| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Utkarsh Coreinvest Limited |
|
Particulars |
31-03-2026 |
31-03-2025 |
|
Financial Assets |
|
|
|
Cash And Cash Equivalents |
1,777.02 |
3,331.74 |
|
Bank Balance Other Than Above |
555.67 |
109.11 |
|
Loans |
18,019.47 |
18,040.46 |
|
Investments |
7,003.35 |
5,022.47 |
|
Other Financial Assets |
291.51 |
233.31 |
|
Non-Financial Assets |
|
|
|
Current Tax Assets (Net) |
71.76 |
78.27 |
|
Deferred Tax Assets (Net) |
555.62 |
301.52 |
|
Property, Plant And Equipment |
546.14 |
596.17 |
|
Capital Work-In-Progress |
125.13 |
63.00 |
|
Other Intangible Assets |
24.17 |
21.04 |
|
Other Non-Financial Assets |
41.14 |
47.24 |
|
Total Assets |
29,010.97 |
27,844.34 |
|
Financial Liabilities |
|
|
|
Trade Payables - Dues To Micro And Small Enterprises |
26.45 |
10.14 |
|
Trade Payables - Dues To Creditors Other Than Micro And Small
Enterprises |
45.35 |
30.61 |
|
Borrowings (Other Than Debt Securities) |
2,341.92 |
1,845.42 |
|
Lease Liability |
284.38 |
345.34 |
|
Deposits |
22,611.36 |
22,235.30 |
|
Subordinated Liabilities |
501.12 |
515.89 |
|
Other Financial Liabilities |
565.40 |
330.66 |
|
Non-Financial Assets |
|
|
|
Current Tax Liabilities (Net) |
- |
9.70 |
|
Provisions |
5.89 |
5.87 |
|
Other Non-Financial Liabilities |
7.74 |
7.18 |
|
Equity |
|
|
|
Equity Share Capital |
99.38 |
99.37 |
|
Other Equity |
1,054.45 |
1,628.54 |
|
Non-Controlling Interest |
1,467.52 |
780.31 |
|
Total Liabilities And Equity |
29,010.97 |
27,844.34 |
|
Particulars |
31-03-2026 |
31-03-2025 |
|
Revenue From Operations |
|
|
|
Interest Income |
3,640.22 |
3,845.37 |
|
Fees And Commission Income |
34.68 |
44.04 |
|
Other Income |
215.22 |
266.21 |
|
Total Income |
3,890.11 |
4,155.62 |
|
Expenses |
|
|
|
Finance Costs |
1,914.16 |
1,714.38 |
|
Fees And Commission Expense |
147.75 |
121.86 |
|
Net Loss On Fair Value Changes |
-39.12 |
24.22 |
|
Impairment On Financial Instruments |
1,310.64 |
1,369.85 |
|
Employee Benefits Expenses |
952.51 |
853.64 |
|
Depreciation And Amortisation |
137.68 |
135.48 |
|
Others Expenses |
555.73 |
491.64 |
|
Total Expenses |
4,979.34 |
4,711.08 |
|
Profit/(Loss) Before Tax |
-1,089.22 |
-555.46 |
|
Current Tax |
2.93 |
26.49 |
|
Deferred Tax |
-253.81 |
-159.65 |
|
Profit For The Year |
-838.35 |
-422.29 |
|
Other Comprehensive Income |
|
|
|
Actuarial Gain/(Loss) On Defined Benefit Obligation |
-1.13 |
3.39 |
|
Income Tax Relating To Items That Will Not Be Reclassified To
Profit Or Loss |
0.28 |
-0.86 |
|
Subtotal - Items That Will Not Be Reclassified To Profit Or Loss |
-0.84 |
2.53 |
|
Total Comprehensive Income
For The Year |
-839.19 |
-419.76 |
|
Earnings Per Equity Share Basic |
-84.57 |
-42.66 |
|
Earnings Per Equity Share Diluted |
-84.52 |
-42.50 |
|
Particulars |
31-03-2026 |
31-03-2025 |
|
Cash Flows From Operating
Activities |
|
|
|
Net Profit Before Tax |
-1,089.22 |
-555.46 |
|
Adjustments For: |
|
|
|
Depreciation And Amortisation |
137.68 |
135.48 |
|
Impairment Provision/Write Offs |
1,310.64 |
1,369.85 |
|
Net (Gain)/Loss In Fair Value Changes |
-39.12 |
24.22 |
|
Finance Costs |
1,914.16 |
1,714.38 |
|
Interest Income On Investments |
