HDFC Securities Limited Unlisted Shares Financial Reports

HDFC Securities Limited Unlisted Shares

The document is a communication from HDFC Securities Limited to the BSE Limited, dated April 14, 2025, regarding the submission of audited financial results for the year ended March 31, 2025, in compliance with Regulation 52 (1) (2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It includes both standalone and consolidated financial results. The company's commercial papers were listed on the Stock Exchange on January 15, 2020, and this submission fulfills the regulatory requirements. **Independent Auditor's Report on Standalone Financial Results:** S.R. Batliboi & Co. LLP issued an independent auditor's report on the standalone financial results of HDFC Securities Limited for the quarter and year ended March 31, 2025. The auditors stated that the financial results present a true and fair view in conformity with the applicable accounting standards and the Listing Regulations. The audit was conducted in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013. The auditor's responsibilities included obtaining reasonable assurance about whether the statement as a whole is free from material misstatement, whether due to fraud or error. The report contains an “Other Matter” paragraph noting that the results for the quarter ended March 31, 2025, are the balancing figure between the audited figures for the full year and the previously published unaudited year-to-date figures up to the third quarter, which were subjected to a limited review. **Standalone Balance Sheet Highlights (as of March 31, 2025, in lacs):** * **Assets:** * Cash and cash equivalents: 83,098 * Bank Balances: 4,86,246 * Securities held for trading: 14,339 * Trade Receivables: 1,17,728 * Investments: 1,05,087 * Total Assets: 14,03,111 * **Liabilities:** * Trade Payables: 2,39,572 * Debt Securities: 7,74,152 * Lease Liabilities: 8,563 * Other financial liabilities: 16,050 * Total Liabilities: 10,58,600 * **Equity:** * Equity Share Capital: 1,777 * Other Equity: 3,33,082 * Total Equity: 3,34,859 **Standalone Statement of Profit and Loss (Year Ended March 31, 2025, in lacs):** * Total Revenue from operations: 3,26,380 * Total Income: 3,26,486 * Total Expenses: 1,76,871 * Profit Before Tax: 1,49,615 * Total Tax Expense: 37,113 * Profit for the period: 1,12,502 * Other Comprehensive Income: (207) * Total Comprehensive Income: 1,12,295 * Earnings per share (Face Value Rs 10 per share): 637.83 **Standalone Cash Flow Statement (Year Ended March 31, 2025, in lacs):** * Net cash flow from operating activities: 2,38,096 * Net cash flows (used in) / from investing activities: (13,813) * Net cash flows (used in) / from financing activities: (2,20,996) * Cash and Cash equivalents at the end of the year: 83,098 **Notes to Financial Results:** * 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. * During the year ended March 31, 2025, the company granted 3,34,287 ESOPs and allotted 1,18,768 equity shares. * During the period, the company had declared and paid multiple interim dividends. * Commercial papers were issued and redeemed during the period. * Investments in Government Securities are classified and measured at Amortized Cost. * HDFC Securities IFSC Limited, a wholly-owned subsidiary, was incorporated on October 1, 2024, in GIFT City with initial share capital of 15 crores. * HDFC Securities holds 100% equity interest in HDFC Securities IFSC Limited. **Key Financial Information (as of March 31, 2025):** * Securities Premium Account: 1,31,923 * Debt Equity Ratio (times): 2.37 * Net Worth: 3,34,859 * Net Profit after tax: 25,132 * EPS: 141.29 * Current Ratio: 1.19 * Current Liability Ratio: 0.99 * Operating Margin: 46% * Net Profit Margin: 8% **Details of Commercial Papers:** The document lists numerous commercial papers (CPs) that matured during the quarter and year ended March 31, 2025, including details such as the ISIN, issue date, maturity date, amount, rate of interest, and repayment date. It also lists commercial papers as at 31 March 2025 with related details. **Independent Auditor's Report on Consolidated Financial Results:** S.R. Batliboi & Co. LLP issued an independent auditor's report on the consolidated financial results of HDFC Securities Limited and its subsidiaries for the quarter and year ended March 31, 2025. The auditors stated that the consolidated financial results present a true and fair view in conformity with the applicable accounting standards and the Listing Regulations. The consolidated financial statements include the financial results of the Company and its subsidiary (together referred to as the "Group") as at 31 March 2025. The report contains an “Other Matter” paragraph noting unaudited financial results related to a subsidiary, however these financial results are not material to the Group. **Consolidated Balance Sheet Highlights (as of March 31, 2025, in lacs):** * **Assets:** * Cash and cash equivalents: 83,098 * Bank Balances: 4,86,246 * Securities held for trading: 14,339 * Trade Receivables: 1,17,654 * Investments: 1,05,087 * Total Assets: 14,03,066 * **Liabilities:** * Trade Payables: 2,39,584 * Debt Securities: 7,74,152 * Lease Liabilities: 8,563 * Other financial liabilities: 16,050 * Total Liabilities: 10,58,612 * **Equity:** * Equity Share Capital: 1,777 * Other Equity: 3,33,025 * Total Equity: 3,34,802 **Consolidated Statement of Profit and Loss (Year Ended March 31, 2025, in lacs):** * Total Revenue from operations: 3,26,380 * Total Income: 3,26,455 * Total Expenses: 1,76,896 * Profit Before Tax: 1,49,559 * Total Tax Expense: 37,113 * Profit for the period: 1,12,446 * Other Comprehensive Income: (207) * Total Comprehensive Income: 1,12,239 * Earnings per share (Face Value Rs 10 per share): 637.51 **Consolidated Cash Flow Statement (Year Ended March 31, 2025, in lacs):** * Net cash flow from operating activities: 2,38,096 * Net cash flows (used in) / from investing activities: (13,813) * Net cash flows (used in) / from financing activities: (2,20,996) * Cash and Cash equivalents at the end of the year: 83,098 **Notes to Consolidated Financial Results:** * The consolidated 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. * During the year ended March 31, 2025, the company granted 3,34,287 ESOPs and allotted 1,18,768 equity shares. * During the period, the company had declared and paid multiple interim dividends. * Commercial papers were issued and redeemed during the period. * Investments in Government Securities are classified and measured at Amortized Cost. * HDFC Securities IFSC Limited, a wholly-owned subsidiary, was incorporated on October 1, 2024, in GIFT City with initial share capital of 15 crores. * HDFC Securities holds 100% equity interest in HDFC Securities IFSC Limited and has been fully consolidated. **Key Financial Information (as of March 31, 2025):** * Securities Premium Account: 1,31,923 * Debt Equity Ratio (times): 2.37 * Net Worth: 3,34,802 * Net Profit after tax: 25,076 * EPS: 140.97 * Current Ratio: 1.19 * Current Liability Ratio: 0.99 * Operating Margin: 46% * Net Profit Margin: 8% **Details of Commercial Papers:** The document lists numerous commercial papers (CPs) that matured during the quarter and year ended March 31, 2025, including details such as the ISIN, issue date, maturity date, amount, rate of interest, and repayment date. It also lists commercial papers as at 31 March 2025 with related details.

