| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| IKF Finance Limited |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Financial
Assets |
|
|
|
Cash
and cash equivalents |
28,252.25 |
4,721.03 |
|
Bank
Balance other than included above |
3,758.30 |
3,549.17 |
|
Trade
Receivables |
238.12 |
145.64 |
|
Loans |
5,69,450.54 |
4,14,297.53 |
|
Investments |
1,350.15 |
12,406.62 |
|
Derivative
financial instruments |
- |
62.79 |
|
Other
financial assets |
11,844.83 |
6,655.13 |
|
Non-financial
assets |
|
|
|
Current
Tax Assets (Net) |
346.66 |
43.25 |
|
Investment
Property |
162.06 |
130.03 |
|
Property,
Plant and Equipment |
477.86 |
350.47 |
|
Right
of use asset |
542.07 |
361.85 |
|
Capital
Work in progress |
5,540.39 |
47.59 |
|
Intangible
assets under development |
- |
13.20 |
|
Intangible
Assets |
159.13 |
198.09 |
|
Goodwill |
774.47 |
774.47 |
|
Other
non-financial assets |
2,091.71 |
4,329.92 |
|
Total
assets |
6,24,988.54 |
4,48,086.80 |
|
Financial
Liabilities |
|
|
|
Derivative
financial instruments |
43.06 |
- |
|
Trade
payables: |
|
|
|
Total
outstanding dues of creditors other than micro enterprises and small
enterprises |
82.26 |
90.23 |
|
Debt
securities |
77,924.10 |
20,999.05 |
|
Borrowings
(other than debt securities) |
4,07,681.16 |
3,07,465.24 |
|
Subordinated
Liabilities |
16,402.09 |
16,372.47 |
|
Other
financial liabilities |
11,725.54 |
7,031.51 |
|
Non-financial
liabilities |
|
|
|
Current
tax liabilities (net) |
- |
114.33 |
|
Provisions |
204.82 |
342.98 |
|
Deferred
tax liabilities (Net) |
1,302.94 |
639.43 |
|
Other
non-financial liabilities |
735.18 |
375.65 |
|
Equity |
|
|
|
Equity
share capital |
7,015.65 |
7,015.65 |
|
Other
equity |
1,00,285.87 |
86,391.55 |
|
Non-
Controlling Interest |
1,585.87 |
1,248.72 |
|
Total
liabilities and equity |
6,24,988.54 |
4,48,086.80 |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Revenue
From operations |
|
|
|
Interest
income |
77,453.83 |
53,720.59 |
|
Fees
and commission income |
2,393.76 |
1,636.38 |
|
Net
gain (Loss) on de recognition of financial instruments under amortized cost |
5,372.53 |
2,326.97 |
|
Net
gain on fair value changes |
175.21 |
238.27 |
|
Other
Operating income |
0.05 |
19.64 |
|
Other
income |
1,899.41 |
658.34 |
|
Total
income |
87,294.79 |
58,600.18 |
|
Expenses |
|
|
|
Finance
costs |
42,037.67 |
28,476.10 |
|
Impairment
on financial instruments |
4,917.25 |
2,018.32 |
|
Employee
benefits expenses |
15,737.91 |
10,638.24 |
|
Depreciation,
amortization and impairment |
516.00 |
468.88 |
|
Others
expenses |
4,971.05 |
3,297.51 |
|
Total
expenses |
68,179.88 |
44,899.05 |
|
Profit
before tax |
19,114.91 |
13,701.12 |
|
Current
Tax |
4,159.46 |
3,327.22 |
|
Deferred
Tax |
679.67 |
181.51 |
|
Adjustment
of tax relating to earlier periods |
-6.16 |
11.88 |
|
Profit
for the period |
14,281.94 |
10,180.51 |
|
Other
comprehensive income |
|
|
|
Items
that will not be reclassified to profit or loss (specify items and amounts): |
|
|
|
Remeasurements
of the defined benefit plans |
-8.04 |
-4.36 |
|
Impact
of changes in fair value of Financial Instruments |
- |
- |
|
Income
tax relating to items that will not be reclassified to profit or loss |
-0.42 |
-1.63 |
|
Items
that will not be reclassified to profit or loss |
9.72 |
10.82 |
|
Items
that will be reclassified to profit or loss: |
|
|
|
Items
that will be reclassified to profit or loss |
-64.97 |
-32.15 |
|
Income
