Balance Sheet
As At 31-03-2024 As At 31-03-2023
CAPITAL AND LIABILITIES
Capital ₹ 759.69 ₹ 557.97
Employees stock options outstanding ₹ 2,652.72 ₹ 1,117.20
Reserves and surplus ₹ 452,982.84 ₹ 287,762.33
Minority interest ₹ 13,383.40 ₹ 860.26
Deposits ₹ 2,376,887.28 ₹ 1,882,663.25
Borrowings ₹ 730,615.46 ₹ 256,548.66
Other liabilities and provisions ₹ 174,832.07 ₹ 100,922.77
Policyholders' funds ₹ 278,080.80
TOTAL ₹ 4,030,194.26 ₹ 2,530,432.44
ASSETS
Cash and balances with Reserve Bank of India ₹ 178,718.67 ₹ 117,189.28
Balances with banks and money at call and short notice ₹ 50,115.84 ₹ 79,958.53
Investments ₹ 1,005,681.63 ₹ 511,581.71
Advances ₹ 2,565,891.41 ₹ 1,661,949.29
Fixed assets ₹ 12,603.76 ₹ 8,282.56
Other assets ₹ 217,182.95 ₹ 151,322.28
Goodwill on Consolidation - ₹ 148.79
TOTAL ₹ 4,030,194.26 ₹ 2,530,432.44
Contingent liabilities ₹ 2,344,487.73 ₹ 1,750,953.81
Bills for collection ₹ 65,332.87 ₹ 71,439.54
Profit & Loss Account
As At 31-03-2024 As At 31-03-2023
INCOME
Interest earned ₹ 283,649.02 ₹ 170,754.05
Other income ₹ 124,345.75 ₹ 33,912.05
TOTAL ₹ 407,994.77 ₹ 204,666.10
EXPENDITURE
Interest expended ₹ 154,138.55 ₹ 77,779.94
Operating expenses ₹ 152,269.34 ₹ 51,533.69
Provisions and contingencies ₹ 36,140.38 ₹ 29,203.77
TOTAL ₹ 342,548.27 ₹ 158,517.40
PROFIT
Consolidated Net Profit for the year before minorities’ interest ₹ 65,446.50 ₹ 46,148.70
Less: Minority Interest ₹ 1,384.46 ₹ 151.59
Consolidated Net Profit for the year attributable to the group ₹ 64,062.04 ₹ 45,997.11
Brought forward consolidated profit attributable to the group ₹ 120,369.35 ₹ 99,062.77
Addition on amalgamation ₹ 3,570.10
TOTAL ₹ 254,832.45 ₹ 191,360.17
APPROPRIATIONS
Transfer to Statutory Reserve ₹ 15,684.72 ₹ 11,445.96
Transfer to General Reserve ₹ 6,081.23 ₹ 4,410.87
Transfer to Special Reserve ₹ 3,000.00 ₹ 500.00
Transfer to Capital Reserve ₹ 4,166.41 ₹ 4.62
Transfer to / (from) Investment Reserve Account (net) ₹ 529.42 ₹ -294.79
Transfer to / (from) Investment Fluctuation Reserve ₹ 378.00 ₹ 82.00
Dividend pertaining to previous year paid during the year ₹ 8,404.42 ₹ 8,604.52
Transfer to / (from) Minority Interest (opening adjustment) ₹ -288.28 ₹ -62.65
Balance carried over to consolidated balance sheet ₹ 150,045.57 ₹ 120,369.35
TOTAL ₹ 188,001.49 ₹ 145,059.88
EARNINGS PER EQUITY SHARE (FACE VALUE ` 1 PER SHARE)
Basic ₹ 90.42 ₹ 82.64
Diluted ₹ 90.01 ₹ 82.27
Cash Flow Statement
As At 31-03-2024 As At 31-03-2023
Cash flows from operating activities:
Consolidated profit before income tax and after minority interest ₹ 75,184.14 ₹ 61,346.80
Adjustments for:
Depreciation on fixed assets ₹ 3,092.08 ₹ 2,345.47
(Profit) / loss on revaluation of investments ₹ -6,957.14 ₹ 545.82
Amortisation of premium on held to maturity investments ₹ 966.09 ₹ 851.20
Profit on sale of fixed assets ₹ -75.36 ₹ -8.05
Profit on sale of investment in subsidiary ₹ -7,341.42
Provision / charge for non performing assets ₹ 12,540.05 ₹ 13,561.19
Floating provisions ₹ 10,900.00
Provision for standard assets and contingencies ₹ 1,578.23 ₹ 292.89
Employee stock options / units expense ₹ 1,731.73 ₹ 787.06
TOTAL ₹ 91,618.40 ₹ 79,722.38
Adjustments for:
Increase in investments ₹ -88,411.63 ₹ -64,182.03
Increase in advances ₹ -309,210.70 ₹ -254,569.45
Increase in deposits ₹ 336,964.81 ₹ 324,660.22
Increase in other assets ₹ -31,197.26 ₹ -58,909.79
Increase in other liabilities and provisions ₹ 6,420.40 ₹ 10,459.86
