Advanta (Delisted) financials and balance sheet
BSE: 532840
Formerly Advanta India
Last traded ₹643.50 on 29 Jul 2016
Delisted on 8 Jan 2018.
9 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to December, then March.Advanta annual reports
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
Back to profit in the year to Mar 2016, ₹69 CrA loss in 3 of the 9 years shown
Operating and net margin, per cent
- Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs.
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
The company moved its year end from December to March: its last year to December on record ended in Dec 2014, its first year to March in Mar 2016.
The years either side of a change of basis do not compare. From the year to Dec 2012, the company's revenue for that year, ₹103 Cr, differs from its quarters added, ₹95 Cr. From the year to Mar 2016, the company's revenue for that year, ₹91 Cr, differs from its quarters added, ₹76 Cr.
Results for the year to Mar 2016
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue91
- Materials and goods−36
- Employee costs−9.0
- Other expenses−26
- Operating profit21
- Depreciation−13
- Other income+20
- Finance costs+79
- Profit before tax107
- Tax−37
- Net profit69
Profit and loss
Standalone, ₹ crore, years to December, then March.Advanta quarterly results
| ₹ crore | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 103 | 129 | 105 | 112 | 139 | 103 | 83 | 83 | 91 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 84 | 121 | – | – | – | 79 | 64 | 65 | 70 |
| Materials and goods boughtCost of materials and goods. Raw materials used and goods bought for resale in the period, adjusted for the change in stock held. | – | 53 | 71 | 67 | 61 | 62 | 36 | 28 | 36 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. | – | – | – | – | – | 6 | 5 | 8 | 9 |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. | – | – | – | – | – | 11 | 22 | 29 | 26 |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | 19 | 7 | – | – | – | 24 | 19 | 18 | 21 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | 18.4% | 5.8% | – | – | – | 22.9% | 23.0% | 21.7% | 22.8% |
| Materials, % of revenueMaterials, % of revenue. Raw materials used and goods bought for resale, adjusted for the change in stock, divided by revenue, times 100. | – | – | – | – | – | 60.5% | 43.5% | 33.6% | 39.1% |
| Employee costs, % of revenueEmployee costs, % of revenue. Salaries, wages and other staff costs divided by revenue, times 100. | – | – | – | – | – | 5.8% | 6.5% | 9.7% | 9.9% |
| Other expenses, % of revenueOther expenses, % of revenue. Operating costs besides materials and staff divided by revenue, times 100; with the two above and the operating margin it makes 100. | – | – | – | – | – | 10.8% | 27.0% | 34.9% | 28.2% |
| Depreciation and amortisationDepreciation and amortisation. The part of the cost of plant, buildings and other long-lived assets charged against each year they are used. | 6 | 9 | – | – | – | 9 | 9 | 9 | 13 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | 13 | −1 | – | – | – | 15 | 10 | 9 | 7 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 18 | 33 | 5 | 29 | 31 | 27 | 29 | 21 | 20 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 11 | 22 | 24 | 47 | 48 | 36 | 33 | 28 | −79 |
| Profit before one-off items and taxProfit before one-off items and tax. Profit before tax as it would be without the one-off items below it, as the company states it. | – | 11 | −43 | −29 | 16 | 6 | 5 | 2 | 107 |
| One-off itemsExceptional items. Gains or losses the company reports separately because they are not expected to recur, such as selling a business or writing down an asset. | – | – | – | – | – | −5 | – | – | – |
| Profit before tax | 19 | 11 | −43 | −29 | 16 | 1 | 5 | 2 | 107 |
| Tax | 6 | 1 | −2 | – | 2 | −2 | 0 | 7 | 37 |
| Net profit | 12 | 9 | −41 | −30 | 14 | 3 | 5 | −5 | 69 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 11.8% | 6.7% | −39.5% | −26.6% | 10.2% | 2.9% | 5.6% | −6.2% | 76.0% |
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Dec 2007 and Dec 2008 they do not, so they are left blank. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the years to Dec 2009, Dec 2010 and Dec 2011: the statement does not state its depreciation, which operating profit is worked out from, so operating profit is not given.
Ratios
Standalone, years to December, then March.
| Ratio | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue growthRevenue growth. This year's revenue less last year's, divided by last year's, times 100; blank where last year's is not above nought. | – | 25.1% | −18.6% | 6.6% | 24.7% | – | −19.2% | 0.1% | – |
| Operating profit growthOperating profit growth. This year's operating profit before depreciation less last year's, divided by last year's, times 100; blank where last year's is not above nought. | – | −60.5% | – | – | – | – | −18.8% | −5.5% | – |
| Net profit growthNet profit growth. This year's net profit less last year's, divided by last year's, times 100; blank where last year's is not above nought. | – | −29.7% | – | – | – | −79.3% | 58.0% | – | – |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. | 1.1 | – | – | – | – | 0.4 | 0.3 | 0.3 | −0.1 |
Interest cover is left blank for the year to Dec 2008: operating profit after depreciation is a loss, and a loss covers no interest bill. Revenue growth is left blank for the year to Dec 2012: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out.
Accounting checks
Standalone, years to December, then March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|
| Effective tax rateEffective tax rate. Tax charged as a percentage of profit before tax.Published threshold 17.16 per cent | 7.04 | – | – | 10.98 | −146.81 | 9.36 | 396.45 | – |
A threshold marked as ours has no published figure; it is the line we read the check against.