Vastu Housing Finance Annual Report and Financials

Particulars

31-03-2024

31-03-2023

Financial Assets

Cash and cash equivalents

59,098.22

64,867.66

Bank balances other than (a) above

28,284.60

12,098.34

Receivables

Trade receivables

1,936.93

2,093.85

Loans

7,52,764.16

5,18,188.71

Investments

50,051.69

23,759.73

Other financial assets

35,125.54

20,598.73

Non-financial Assets

Current tax assets (net)

625.40

920.44

Deferred tax assets (net)

-

490.79

Property, plant and equipment

1,067.27

747.62

Other intangible assets

29.83

34.88

Right of use asset

1,847.77

1,649.49

Other non-financial assets

860.23

1,087.83

Assets held for sale

2,265.79

2,516.52

Total Assets

9,33,957.43

6,49,054.59

Financial Liabilities

Trade payables

total outstanding dues of micro and small enterprises

10.71

2.16

total outstanding dues to creditors other than micro and small enterprises

3,218.80

2,768.60

Debt securities

41,210.79

28,700.12

Borrowings (other than debt securities)

4,73,548.49

3,18,908.06

Lease liability

2,009.71

1,765.89

Other financial liabilities

62,479.37

49,115.45

Non-financial Liabilities

Provisions

173.92

126.63

Deferred tax liabilities (net)

7,218.36

4,156.02

Other non-financial liabilities

4,321.69

2,721.99

Equity

Equity share capital

67,657.33

63,406.23

Other equity

2,72,108.26

1,77,383.39

Total Liabilities and Equity

9,33,957.43

6,49,054.54

Particulars

31-03-2024

31-03-2023

Revenue from operations

Interest income

1,03,361.86

61,991.61

Fees and commission income

3,161.85

2,477.83

Net gain on de-recognition of financial instruments under amortised cost category

13,491.34

8,304.81

Net gain on fair value change

1,338.86

631.18

Other operating income

4,052.06

3,447.38

Total revenue from operations

1,25,405.97

76,852.81

Other income

69.58

9.79

Total income

1,25,475.55

76,862.60

Expenses

Finance costs

42,368.22

17,224.02

Impairment on financial instruments

4,220.37

1,980.69

Employee benefits expenses

25,091.26

17,183.51

Depreciation and amortisation expense

1,313.16

809.98

Other expenses

5,481.97

3,648.88

Total expenses

78,474.98

40,847.08

Profit before tax

47,000.57

36,015.52

Current tax

7,274.29

6,039.21

 Earlier year tax

74.00

67.63

 Deferred tax

3,560.23

1,399.46

Profit for the year

36,092.05

28,509.22

Other comprehensive income

Items that will not be reclassified to profit or loss

Actuarial gain/(loss) on post-retirement benefit plans

-28.25

-28.01

Income tax on above

7.10

8.94

Total other comprehensive income

-21.15

-19.07

Total comprehensive income for the year

36,070.90

28,490.15

Earnings per equity share

Basic

56.77

45.11

Diluted

54.05

43.24

Particulars

31-03-2024

31-03-2023

Cash flow from operating activities

Profit / (Loss) before Taxation

47,000.57

36,015.51

Adjustment for:

Depreciation and amortisation expenses

393.09

216.12

Depreciation and Amortisation expenses (ROU)

920.07

593.86

Net gain on fair value changes (Unrealised)

-50.68

-7.13

Net gain on fair value changes

-1,288.18

-624.05

Provision for impairment and write-off of financial instruments

2,246.14

725.83

Interest income on deposits/govt securities

-5,208.09

-2,332.15

Interest expense on lease liability

205.50

147.99

Impairment of financial assets

1,974.23

1,254.86

Employee stock option

894.24

1,576.88

Provision for employee benefit expense (OCI)

-11.23

-2.44

(Gain)/Loss on sale of fixed asset

0.61

-0.16

Other comprehensive income

-9.92

-16.64

Operating profit before working capital changes

47,066.35

37,547.28

Adjustment for:

Decrease / (Increase) in non-financial assets

476.34

-3,976.24

Decrease / (Increase) in financial assets

-13,756.58

-9,434.87

Decrease / (Increase) in financial liabilities

13,696.34

18,323.94

Decrease / (Increase) in non-financial liabilities

1,644.66

2,912.34

Cash generated from operations

49,127.10

45,372.44

Direct taxes paid (net)

-7,057.02

-6,244.91

Cash generated from operations

42,070.08

39,127.54

Net Loans disbursed including assignment transactions

-2,39,244.76

-2,11,053.50

Net cash used in operating activities

-1,97,174.68

-1,71,925.96

Cash flow from investing activities

Investments in mutual fund units

-3,31,041.76

-2,38,209.20

Redemption of mutual fund units

3,22,391.83

2,39,670.52

Investment in government securities (net)

-15,110.24

-16,589.38

Interest on bank deposits

658.57

150.15

Acquisition/Purchase/Sale of property, plant & equipment and intangible assets (net)

-708.16

-693.10

Investment in Bank deposits

-3,76,546.00

-3,54,577.81

Proceeds from redemption of Bank deposit

3,63,676.14

3,62,180.11

Net cash used in investment activities

-36,679.62

-8,068.71

Cash flow from financing activities

Proceeds from issue of equity share (net)

62,010.84

212.17

Payment of lease liabilities

-1,080.03

-698.21

Proceeds from borrowings

3,00,157.45

2,53,520.42

Repayment of borrowings

-1,33,006.35

-61,459.50

Net cash generated from financing activities

2,28,081.91

1,91,574.88

Net (decrease) / increase in cash and cash equivalents

-5,772.39

11,580.21

Cash and cash equivalents at the beginning of the year

64,870.61

53,290.40

Cash and cash equivalents at the end of the year

59,098.22

64,870.61

Components of Cash & Cash equivalents

Cash on hand

26.51

20.52

Balance with banks:

In current accounts

7,306.06

10,565.54

In cash credit accounts

17.27

8.10

In deposit accounts with original maturity less than 3 months or less

51,748.38

54,276.45

Cash and cash equivalents at the end of the year

59,098.22

64,870.61

Operational cash flow from interest

Interest received

1,00,169.49

57,079.04

Inerest paid

40,193.54

15,851.16