tax relating to items that will be reclassified to profit or loss |
16.57 |
8.09 |
|
Total
comprehensive income for the period |
14,234.80 |
10,161.29 |
|
Attributable
to: |
|
|
|
Owners
of the Company |
13,897.65 |
9,923.50 |
|
Non-controlling
interest |
337.15 |
237.78 |
|
Earnings
per share (equity share, par value of ₹10 each) |
|
|
|
Basic |
20.36 |
14.97 |
|
Diluted |
20.29 |
14.97 |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Cash
Flow from Operating Activities |
|
|
|
Profit
before tax |
19,114.91 |
13,701.12 |
|
Adjustments
for: |
|
|
|
Depreciation,
amortization and impairment |
516.00 |
468.88 |
|
Interest
Income |
(77,453.83) |
(53,720.59) |
|
Interest
expenses |
42,037.67 |
28,476.10 |
|
Impairment
on financial instrument |
4,899.70 |
2,018.32 |
|
Share
based payment expense |
14.21 |
1.08 |
|
Net
gain/(loss) on financial instrument at amortized categiry |
(5,372.53) |
(2,326.97) |
|
Provision
for expenses |
14.00 |
12.75 |
|
Employee
benefit expenses |
113.15 |
109.83 |
|
Rental
income on Investment property |
(9.15) |
(9.15) |
|
(Profit)/
Loss on sale of property, plant and equipment |
(0.12) |
(344.17) |
|
(Profit)/
Loss on sale of immovable Property |
- |
288.33 |
|
Cash
generated from / (used in) operations before working capital changes and
adjustments for interest received and interest paid |
(16,125.99) |
(11,324.45) |
|
Adjustments
for changes in Working Capital: |
|
|
|
Decrease
/ (Increase) in trade receivable |
(92.48) |
(145.64) |
|
Decrease
/ (Increase) in loans |
(1,55,409.51) |
(1,44,910.39) |
|
Decrease
/ (Increase) in bank balances other than cash and cash equivalents |
(209.13) |
2,549.61 |
|
Decrease
/ (Increase) in other financial assets |
(729.67) |
2,024.62 |
|
Decrease
/ (Increase) in other non-financial assets |
2,238.21 |
(942.43) |
|
(Decrease)
/ Increase in trade payables |
(7.96) |
5.96 |
|
(Decrease)
/ Increase in other financial liabilities |
4,507.09 |
2,907.10 |
|
(Decrease)
/ Increase in provisions |
(251.31) |
(93.21) |
|
(Decrease)
/ Increase in other non-financial liabilities |
359.54 |
112.15 |
|
Interest
received |
72,521.58 |
49,729.46 |
|
Interest
paid |
(41,678.89) |
(29,144.64) |
|
Income
tax paid (net of refunds) |
(3,719.40) |
(2,867.46) |
|
Changes
in Accounting Policies / Prior Period Errors |
0.44 |
- |
|
Derivative
financial instruments |
105.85 |
(11.77) |
|
Net
Cash generated from/(Used in) Operating Activities |
(1,38,491.63) |
-1,32,111.11 |
|
Cash
Flow from Investing Activities |
|
|
|
Purchase
of property, plant and equipment |
(5,863.46) |
(120.88) |
|
Purchase
of Investment property |
(32.20) |
(58.05) |
|
Rental
income on Investment property |
9.15 |
9.15 |
|
Proceeds
from sale of property, plant and equipment |
52.32 |
344.35 |
|
Proceeds
from sale of Investment property |
- |
(288.33) |
|
Purchase
of intangible assets |
(18.72) |
(43.40) |
|
Purchase
of investments in market instruments |
11,056.48 |
8,841.20 |
|
Net
Cash generated from/(Used in) Investing Activities |
5,203.57 |
8,684.05 |
|
Cash
Flow from Financing Activities |
|
|
|
Proceeds
from issue of equity shares (including securities premium) |
(0.00) |
12,000.01 |
|
Share
issue expenses |
(18.00) |
(879.18) |
|
Amount
received from debt securities |
70,300.00 |
15,000.00 |
|
Repayment
of debt securities |
(13,478.86) |
(19,889.84) |
|
Amount
received from borrowings other than debt securities |
2,36,799.23 |
1,62,694.34 |
|
Repayment