Increase in policyholders' funds ₹ 35,728.16
₹ 41,912.18 ₹ 37,181.19
Direct taxes paid (net of refunds) ₹ -22,842.84 ₹ -16,367.49
Net cash flows from operating activities ₹ 19,069.34 ₹ 20,813.70
Cash flows from investing activities:
Purchase of fixed assets ₹ -4,286.72 ₹ -3,466.57
Proceeds from sale of fixed assets ₹ 99.82 ₹ 42.68
Proceeds from sale of investment in subsidiary (net) ₹ 9,500.67
Net cash flow from / (used) in investing activities ₹ 5,313.77 ₹ -3,423.89
Cash flows from financing activities:
Increase in minority interest ₹ 1,201.66 ₹ 198.96
Proceeds from exercise of convertible equity warrants ₹ 3,192.81
Proceeds from issue of share capital other than warrants ₹ 5,249.73 ₹ 3,415.83
Proceeds from issue of Tier 1 and Tier 2 capital instruments ₹ 2,350.00 ₹ 23,000.00
Redemption of Tier 1 and Tier 2 capital instruments ₹ -230.00 ₹ -12,077.00
(Decrease) / Increase in other borrowings ₹ -7,342.84 ₹ 18,007.29
Dividend paid during the year ₹ -8,404.42 ₹ -8,604.52
Net cash flow (used) / from financing activities ₹ -3,983.06 ₹ 23,940.56
Effect of fluctuation in foreign currency translation reserve ₹ 104.94 ₹ 431.71
Net increase in cash and cash equivalents ₹ 20,504.99 ₹ 41,762.08
Cash and cash equivalents at the beginning of the year ₹ 197,147.81 ₹ 155,385.73
Cash and cash equivalents acquired on amalgamation ₹ 11,181.71
Cash and cash equivalents at the end of the year ₹ 228,834.51 ₹ 197,147.81
As At 31-03-2022
₹ 554.55
₹ 246,771.62
₹ 720.41
₹ 1,558,003.03
₹ 226,966.50
₹ 89,918.19
₹ 2,122,934.30
₹ 130,030.71
₹ 25,355.02
₹ 449,263.86
₹ 1,420,942.28
₹ 6,283.28
₹ 90,910.36
₹ 148.79
₹ 2,122,934.30
₹ 1,400,197.64
₹ 56,968.05
As At 31-03-2022
₹ 135,936.41
₹ 31,758.99
₹ 167,695.40
₹ 58,584.33
₹ 40,312.43
₹ 30,647.74
₹ 129,544.50
₹ 38,150.90
₹ 98.15
₹ 38,052.75
₹ 78,594.20
₹ 154,896.00 ******
₹ 9,444.38
₹ 3,696.14
₹ 666.47
₹ 233.13
₹ 3,592.40
₹ -48.34
₹ 99,062.77
₹ 116,646.95
₹ 68.77
₹ 68.31
As At 31-03-2022
₹ 50,775.24
₹ 1,680.73
₹ -1,546.40
₹ 821.32
₹ 3.25
₹ 13,286.95
₹ 5,418.21
₹ 341.24
₹ 70,780.54 *****
-10,849.22
-248,946.13
224,282.15
-40,044.70
7,655.94
₹ 2,878.59 *********
₹ -14,838.16
₹ -11,959.57
₹ -2,236.24
₹ 19.91
₹ -2,216.33
₹ 135.83
₹ 2,609.76
₹ 8,312.75
₹ -3,650.00
₹ 44,308.08
₹ -3,592.40
₹ 48,124.02
₹ 165.10
₹ 34,113.22 *****
₹ 121,272.51
₹ 155,385.73
Profitability Ratios
Ratio Name Formula At 31-03-2024 At 31-03-2023 At 31-03-2022
Net Profit Margin (Net Income / Total Income) *100
Return on Assets (Net Income / Total Assets) * 100
Return on Equity (Net Income / Shareholder's Equity) * 100
Interpretation
Liquidity/Solvency Ratios
Ratio Name Formula At 31-03-2024 At 31-03-2023
Current Ratio Current Assets / Current Liabilities
Cash Ratio Cash and Cash Equivalents / Current Liabilities
Operating Cash Flow Ratio Operating Cash Flow / Current Liabilities
Net Working Capital Ratio (Current Assets - Current Liabilities) / Total Assets
Debt-to-Equity Ratio Total Debt / Total Equity
Debt-to-Assets Ratio Total Debt / Total Assets
Interest Coverage Ratio EBIT / Interest Expense
At 31-03-2022 Interpretation
Valuation Ratio
Ratio Name Formula At 31-03-2024 At 31-03-2023
Earning Per Share Net Profit / Number of outstanding Shares
Price-To-Earnings (P/E) Market Price per share / Earning Per Share
Book Value Per Share Total Equity / Number of Outstanding Shares
Price-To-Book (P/B) Market Price per Share / Book Value per Share
At 31-03-2022 Interpretation
