| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| KRA Leasing Limited |
|
Particulars |
3/31/2024 |
3/31/2023 |
|
Financial Assets |
|
|
|
Cash and cash equivalents |
128.62 |
247.68 |
|
Other bank balance |
0.90 |
0.90 |
|
Trade receivables |
171.67 |
54.46 |
|
Loans and advances |
3,773.02 |
1,400.00 |
|
Investments |
987.51 |
3,075.30 |
|
Other financial assets |
46.76 |
35.57 |
|
Non-Financial Assets |
|
|
|
Current tax assets |
1.46 |
4.26 |
|
Investment properties |
346.68 |
358.39 |
|
Intangible assets |
0.40 |
0.52 |
|
Other non financial assets |
0.45 |
0.49 |
|
Total Assets |
5,457.47 |
5,177.57 |
|
Financial Liabilities |
|
|
|
Borrowings |
420.00 |
481.00 |
|
Payables: |
|
|
|
Total outstanding dues of other than MSME |
0.68 |
6.79 |
|
Other financial liabilities |
48.13 |
89.30 |
|
Non-Financial Liabilities |
|
|
|
Current income tax |
1.34 |
0.31 |
|
Provisions |
9.86 |
3.64 |
|
Deferred tax liabilities (net) |
0.05 |
29.13 |
|
Other non financial liabilities |
10.29 |
7.62 |
|
Equity |
|
|
|
Equity Share capital |
629.74 |
629.74 |
|
Other Equity |
4,054.60 |
3,690.13 |
|
Non controlling interest |
282.78 |
239.91 |
|
Total Equity & Liabilities |
5,457.47 |
5,177.57 |
|
Particulars |
3/31/2024 |
3/31/2023 |
|
Revenue from Operations |
|
|
|
Interest Income |
268.52 |
84.60 |
|
Rental Income |
259.70 |
260.77 |
|
Other Income |
178.44 |
13.87 |
|
Total Income |
706.66 |
359.24 |
|
Expenses |
|
|
|
Finance costs |
5.42 |
4.79 |
|
Impairment on financial instruments (net) |
- |
129.89 |
|
Employee benefits expenses |
2.16 |
2.16 |
|
Depreciation, Amortisation and Impairment |
11.82 |
11.78 |
|
Other Expenses |
66.01 |
61.95 |
|
Contigency prov. Against standard assets |
6.23 |
-1.46 |
|
Total Expenses |
91.64 |
209.11 |
|
Profit Before tax |
615.02 |
150.13 |
|
Current Tax |
124.39 |
57.97 |
|
Tax for previous years |
-3.35 |
-0.47 |
|
Profit for the period |
493.98 |
92.63 |
|
Other Comprehensive Income |
|
|
|
Items that will be reclassified to profit or loss in subsequent period |
|
|
|
Changes in fair value of mutual fund |
-115.73 |
74.92 |
|
Income tax relating to these items |
-29.13 |
18.86 |
|
Other Comprehensive Income, net of tax |
-86.60 |
56.06 |
|
Total Comprehensive income for the year |
407.38 |
148.69 |
|
Net profit attributable to: |
|
|
|
Owners of holding company |
465.24 |
64.45 |
|
Non Controlling interest |
28.74 |
28.18 |
|
Other Comprehensive income attributable to: |
|
|
|
Owners of holding company |
-86.60 |
56.06 |
|
Total Comprehensive income attributable to: |
|
|
|
Owners of holding company |
378.64 |
120.51 |
|
Non Controlling interest |
28.74 |
28.18 |
|
Earning per equity share |
|
|
|
Basic |
3.04 |
1.11 |
|
Diluted |
3.04 |
1.11 |
|
Particulars |
3/31/2024 |
3/31/2023 |
|
Cash Flow from Operating Activities |
|
|
|
Profit for the year |
615.03 |
150.13 |
|
Adjustments for : |
|
|
|
Depreciation provided in profit & loss statement |
11.82 |
11.78 |
|
Finance cost |
5.42 |
4.79 |
|
Impairment on financial instruments |
- |
129.89 |
|
Short term capital gain |
-103.44 |
-13.87 |
|
cont. provision against standard assets |
6.23 |
-1.46 |
|
Movement in Working capital: |
535.06 |
281.26 |
|
(Increase)/Decrease in trade and other receivables |
-117.21 |
192.76 |
|
(Increase)/Decrease in other assets |
-2,384.16 |
253.85 |
|
Increase/(Decrease) in trade payables |
-6.12 |
-0.45 |
|
Increase/(Decrease) in other liabilities |
