Q4FY2025 Results of HDFC Securities

Document Summary

Submission of Audited Financial Results for the Year Ended 31st March, 2025

HDFC Securities Limited submitted audited financial results for the year ended March 31, 2025, in accordance with SEBI regulations. The commercial papers issued by the company were listed on the Stock Exchange effective January 15, 2020.

Independent Auditor's Report

S.R. Batliboi & Co. LLP conducted an independent audit of the standalone and consolidated financial results of HDFC Securities Limited. The audit was performed according to the Standards on Auditing specified under Section 143(10) of the Companies Act, 2013. The auditors expressed an opinion that the financial results presented a true and fair view in conformity with applicable accounting standards and SEBI regulations. The audit also covered the examination of internal financial controls and going concern assumptions.

Balance Sheet Highlights (Standalone)

As of March 31, 2025, HDFC Securities Limited reported total assets of ₹14,03,111 in lacs, compared to ₹14,10,307 in lacs in 2024. Key components of assets included cash and cash equivalents (₹83,098 lacs), bank balances (₹4,86,246 lacs), securities held for trading (₹14,339 lacs), trade receivables (₹1,17,728 lacs), and investments (₹1,05,087 lacs). Liabilities primarily consisted of payables (₹2,39,572 lacs), debt securities (₹7,74,152 lacs), and other financial liabilities (₹16,050 lacs). Equity, including equity share capital and other equity, totaled ₹3,34,859 lacs.

Financial Performance (Standalone)

For the year ended March 31, 2025, HDFC Securities Limited reported total revenue from operations of ₹3,26,380 lacs and a profit before tax of ₹1,49,615 lacs. The profit for the period/year was ₹1,12,502 lacs. Earnings per share (EPS) was ₹637.83. Revenue streams included interest income (₹1,41,834 lacs) and fees and commission income (₹1,74,420 lacs).

Cash Flow Statement (Standalone)

The cash flow statement for the year ended March 31, 2025, showed net cash flow from operating activities of ₹2,38,096 lacs and net cash flows used in investing activities of ₹(13,813) lacs. Net cash flows used in financing activities amounted to ₹(2,20,996) lacs. Cash and cash equivalents at the end of the year stood at ₹83,098 lacs.

Additional Notes

The financial results were reviewed by the Audit Committee and approved by the Board of Directors on April 14, 2025. As of March 31, 2025, the company had 7,46,134 stock options outstanding under various ESOP schemes. The company declared and paid interim dividends totaling ₹16,706 lacs. During the period, the Company had issued commercial papers of 38,42,200 lacs and redeemed commercial papers of ₹40,25,000 lacs. During the financial year, the Company established a wholly-owned subsidiary, HDFC Securities IFSC Limited in GIFT City.

Details of Commercial Papers

The report includes detailed lists of commercial papers (CPs) matured and outstanding during the specified period, providing information such as ISIN, issue date, maturity date, amount, interest rate, and repayment date.

Consolidated Financial Results

The consolidated financial results incorporate the financials of HDFC Securities IFSC Limited, the company’s wholly-owned subsidiary. The consolidated balance sheet and statement of profit and loss reflect the group's financial position, and intercompany transactions have been eliminated.

Key Financial Information (Pursuant to SEBI's operational circular SEBI/HO/DDHS/P/CIR/2021/613 dated 10 August 2021) Securities Premium Account -(in lacs): 1,31,923 Paid up Debt Capital/ Outstanding Debt: - Outstanding Redeemable Preference Shares: - Debt Equity Ratio (times): 2.37 Capital Redemption Reserve: - Debenture Redemption Reserve: - Debt Service Coverage Ratio (EBITDA/Interest + Principal) (times): 0.27 Interest Service Coverage Ratio (EBITDA/Interest) (times): 2.99 Net Worth (in lacs): 3,34,802 Net Profit after tax (in lacs): 25,076 EPS (in ₹) : 140.97 Current Ratio: 1.19 Current Liability Ratio: 0.99 Total Debts to Total Assets: 0.57 Debtors Turnover (Total Revenue to Trade Receivable): 2.77 Operating Margin (%) (Profit before tax/Total Revenue from operation): 46% Net Profit Margin (%) (Profit after tax/Total Revenue): 8% Long term debt to working capital: - Bad debts to account receivable ratio: - Inventory turnover: - The auditor's report on the consolidated financial results also includes a section related to "Other Matter," addressing the unaudited financial results of a subsidiary.