HDFC Securities Limited Unlisted Shares

Financial Report Summary

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.