-38.49 |
-34.31 |
|
Cash Generated from Operations |
-2,010.92 |
693.11 |
|
Income taxes paid |
117.22 |
53.99 |
|
Net cash generated from operating activities |
-2,128.14 |
639.12 |
|
Cash flows from Investing activities |
|
|
|
Purchase of mutual funds |
- |
-858.19 |
|
Sale of mutual funds |
2,075.50 |
200.00 |
|
Purchase of fixed assets |
- |
-0.60 |
|
Net cash used in Investing activities |
2,075.50 |
-658.79 |
|
Cash flows from Financing activities |
|
|
|
Increase in borrowings |
-61.00 |
-14.15 |
|
Interest paid |
-5.42 |
-4.79 |
|
Net Cash Flow from Financing activities |
-66.42 |
-18.94 |
|
Net Increase/Decrease in Cash and cash equivalents |
-119.06 |
-38.61 |
|
Cash and Cash Equivalents at beginning of the year |
247.68 |
286.29 |
|
Cash and Cash Equivalents as at end of the year |
128.62 |
247.68 |
Here is a summary of the Cash Flow Statement for the years 2024 and 2023:
Cash Flow from Operating Activities:
In the cash flow from operating activities section, the company starts with its profit for the year, which has increased significantly from Rs. 150.13 lakhs in FY 2022-2023 to Rs. 615.03 lakhs in FY 2023-2024. However, this profit is adjusted for various non-cash items and changes in working capital to arrive at the actual cash generated from operations.
Adjustments for non-cash items:
Depreciation: A non-cash expense of Rs. 11.82 lakhs in 2023-2024, which is slightly higher than the previous year’s Rs. 11.78 lakhs, is added back to the cash flow.
Finance costs: These are the interest expenses, which were Rs. 5.42 lakhs in 2023-2024, also added back to calculate the cash flow.
Impairment on financial instruments: The impairment of Rs. 129.89 lakhs reported in FY 2022-2023 did not recur in FY 2023-2024, so there was no adjustment in the current year.
Short-term capital gains: The company experienced a short-term capital loss of Rs. 103.44 lakhs in FY 2023-2024 compared to a smaller loss of Rs. 13.87 lakhs in the previous year. This is subtracted from the cash flow calculation.
Contingent provision against standard assets: The provision has increased to Rs. 6.23 lakhs in FY 2023-2024, compared to a reversal of Rs. 1.46 lakhs in FY 2022-2023, which is added back to the cash flow.
Movement in working capital: The working capital position has significantly changed in FY 2023-2024 with a substantial movement of Rs. 535.06 lakhs, as compared to Rs. 281.26 lakhs in the previous year. This change is primarily driven by:
Increase in trade and other receivables: The receivables have risen by Rs. 117.21 lakhs, which indicates that the company sold more goods or services on credit, reducing the immediate cash inflow.
Increase in other assets: A large outflow of Rs. 2,384.16 lakhs is noted here, which may represent increased investments or advances paid.
Decrease in trade payables: The trade payables have decreased by Rs. 6.12 lakhs, which suggests that the company paid off some of its short-term liabilities.
Increase in other liabilities: There was a small increase of Rs. 38.49 lakhs in other liabilities.
Due to these movements, the company’s cash generated from operations became negative, standing at Rs. -2,010.92 lakhs in FY 2023-2024, compared to a positive Rs. 693.11 lakhs in FY 2022-2023.
Income taxes paid: The company paid Rs. 117.22 lakhs in income taxes in FY 2023-2024, which is higher than the Rs. 53.99 lakhs paid in FY 2022-2023.
