Reliance Capital (Reliance Capital) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Reliance Capital

Reliance Capital Limited Consolidated Balance Sheet (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
Assets
Cash and cash equivalents	78,827.00	69,479.00
Bank balance other than cash and cash equivalents	13,606	10,687
Derivative financial instruments	26,591.00	1,771.00
Trade receivables	135,865	251,946
Other receivables	1,087	1,056
Loans	67,395	61,287.00
Investments	5,668,755	4,852,415
Other financial assets	894,204.00	781,459.00
Inventories	2,857	3,038
Current tax assets (Net)	3,107.00	3,062.00
Deferred tax assets (Net)	17,635.00	17,512.00
Investment property	7,359.00	7,562.00
Property, plant and equipment	18,508.00	14,160.00
Capital work-in-progress	491	347
Intangible assets under development	1,937.00	1,264.00
Goodwill	495,146.00	495,146.00
Other intangible assets	10,344.00	9,473.00
Other non-financial assets	54,949	52,454
Total assets	7,498,663	6,634,118
Liabilities and Equity
Derivative financial instruments	-	205
Total outstanding dues of creditors other than micro enterprises and small enterprises	236,829	187,583
Other payables
Total outstanding dues of micro enterprises and small enterprises	-	-
Total outstanding dues of creditors other than micro enterprises and small enterprises	1,629	1,612
Debt securities	1,636,059	1,637,818
Borrowings (Other than debt securities)	115,843	118,643
Deposits	385	884
Subordinated liabilities	7,683	7,705
Other financial liabilities	6,232,196	5,542,711
Provisions	68,194	97,091
Other non-financial liabilities	192,977	162,753
Equity share capital	25,324	25,324
Other equity	-1,138,062	-1,231,853
Non-controlling interests	119,606	83,642
Total liabilities and equity	7,498,663	6,634,118

Reliance Capital Limited Consolidated Profit & Loss Statement (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
Interest income	3,287,18	2,854,31
Dividend income	11,659	9,989.00
Premium income	17,293,58	15,534,88
Fees and commission income	1,02,738	85,966
Net gain on fair value changes	2,52,056	-36,193.00
Other operating income	212	5,010
Other income	19,626	27,604
Total income	24,44,367	19,31,295
Expenses
Finance costs	3,879	29,942.00
Fees and commission expense	2,01,821	76,622.00
Net loss on fair value changes	54,137.00	1,51,532
Employee benefits expense	1,68,478	1,56,755
Depreciation, amortisation and impairment	1,14,34	1,15,593
Claims incurred and benefit paid (net)	86,548	70,337
Premium paid on reinsurance ceded	5,05,890	4,21,101
Change in valuation of liability in respect of life policies	4,48,720	2,96,892
Others expenses	1,40,714	2,49,474
Total expenses	23,96,621	20,97,288
Profit / (Loss) before exceptional items, [share of net profits / losses of investments	47,746	(1,65,993)
Share of net Profit / (Loss) of associates	955	566
Profit on sale of associate	48,701	(1,65,427)
Profit / (Loss) before exceptional items and tax	48,701	(1,65,427)
Exceptional items	12,196	10,512
Net Profit / (Loss) for the year	44,165	(1,75,941)
Income tax expense:
Current tax	12,196	10,512
Deferred tax	-7,660	2
Total tax expense	4,536	10,514
Profit / (Loss) for the year after tax	44,165	(1,75,941)
Other comprehensive income
Items that will not be reclassified to profit or loss
Change in fair value of FVOCI instrument	-18	3,769
Remeasurements of post-employment benefit obligations	-109	-453
Income tax relating to these items	-54	64
Total (items not reclassified)	-181	3,377
Items that will be reclassified to profit or loss
Change in fair value of FVOCI instrument	28,074	-39,054
Income tax relating to these items	20,203	9,829
Total (items reclassified)	48,277	-29,225
Other comprehensive income for the year	48,096	-25,848
Total comprehensive income for the year	92,261	(2,01,789)
Net Profit attributable to:
Owners of the Company	23,258	(1,77,856)
Non-controlling interest	20,907	4,915
Other Comprehensive income attributable to:
Owners of the Company	34,634	-27,919
Non-controlling interest	13,462	2,071
Total Comprehensive income attributable to:
Owners of the Company	57,892	(2,05,775)
Non-controlling interest	34,369	3,986
Earnings per equity share
Basic (₹)	17.59	-70.07
Diluted (₹)	17.59	-70.07

