| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Veritas Finance Limited |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Financial
Assets |
|
|
|
Cash
and cash equivalents |
53,821.85 |
47,744.92 |
|
Bank
balances other than cash and cash equivalent |
41,940.97 |
18,197.03 |
|
Other
Receivables |
38.05 |
170.09 |
|
Loans |
7,18,787.81 |
5,63,454.98 |
|
Investments |
17,069.51 |
- |
|
Other
Financial Assets |
5,758.30 |
2,357.66 |
|
Non-Financial
Assets |
|
|
|
Current
Tax Assets (Net) |
251.80 |
158.82 |
|
Deferred
tax Assets (net) |
6,409.50 |
4,141.29 |
|
Property,
plant and equipment (including right of use asset) |
4,298.65 |
4,622.67 |
|
Intangible
assets under development |
163.70 |
49.05 |
|
Other
Intangible assets |
731.36 |
839.68 |
|
Other
non-financial assets |
2,291.15 |
423.10 |
|
Total
Assets |
8,51,562.65 |
6,42,159.28 |
|
Financial
Liabilities |
|
|
|
Trade
Payables: |
|
|
|
Total
Outstanding dues of micro and small enterprises |
144.16 |
114.68 |
|
Total
outstanding dues of creditors other than above |
474.36 |
765.20 |
|
Debt
Securities |
56,830.92 |
30,812.15 |
|
Borrowings
(Other than debt securities) |
5,06,093.28 |
3,68,768.63 |
|
Other
Financial Liabilities |
7,624.98 |
7,289.13 |
|
Non-Financial
Liabilities |
|
|
|
Provisions |
1,337.58 |
866.07 |
|
Other
non-financial liabilities |
739.91 |
588.07 |
|
Equity |
|
|
|
Equity
Share Capital |
13,136.42 |
12,751.92 |
|
Other
Equity |
2,65,181.04 |
2,20,203.43 |
|
Total
Liabilities and Equity |
8,51,562.65 |
6,42,527.60 |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Revenue
from Operations |
|
|
|
Interest
Income |
1,47,446.06 |
1,05,706.44 |
|
Fee
and commission income |
3,483.42 |
3,186.30 |
|
Net
gain on fair Value changes |
2,508.44 |
2,220.54 |
|
Net
gain on De recognition of financial under amortised cost category |
1,587.91 |
- |
|
Sale
of services |
42.10 |
7.07 |
|
Other
Income |
672.03 |
628.98 |
|
Total
Income |
1,55,067.96 |
1,11,749.33 |
|
Expenses |
|
|
|
Finance
Costs |
48,309.17 |
31,441.64 |
|
Fees
and commission expense |
230.54 |
435.24 |
|
Impairment
on financial instruments |
17,134.20 |
9,016.56 |
|
Employee
Benefit Expenses |
40,711.00 |
29,160.93 |
|
Depreciation
and Amortization |
2,889.36 |
2,356.33 |
|
Other
Expenses |
7,633.37 |
7,042.17 |
|
Total
Expenses |
1,16,907.64 |
79,452.87 |
|
Profit
Before Tax |
38,832.32 |
32,296.46 |
|
Current
Tax |
11,491.16 |
8,834 |
|
Deferred
tax (Credit)/charge |
-2,170.00 |
(1,042.80) |
|
Profit
After Tax for the year |
29,511.16 |
24,505.26 |
|
Other
Comprehensive Income |
|
|
|
Re-measurement
of the defined benefit obligation |
-390.19 |
58.43 |
|
Income tax relating to items that will not be reclassified to profit and loss |
98.20 |
(14.71) |
|
Total Comprehensive income/(Loss) for the year, net of income tax |
29,219.17 |
24,548.98 |
|
Earnings per Share |
|
|
|
Basic |
22.44 |
19.04 |
|
Diluted |
22.25 |
18.86 |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Cash Flow from Operating Activities |
|
|
|
Profit before tax for the year |
38,832.32 |
32,296.46 |
|
Adjustments for: |
|
|
|
Depreciation and amortisation expense |
2,889.36 |
2,356.33 |
|
Impairment on financial instruments |
17,134.20 |
9,016.56 |
|
Share based payment expense |
1,933.12 |
773.14 |
|
Net (gain)/ loss on investments in mutual funds |
-2,508.44 |
-2,220.54 |
|
Interest income on loans and investments |
-1,44,027.44 |
-1,02,933.10 |
|
Interest income on security deposits |
-180.11 |
-76.23 |
|
(Gain)/ loss on termination of leased assets |
-20.55 |
-30.72 |
|
Net gain on derecognition of financial instruments under amortised category |
-1,587.91 |
- |
|
Finance costs |
48,309.17 |
31,441.64 |
|
(Gain) / loss on sale of property, plant and
equipment |
12.21 |
-11.06 |
|
Interest income on fixed deposits with banks |
-3,238.51 |
-2,697.12 |
|
Cash used in operations before working capital
changes and adjustments |
-42,452.58 |
-32,084.64 |
|
(Increase)/ Decrease in loans |
-1,79,588.91 |
-2,25,003.20 |
|
(Increase)/ Decrease in other receivables |
132.04 |
-166.02 |
|
(Increase)/ Decrease in other financial assets |
-1,806.20 |
-1,791.64 |
|
(Increase)/ Decrease in other non-financial
assets |
-1,868.04 |
-119.70 |
|
Increase/ (decrease) in trade payables |
-261.37 |
326.91 |
|
Increase/ (decrease) in other financial
liabilities |
462.45 |
1,993.08 |
|
Increase/ (decrease) in provisions |
28.60 |
100.99 |
|
Increase/ (decrease) in other non-financial
liabilities |
151.84 |
201.90 |
|
Cash used in operations before adjustments |
-2,25,202.17 |
-2,56,542.32 |
|
Proceeds from derecognition of financial
instruments |
7,207.85 |
- |
|
Interest income received on loans and investments |
1,44,963.65 |
1,03,034.52 |
|
Interest income received on security deposits |
111.36 |
19.72 |
|
Finance costs paid |
-48,735.72 |
-31,455.33 |
|
Income tax paid (net of refunds) |
-11,584.14 |
-8,940.65 |
|
Net cash used in operating activities |
-1,33,239.17 |
-1,93,884.06 |
|
Cash Flow from Investing Activities |
|
|
|
Purchase of PPE & intangibles |
-1,139.64 |
-2,129.76 |
|
Proceeds from sale of PPE |
57.97 |
31.43 |
|
Deposits placed with banks (net) |
-23,539.84 |
10,386.35 |
|
Interest received on fixed deposits |
2,035.35 |
2,924.57 |
|
Purchase of investments - mutual funds |
-6,41,571.54 |
-6,60,162.04 |
|
Purchase of investments - Government securities |
-5,020.99 |
- |
|
Proceeds from sale of investments - mutual funds |
6,32,059.80 |
6,62,382.58 |
|
Net cash used in investing activities |
-37,118.89 |
13,433.13 |
|
Cash Flow from Financing Activities |
|
|
|
Proceeds from issue of equity shares incl.
