemption in mutual funds (net)	-1,21,910	37,594
Investment in redeemable non-convertible debentures	-36,799	-45,799
Redemption of redeemable non-convertible debentures	19,867	23,164
Investment in pass through securities (PTCs) and government securities	-89,372	-87,420
Redemption in PTCs , security receipts, government securities and alternative investment funds	94,412	70,806
Investment in equity shares of joint venture and subsidiary companies	-1,000	-5,521
Bank deposits placed	-50,000	-8,070
Bank deposits matured	30,208	-
Purchase of PPE, intangibles including capital WIP and capital advances	-21,220	-26,968
Proceeds from disposal of PPE and intangibles	33	61
Interest on fixed deposits	2,159	240
Net Cash Used in Investing Activities	-1,73,622	-41,913
Cash Flow from Financing Activities
Proceeds from issue of equity shares including securities premium	20,059	80
Proceeds from long term borrowings	21,07,088	18,82,088
Repayment of long term borrowings	-10,60,793	-9,54,143
Proceeds from working capital loan I cash credit and commercial paper	-1,41,045	1,38,842
Payment of lease liabilities	-2,557	-2,097
Share application money received	11	-
Net Cash Used in Financing Activities	9,22,763	10,64,770
Net Increase in cash & Cash Equivalents	27,291	1,86,400
Cash & Cash equivalents at the beginning of the Year	2,90,953	1,04,533
Cash & Cash equivalents at the end of the Period	3,18,244	2,90,953

 

Here is a summary of the Cash Flow Statement for the years 2025 and 2024:

Cash Flow from Operating Activities

This section reflects the cash generated or used in the core business operations.

Net Profit Before Tax for FY 2025 was ₹1,03,981 lakhs compared to ₹84,139 lakhs in FY 2024, indicating improved profitability.

Adjustments were made for non-cash items and non-operating incomes/expenses like depreciation (₹8,703 lakhs in FY25 vs. ₹4,609 lakhs in FY24), finance costs, interest income, impairment losses, and fair value gains/losses.

The biggest adjustments came from:

Finance costs: ₹3,54,037 lakhs in FY25 and ₹2,56,161 lakhs in FY24.

Interest Income: a significant outflow of ₹5,35,525 lakhs in FY25 and ₹4,00,870 lakhs in FY24.

Net gain on derecognition of financial instruments and provision for expected credit loss were also substantial.

After adjustments, the Operating Profit before Working Capital Changes was negative: ₹-59,799 lakhs in FY25 and ₹-42,628 lakhs in FY24.

Working Capital changes showed a large increase in loans, especially ₹-8,63,142 lakhs in FY25 (vs. ₹-9,72,124 lakhs in FY24), signaling significant lending activity.

Minor fluctuations were observed in payables, receivables, and other liabilities/assets.

After factoring these, Net Cash used in Operations before other adjustments was ₹-8,88,644 lakhs in FY25 and ₹-9,66,814 lakhs in FY24.

Cash outflows towards interest and taxes were offset by cash inflows from interest income. Ultimately, Net Cash Used in Operating Activities was ₹-7,21,850 lakhs in FY25 and ₹-8,36,457 lakhs in FY24 — both significantly negative, reflecting high lending activity and interest expenses.

Cash Flow from Investing Activities

This section highlights investments in assets and securities:

In FY25, the company made substantial investments in mutual funds (₹1,21,910 lakhs), PTCs/government securities (₹89,372 lakhs), and redeemable debentures (₹36,799 lakhs).

It redeemed some securities (₹94,412 lakhs) and debentures (₹19,867 lakhs), helping mitigate cash outflows.

Bank deposits worth ₹50,000 lakhs were placed, while ₹30,208 lakhs matured.

The company continued investing in fixed assets, spending ₹21,220 lakhs in FY25 (lower than ₹26,968 lakhs in FY24).

Overall, Net Cash Used in Investing Activities stood at ₹-1,73,622 lakhs in FY25, much higher than the previous year 's ₹-41,913 lakhs, indicating a sharp rise in investment activity.

Cash Flow from Financing Activities

This section details funding from equity and debt:

In FY25, the company raised substantial funds through long-term borrowings (₹21,07,088 lakhs) and equity issuance (₹20,059 lakhs).

However, it also repaid a large amount of borrowings (₹-10,60,793 lakhs) and working capital loans (₹-1,41,045 lakhs).

Lease liabilities worth ₹2,557 lakhs were also paid.

Despite the repayments, strong inflows from borrowings resulted in a Net Cash from Financing Activities of ₹9,22,763 lakhs in FY25, though slightly lower than FY24 's ₹10,64,770 lakhs.

Net Change in Cash Position

The Net Increase in Cash and Cash Equivalents was ₹27,291 lakhs in FY25, much lower than the ₹1,86,400 lakhs in FY24.

This led to closing cash balances of ₹3,18,244 lakhs in FY25 versus ₹2,90,953 lakhs in FY24.