Reliance Capital Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
Operating activities:
Profit/(Loss) before tax	48,702	-165,427
Depreciation, amortisation and impairment	11,434	11,593
Bad debts recovered and credit balance written-back	-	-
Net Impairment on financial instruments and balances written-off	54,137	151,532
Provision for gratuity / leave encashment	-1,166	52
(Profit) / loss on sale of property, plant and equipment	-3,26,219	-2,79,875
Interest income on loans and investments	-2,499	-5,556
Dividend income on investments	-11,659	-9,989
Share of net loss /(Profit) of associates	-955	-566
Net gain on fair value of investment	-2,52,056	36,193
Interest expenses	3,879	28,492
Rent Income	23	1,451
Operating profit before working capital changes	(4,76,379)	(2,34,547)
Adjustments for (increase) / decrease in operating assets:
Interest received	2,437	5,398
Interest paid	-3,849	-4,406
Financial assets and non-financial assets	2,39,165	1,26,608
Adjustments for increase / (decrease) in operating liabilities:
Financial liabilities and non-financial liabilities	8,29,899	6,38,648
Net cash generated from operating activities	5,91,273	5,31,701
Less: Income taxes paid (net of refunds)	9,549	6,798
Net cash generated from operating activities	5,81,724	5,24,903
Investing activities:	2024	2023
Purchase of property, plant and equipment (including capital advances)	-18,376	-10,068.00
Sale of property, plant and equipment	2,275	783
Purchase of investments (net)	-5,63,330	-4,93,008
Rent Received	-23	2,347
Dividend received	11,659	9,989
Net cash used in investing activities	-5,67,795	-4,89,857
Financing activities:	2024	2023
Debt securities issued (repaid) (net)	-1,759	-8,504
Borrowing other than debt securities issued (net)	-2,822	-75,864
Net cash generated from / (used in) financing activities	-4,581	-84,368
Net increase/(decrease) in cash and cash equivalents (A + B + C)	9,348	-49,322
Cash and cash equivalents at beginning of the period	69,479	1,18,801
Cash and cash equivalents at end of the period	78,827	69,479

Here is a summary of Cash Flow Statement of Reliance Capital Limited for the years 2024 and 2023:(Rs in Lakhs)

Cash Flows from Operating Activities:

Profit/Loss Before Tax: A shift from a loss of ₹165,427 in 2023 to a profit of ₹48,702 in 2024 highlights an improved operational performance.

Adjustments: Significant adjustments include net impairment on financial instruments (₹54,137 in 2024, down from ₹151,532 in 2023), and a large loss on the sale of property and equipment (-₹326,219 in 2024). These reflect efforts to write off bad assets and restructuring activities.

Working Capital Changes: Adjustments for increased financial liabilities (₹829,899 in 2024) significantly boosted cash flow.

Net Cash Generated: After adjusting for income taxes paid, the net cash from operating activities rose slightly to ₹581,724 in 2024 from ₹524,903 in 2023, indicating improved core operations.

Cash Flows from Investing Activities:

Investments and Assets: Significant outflows for purchasing investments (₹563,330 in 2024) and property, plant, and equipment (₹18,376 in 2024) show ongoing investment in assets.

Proceeds: The sale of assets and dividend income provided inflows, but the overall net cash used in investing activities increased to ₹567,795 in 2024 compared to ₹489,857 in 2023, reflecting higher investment activity.

Cash Flows from Financing Activities:

Borrowings: Debt repayment and reduced borrowing activities led to a smaller outflow of ₹4,581 in 2024 compared to ₹84,368 in 2023. This suggests reduced reliance on external financing.

Net Impact: A reduced outflow signifies improved financial discipline or lesser debt obligations.

Net Cash Position:

Overall Change: The net increase in cash and cash equivalents was ₹9,348 in 2024, a recovery from the decline of ₹49,322 in 2023.

Cash at Period End: The cash balance improved to ₹78,827 in 2024 from ₹69,479 in 2023, reflecting better liquidity management despite large investment outflows.