of borrowings other than debt securities |
(1,36,521.88) |
(68,329.30) |
|
Payment
of principal portion of lease liabilities |
(214.74) |
(219.12) |
|
Payment
of interest on lease liabilities |
(46.48) |
(46.08) |
|
Net
Cash generated from/(Used in) Financing Activities |
1,56,819.27 |
1,00,330.83 |
|
Net
Increase / (Decrease) in Cash and Cash Equivalents |
23,531.21 |
(23,096.22) |
|
Cash
and Cash Equivalents at the beginning of Year |
4,721.04 |
27,817.26 |
|
Cash
and Cash Equivalents at the end of the Year |
28,252.25 |
4,721.03 |
Summary of
the Cash Flow Statement for the years 2025 and 2024:
Cash Flow from Operating
Activities
In
FY 2025, the company reported negative
operating cash flow of ₹1,38,492 lakhs, compared to negative ₹1,32,111 lakhs in FY 2024. This indicates that the
company continues to use more cash in its core lending operations than it
generates. The major outflow arises from the sharp increase in loans disbursed
(₹1,55,410 lakhs) and high interest
income recognized, which is largely non-cash in nature at this stage. Although
interest received (₹72,522 lakhs)
and interest paid (₹41,679 lakhs)
partially offset the outflows, they were not sufficient to cover the heavy
expansion in lending assets. This trend is typical for a growing NBFC, as fresh
disbursements initially consume cash. However, the sustained negative CFO
suggests reliance on external funding to support loan book growth.
Cash Flow from Investing
Activities
The
company generated a positive investing
cash flow of ₹5,204 lakhs in FY 2025, though slightly lower than ₹8,684 lakhs in FY 2024. The positive
inflow came mainly from redemption/sale
of investments in market instruments (₹11,056 lakhs), which outweighed the
outflows towards purchase of fixed assets (₹5,863 lakhs) and other minor
capital expenditures. This indicates that the company is freeing up cash from
its investment portfolio to support operations and reduce financing pressures.
The increase in capex spending on property, plant, and equipment also suggests
some level of infrastructure expansion.
Cash Flow from Financing
Activities
Financing
activities were the strongest contributor, with positive cash flow of ₹1,56,819 lakhs in FY 2025, compared to ₹1,00,331 lakhs in FY 2024. This
massive inflow was driven by a significant increase in borrowings other than
debt securities (₹2,36,799 lakhs)
and fresh debt security issuances (₹70,300
lakhs). These inflows were partly offset by repayments of debt (₹1,50,001 lakhs combined) and lease
liabilities. Unlike FY 2024, where equity infusion of ₹12,000 lakhs also supported financing, FY 2025 did not involve
equity raising, showing a shift towards debt-driven
growth. This highlights the company’s dependence on external borrowings to
fund its aggressive loan book expansion.
Net Cash Flow
Overall,
the company ended FY 2025 with a net
increase in cash and cash equivalents of ₹23,531 lakhs, reversing the ₹23,096 lakhs outflow in FY 2024.
Consequently, closing cash balances rose sharply to ₹28,252 lakhs from ₹4,721
lakhs last year. The strong financing inflows more than offset the negative
operating cash flow, ensuring liquidity stability. However, the heavy reliance
on borrowings poses a risk if funding sources tighten. The higher closing
balance gives the company a comfortable cushion for near-term obligations, but
sustainability will depend on effective loan recovery and prudent balance sheet
management.