HDFC Securities Limited Unlisted Shares

The document comprises HDFC Securities Limited's submission of audited financial results for the year ended March 31, 2024, compliant with Regulation 52 (1) (2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The submission, dated April 12, 2024, also includes the report of the statutory auditors. Commercial papers issued by the company were listed on the stock exchange with effect from January 15th, 2020. **Auditor's Report:** S.R. Batliboi & Co. LLP, Chartered Accountants, conducted an independent audit on the quarterly and year-to-date financial results. Their opinion, based on the information provided and explanations given, states that the financial results are presented in accordance with the Listing Regulations and provide a true and fair view of the net profit, other comprehensive income, and financial information of the company for the quarter and year ended March 31, 2024, conforming to applicable accounting standards and principles generally accepted in India. The audit was conducted as per the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013. **Statement of Assets and Liabilities (in Lacs):** * **Total Assets:** Increased from ₹8,27,654 as of March 31, 2023, to ₹14,10,307 as of March 31, 2024. * **Financial Assets:** Increased from ₹7,99,943 to ₹13,78,545. Key components include: * Cash and cash equivalents: Increased from ₹39,210 to ₹79,811. * Bank balances (other than cash equivalents): Increased from ₹3,19,980 to ₹4,57,774. * Trade Receivables: Increased from ₹40,727 to ₹1,28,657. * Loans: Increased from ₹2,74,757 to ₹6,02,524 * Investments: Decreased from ₹1,21,361 to ₹1,00,533 * Other financial assets: Increased from ₹3,908 to ₹9,246 * **Non-Financial Assets:** Increased from ₹27,711 to ₹31,762. * **Total Liabilities and Equity:** Increased from ₹8,27,654 to ₹14,10,307. * **Total Financial Liabilities:** Increased from ₹6,42,542 to ₹11,99,689. * **Total Non-Financial Liabilities:** Increased from ₹5,398 to ₹7,694. * **Total Equity:** Increased from ₹1,79,714 to ₹2,02,924. Components include: * Equity Share capital: Increased from ₹1,589 to ₹1,597. * Other equity: Increased from ₹1,78,125 to ₹2,01,327. **Statement of Audited Financial Results (in Lacs):** * **Total Revenue from Operations:** Increased from ₹1,89,127 to ₹2,66,012. This includes: * Interest Income: Increased from ₹64,765 to ₹1,03,072. * Fees and Commission Income: Increased from ₹1,18,240 to ₹1,59,717. * **Total Income:** Increased from ₹1,89,163 to ₹2,66,073. * **Total Expenses:** Increased from ₹84,973 to ₹1,38,930. Key components include: * Finance costs: Increased from ₹29,588 to ₹60,050. * Employee Benefits Expenses: Increased from ₹27,471 to ₹38,452. * **Profit Before Tax:** Increased from ₹1,04,190 to ₹1,27,143. * **Total Tax Expense:** Increased from ₹26,468 to ₹32,054. * **Profit for the Period/Year:** Increased from ₹77,722 to ₹95,089. * **Earnings per equity share:** Increased from ₹490.22 to ₹597.42. **Cash Flow Statement (in Lacs):** * **Net Cash Flow from Operating Activities:** Decreased from ₹36,965 to ₹(2,74,697). * **Net Cash Flow from Investing Activities:** Decreased from ₹(97,339) to ₹20,704. * **Net Cash Flow from Financing Activities:** Increased from ₹(32,206) to ₹2,94,594. * **Net Increase/ (Decrease) in cash and cash equivalents:** Decreased from ₹(92,581) to ₹40,601. * **Cash and cash equivalents at the end of the year:** Increased from ₹39,210 to ₹79,811. **Other Key Highlights:** * The Board of Directors approved the financial results on April 12, 2024, after review by the Audit Committee. * The Company declared and paid four interim dividends during the period, totaling ₹80,249 lacs, inclusive of tax deductions at source. * The Company issued commercial papers of ₹33,55,500 lacs and redeemed commercial papers of ₹28,20,000 lacs during the period. * Investments in Government Securities are classified and measured at Amortized Cost. * Details of Commercial Papers matured and outstanding as of March 31, 2024, are provided.