premium |
14,209.83 |
49,243.50 |
|
Payment of principal portion of lease liabilities |
-1,544.83 |
-1,199.24 |
|
Payment of interest portion of lease liabilities |
-327.52 |
-318.63 |
|
Payment of share issue expenses |
- |
-735.86 |
|
Proceeds from debt securities |
37,843.02 |
23,500.00 |
|
Proceeds from borrowings (other than debt
securities) |
3,14,636.65 |
2,67,216.00 |
|
Repayment of debt securities |
-11,718.02 |
-10,500.00 |
|
Repayment of borrowings (other than debt
securities) |
-1,76,664.14 |
-1,22,835.31 |
|
Net cash from financing activities |
1,76,434.99 |
2,04,370.46 |
|
Net increase / (decrease) in cash & cash
equivalents |
6,076.93 |
23,919.53 |
|
Cash & cash equivalents at beginning of year |
47,744.92 |
23,825.39 |
|
Cash & cash equivalents at end of year |
53,821.85 |
47,744.92 |
Summary
of the Cash Flow Statement for the years 2025 and 2024:
Cash Flow from
Operating Activities
The company recorded
a profit before tax of ₹38,832.32 lakhs in
FY 2024–25, higher than ₹32,296.46 lakhs in
the previous year. However, this profit does not directly translate into cash,
so several non-cash and non-operating adjustments are added back. These include
depreciation, impairment on financial instruments, share-based payment
expenses, and finance costs. At the same time, non-cash gains—such as gains on
mutual fund investments, derecognition of financial assets, and interest
income—are deducted from the operating profit to arrive at the actual
operational cash usage.
A major factor
affecting operating cash flow is the substantial increase in the loan book,
reflected in the large increase in loans of ₹1,79,588.91 lakhs,
which represents cash outflow for a lending financial institution. Other
working capital movements such as changes in receivables, payables, provisions,
and liabilities also contributed marginally to cash movement.
After incorporating
these working capital changes, cash used in operations before adjustments
totaled ₹2,25,202.17
lakhs, compared with ₹2,56,542.32 lakhs
last year. Subsequently, the company received interest on loans and deposits
and incurred finance cost and taxes. Ultimately, the net cash used in operating
activities stood at ₹1,33,239.17 lakhs,
indicating that despite strong profits, the company deployed substantial cash
into expanding its lending portfolio. In the previous year, the operating cash
outflow was even higher at ₹1,93,884.06 lakhs.
Cash Flow from
Investing Activities
Investing activities
mainly relate to the purchase and sale of fixed assets and financial
investments. The company made limited capital expenditure (PPE and intangibles)
of ₹1,139.64
lakhs, lower than the previous year. Deposits with banks
increased, indicating additional cash deployment in term deposits.
The company made
significant purchases of mutual funds (₹6,41,571.54 lakhs) and government
securities, but this was offset by substantial redemptions (₹6,32,059.80
lakhs). As a result, the net cash used in investing activities was ₹37,118.89
lakhs, whereas the previous year showed a net inflow of ₹13,433.13
lakhs. This indicates that in FY 2024–25, the firm deployed
more cash into investment avenues than it redeemed.
Cash Flow from
Financing Activities
Financing activities
showed strong inflows during the year. The company raised ₹14,209.83
lakhs through the issue of equity shares, though this was lower
compared to the previous year’s major fundraise. The business also received
substantial borrowings from debt securities and other loan sources—together
totaling ₹3,52,479.67
lakhs. At the same time, repayments of borrowings and debt
securities amounted to ₹1,88,382.16 lakhs.
Payments related to
leases and share issue expenses accounted for minor outflows. Net cash from
financing activities amounted to a robust ₹1,76,434.99
lakhs, slightly lower than the previous year 's ₹2,04,370.46
lakhs, but still the strongest contributor to positive cash
flow for the company.
Net Change in
Cash and Cash Equivalents
Combining all three
activities:
Operating
activities: Outflow of ₹1,33,239.17 lakhs
Investing
activities: Outflow of ₹37,118.89 lakhs
Financing
activities: Inflow of ₹1,76,434.99 lakhs
The overall net
increase in cash and cash equivalents for the year was ₹6,076.93 lakhs,
compared to ₹23,919.53 lakhs in the previous year.
