Progressive Finlease Limited Annual Reports, Balance Sheet and Financials

Progressive Finlease Limited Standalone Balance Sheet (Rs in Hundreds)

Progressive Finlease Limited Standalone Profit & Loss Statement (Rs in Hundreds)

Progressive Finlease Limited Standalone Cash Flow Statement (Rs in Hundreds)

Summary of cash flow statement:

Cash Flow from Operating Activities

The company reported a profit before tax of ₹373.33 (hundreds) in FY25, a strong turnaround from a loss of ₹38.21 in FY24. However, after adjusting for provisions and depreciation, the operating profit before working capital changes declined sharply to ₹196.13 from ₹758.48, mainly due to lower depreciation and reversal of provisions.

The major impact comes from working capital movements, which are highly volatile. There was a significant increase in loans & advances (₹34,418.57), indicating deployment of funds (typical for NBFCs), but also a massive increase in closing stock (-₹51,678.60), which consumed substantial cash. On the positive side, trade receivables decreased (₹12,800), improving cash inflow, while borrowings increased (₹3,026.42), providing some liquidity support.

Despite these inflows, the heavy investment in stock and other current assets led to an overall negative cash generated from operations (-₹197.63) compared to a positive ₹650.65 in FY24. Consequently, net cash from operating activities turned negative (-₹197.63) versus a strong inflow last year, indicating deterioration in core cash-generating ability.

Cash Flow from Investing Activities

There were no investing activities in FY25, whereas in FY24 the company had an outflow of ₹461.50 due to purchase of fixed assets. The absence of investing activity in the current year suggests no capital expenditure or asset expansion, which could indicate a pause in growth investments or a shift in focus toward managing working capital.

Cash Flow from Financing Activities

No financing activities were reported in both FY25 and FY24. This implies that the company did not raise fresh capital or repay significant borrowings through financing channels during the year. However, within operating activities, borrowings have increased, reflecting internal classification typical in NBFCs rather than separate financing cash flow disclosure.

Net Change in Cash Position

The company recorded a net decrease in cash and cash equivalents of ₹197.63 in FY25, compared to an increase of ₹150.36 in FY24. As a result, the closing cash balance dropped sharply to ₹15.55 from ₹213.18, indicating significant liquidity erosion during the year.