Document Summary
Motilal Oswal Home Finance Limited (MOHFL) convened a Board of Directors meeting on April 23, 2025, to consider and approve the following: Audited Financial Results for the quarter and year ended March 31, 2025, and an offer to issue Secured/Unsecured Redeemable Non-Convertible Debentures (“NCDs") of upto Rs. 1,500 Crore on public/private placement basis, in one or more tranches, within the overall borrowing limits of the Company.
Financial Results (Year Ended March 31, 2025):
- Revenue: Total income increased to Rs 651.57 million.
- Interest income increased to Rs 607.70 million.
- Fees and commission income increased to Rs 19.44 million.
- Net gains on fair value changes amounted to Rs 2.81 million.
- Expenses: Total expenses were Rs 485.15 million.
- Finance costs stood at Rs 267.50 million.
- Employee benefits expenses totaled Rs 168.60 million.
- Profitability: Profit before tax was Rs 166.42 million.
- Total tax expenses were Rs 36.16 million.
- Profit for the year from continuing operations was Rs 130.26 million.
- Other Comprehensive Income: Total other comprehensive income was a loss of Rs 5.72 million.
- Equity and EPS: Paid-up equity share capital was Rs 605.39 million.
- Basic and diluted Earnings Per Share (EPS) were both Rs 0.22.
Statement of Assets and Liabilities (As at March 31, 2025):
- Assets: Total assets amounted to Rs 5,529.83 million.
- Financial assets totaled Rs 5,487.51 million, including:
- Loans: 4,836.32 million
- Cash and Cash Equivalents: 6,11.49 million
- Non-financial assets totaled Rs 42.33 million.
- Liabilities: Total liabilities amounted to Rs 4,086.90 million.
- Financial liabilities totaled Rs 4,086.90 million, including:
- Debt Securities: 5,72.33 million
- Borrowings: 3,130.59 million
- Non-financial liabilities totaled Rs 14.28 million.
- Equity: Total equity stood at Rs 1,442.86 million.
Statement of Cash Flows (Year Ended March 31, 2025):
- Net cash used in operating activities was Rs (569.05) million.
- Net cash inflow from investing activities was Rs 18.50 million.
- Net cash inflow from financing activities was Rs 718.71 million.
- Net Increase in Cash and cash equivalents was Rs 168.15 million.
Key Ratios and Metrics (Year Ended March 31, 2025):
- Debt-equity ratio: 2.59
- Capital to Risk Weighted Asset Ratio (CRAR): 40.81%
- Gross non-performing assets: 0.84%
- Net non-performing assets: 0.37%
Auditor's Opinion:
- MGB & Co LLP, Chartered Accountants, issued an unmodified opinion on the financial results for the quarter and year ended March 31, 2025. They also provided an independent auditor's certificate on security cover as at March 31, 2025.
Related Party Transactions:
- Transactions with Motilal Oswal Financial Services Limited and Motilal Oswal Finvest Limited, including availing and giving loans, interest payments/receipts, and reimbursements of expenses.
Utilization of Issue Proceeds:
- Details provided for utilization of Non-Convertible Debentures, confirming funds were utilized as intended.
Compliance and Covenants:
- The company has been compliant with regulatory requirements and covenants, including maintenance of the Recovery Expense Fund, timely payment of interest and principal, and adherence to various financial covenants.
Other Key Points:
- The company is primarily engaged in providing loans for residential houses and loans against properties.
- Details of loans where resolution plan has been implemented as per RBI circular on “Resolution Framework for COVID-19 – related stress" dated August 6, 2020 and May 5, 2021 are provided.
- The Board has approved that M/s MGB & Co. LLP, Statutory Auditors of the Company has issued the Auditors Report with unmodified opinion on the Audited Financial Results of the Company for financial year ended March 31, 2025.
- There was no direct assignment in the year ended March 2025 and year ended March 2024.
- The certificate has been issued in terms of engagement letter dated June 26, 2024.