-401.68 |
-270.96 |
|
Interest Income On Loans |
-3,106.64 |
-3,423.43 |
|
Interest Income On Term Deposits |
-33.26 |
-9.38 |
|
Interest Income On RBI Reverse Repo, TREPS, Call/Term Lending |
-98.63 |
-141.59 |
|
Employee Share Based Expense |
11.11 |
22.16 |
|
Impairment On Non-Financial Asset |
-2.21 |
1.26 |
|
Profit/Loss On Sale Of Property, Plant And Equipment |
0.19 |
-0.24 |
|
Profit/Loss On Sale Of Investments |
- |
- |
|
Interest Paid On Deposits |
-1,406.97 |
-1,411.64 |
|
Interest Received On Loans And Advances |
2,956.70 |
3,635.14 |
|
Operating Cash Flow Before
Working Capital Changes |
152.72 |
1,089.78 |
|
(Increase) In Loans |
-1,138.55 |
-1,971.59 |
|
(Increase) In Other Financial Assets |
-54.39 |
-10.91 |
|
Decrease/(Increase) In Other Non-Financial Asset |
6.10 |
-29.50 |
|
Increase In Deposits |
80.61 |
4,088.31 |
|
Increase In Other Financial Liability |
234.74 |
-51.89 |
|
Increase In Other Non-Financial Liability |
0.56 |
-0.91 |
|
Increase In Trade Payables |
31.05 |
-8.71 |
|
Increase In Provision |
1.10 |
-5.00 |
|
Cash Flow From Operations |
-686.05 |
3,099.59 |
|
Income Tax Paid |
-6.13 |
-73.60 |
|
Net Cash Flow From
Operating Activities |
-692.18 |
3,025.99 |
|
Cash Flow From Investing
Activities |
|
|
|
Purchase Of Property, Plant And Equipments (Including Capital
Work In Progress) |
-140.66 |
-138.83 |
|
Proceeds From Sale Of Property, Plant And Equipments |
7.14 |
1.28 |
|
Purchase Of Intangible Assets |
-19.49 |
-12.76 |
|
Purchase Of Investments |
-1,882.55 |
-1,300.00 |
|
Acquisition By Non-Controlling Interest |
941.23 |
9.16 |
|
Deposits In Other Bank Balances |
-1,100.93 |
-157.86 |
|
Withdrawals In Other Bank Balances |
661.71 |
234.36 |
|
Dividend Income |
- |
- |
|
Interest Received |
466.37 |
412.04 |
|
Net Cash Used In Investing
Activities |
-1,067.18 |
-952.62 |
|
Cash Flow From Financing
Activities |
|
|
|
Issue Of Equity Shares |
0.05 |
5.13 |
|
Share Application Money Received |
0.00 |
0.02 |
|
Payment To Shareholders Under Shareholder Agreement |
0.00 |
-30.00 |
|
Payment Of Lease Liabilities |
-92.48 |
-82.85 |
|
Repayment Of Borrowings |
-815.41 |
-2,769.55 |
|
Proceeds From Borrowings |
1,311.08 |
1,154.00 |
|
Proceeds From Issue Of Subordinated Liabilities |
-15.00 |
305.00 |
|
Dividend Paid |
- |
-17.06 |
|
Interest Paid |
-183.59 |
-152.79 |
|
Net Cash (Used In)/From
Financing Activities |
204.64 |
-1,588.10 |
|
Net Increase/(Decrease) In Cash And Cash Equivalents |
-1,554.71 |
485.27 |
|
Opening Cash And Cash Equivalent |
3,331.74 |
2,846.47 |
|
Closing Cash And Cash
Equivalent |
1,777.02 |
3,331.74 |
Summary
of Cash Flow Statement for the years 2026 and 2025:
Cash
Flow from Operating Activities
The company’s
operating cash flow deteriorated significantly in FY2025-26. Net profit before
tax stood at a loss of ₹1,089.22 crore, compared with a loss of ₹555.46 crore
in FY2024-25. Although non-cash adjustments such as impairment
provisions/write-offs of ₹1,310.64 crore, depreciation of ₹137.68 crore and
finance costs of ₹1,914.16 crore supported operating cash generation, these
were offset by substantial interest-related outflows and lower interest income.