As a result, the net cash used in operating activities is negative in FY 2023-2024, amounting to Rs. -2,128.14 lakhs, compared to a positive cash flow of Rs. 639.12 lakhs in the previous year.
Cash Flow from Investing Activities:
In the cash flow from investing activities section, the company has seen significant activity in its investments during FY 2023-2024:
Sale of Mutual Funds: The company sold mutual funds for Rs. 2,075.50 lakhs in FY 2023-2024, compared to Rs. 200 lakhs in FY 2022-2023. This resulted in a net inflow of Rs. 2,075.50 lakhs in FY 2023-2024, which is a significant improvement in cash flow compared to the previous year’s inflow.
Purchase of Mutual Funds: There was no purchase of mutual funds in FY 2023-2024, unlike the previous year when Rs. 858.19 lakhs were used for buying mutual funds.
Purchase of Fixed Assets: There was a small purchase of fixed assets amounting to Rs. 0.60 lakhs in FY 2022-2023, but no such purchase was recorded in FY 2023-2024.
Thus, the net cash used in investing activities is positive at Rs. 2,075.50 lakhs in FY 2023-2024, compared to a cash outflow of Rs. 658.79 lakhs in FY 2022-2023, indicating strong cash inflow from the sale of investments.
Cash Flow from Financing Activities:
In the cash flow from financing activities section, the company experienced outflows related to borrowings and interest payments:
Increase in Borrowings: The borrowings decreased by Rs. 61 lakhs in FY 2023-2024, compared to a decrease of Rs. 14.15 lakhs in the previous year.
Interest Paid: The company paid Rs. 5.42 lakhs as interest in FY 2023-2024, slightly higher than the Rs. 4.79 lakhs in the previous year.
As a result, the net cash flow from financing activities is negative at Rs. -66.42 lakhs in FY 2023-2024, compared to a smaller negative cash flow of Rs. -18.94 lakhs in FY 2022-2023.
Net Cash Flow and Cash Position:
The net increase in cash and cash equivalents is negative at Rs. -119.06 lakhs in FY 2023-2024, compared to a smaller decrease of Rs. -38.61 lakhs in FY 2022-2023.
|
Particulars |
2024 |
2023 |
|
Capital to risk-weighted assets ratio (CRAR) |
1.01 |
1.03 |
|
Tier I CRAR |
0.38 |
0.65 |
|
Liquidity coverage ratio |
14.45 |
206.3 |
Here is a summary of the financial and operational metrics for KRA Leasing for the year 2024 and 2023:
Capital to Risk-Weighted Assets Ratio (CRAR):
The Capital to Risk-Weighted Assets Ratio (CRAR) is a key measure of a financial institution 's capital adequacy. It compares the bank’s capital against its risk-weighted assets (RWA), indicating its ability to absorb potential losses and maintain solvency. Regulatory authorities generally require banks to maintain a minimum CRAR of around 8% to ensure they have enough capital to cover risks. In 2024, the CRAR stands at 1.01, which is slightly lower than the 1.03 reported in 2023.
Tier I Capital to Risk-Weighted Assets Ratio (Tier I CRAR):
The Tier I Capital to Risk-Weighted Assets Ratio (Tier I CRAR) is a more specific measure of a bank 's financial strength, focusing on its core capital (Tier I capital). This ratio represents the proportion of a bank’s core capital (such as equity capital and disclosed reserves) to its risk-weighted assets, and a higher Tier I ratio signifies greater financial strength and resilience to absorb losses. In 2024, the Tier I CRAR stands at 0.38, a sharp decline from 0.65 in 2023.
Liquidity Coverage Ratio (LCR):
The Liquidity Coverage Ratio (LCR) measures the ability of a bank to withstand a 30-day period of financial stress by comparing the value of its high-quality liquid assets (HQLA) to its total net cash outflows over that period. A higher LCR indicates better liquidity, meaning the bank is more capable of meeting short-term obligations without resorting to additional borrowing or asset sales. In 2024, the LCR is 14.45, a drastic decline from 206.3 in 2023.