Operating cash flow before working-capital changes declined sharply to ₹152.72
crore from ₹1,089.78 crore. Working capital movements further weakened cash
generation, particularly the ₹1,138.55 crore increase in loans and only ₹80.61
crore increase in deposits. Consequently, cash flow from operations became
negative at ₹686.05 crore, compared with a strong positive ₹3,099.59 crore in
FY2024-25. After tax payments, net cash flow from operating activities was an
outflow of ₹692.18 crore, against an inflow of ₹3,025.99 crore in the previous
year. This indicates a major weakening in the company’s core cash-generating
capacity.
Cash
Flow from Investing Activities
Investing activities
resulted in a net cash outflow of ₹1,067.18 crore in FY2025-26, compared with
₹952.62 crore in FY2024-25, indicating a further increase in cash deployed
toward investments. The company spent ₹1,882.55 crore on investments, ₹140.66
crore on property, plant and equipment and ₹19.49 crore on intangible assets.
At the same time, the company received ₹941.23 crore through acquisition by
non-controlling interest, ₹661.71 crore from withdrawals from other bank
balances and ₹466.37 crore as interest received. However, these inflows were
insufficient to offset investment-related and bank-balance outflows. The
substantial increase in deposits in other bank balances, involving a net cash
outflow of approximately ₹439.22 crore, also contributed to the negative
investing cash flow. Overall, the investing section reflects continued
deployment of funds into investments and financial assets, putting additional
pressure on the company’s liquidity.
Cash
Flow from Financing Activities
Financing activities
generated a net cash inflow of ₹204.64 crore in FY2025-26, compared with a net
outflow of ₹1,588.10 crore in FY2024-25. The major source of funds was
₹1,311.08 crore of borrowings, which exceeded the repayment of borrowings of
₹815.41 crore. However, the company also incurred ₹92.48 crore toward lease
liabilities and ₹183.59 crore of interest payments. There was a ₹15 crore
outflow relating to subordinated liabilities, compared with an inflow of ₹305
crore in the previous year. Thus, the positive financing cash flow largely
resulted from increased reliance on borrowings to support liquidity. While this
helped partly offset the operating and investing cash outflows, it also
indicates greater dependence on external financing. The shift from a large
financing outflow in FY2024-25 to an inflow in FY2025-26 is therefore important
from a liquidity and leverage perspective.
Net
Cash Position
Overall, the company
experienced a substantial deterioration in its cash position during FY2025-26.
The combined effect of ₹692.18 crore operating outflow, ₹1,067.18 crore
investing outflow, and only ₹204.64 crore financing inflow resulted in a net
decrease in cash and cash equivalents of ₹1,554.71 crore. Consequently, closing
cash and cash equivalents declined from ₹3,331.74 crore to ₹1,777.02 crore, a
reduction of about 46.7%. The most concerning aspect is that cash generated
from operating activities was insufficient to fund investing requirements,
forcing the company to rely on additional borrowings. The large impairment
provision also signals stress in the underlying asset/loan portfolio, while the
increase in loans further absorbed cash. Overall, FY2025-26 reflects weaker
internal cash generation, continued investment-related cash requirements, and
greater dependence on financing, resulting in a materially weaker liquidity
position compared with FY2024-25.
