Bharat Financial Inclusion (Delisted) financials and balance sheet
BSE: 533228
Formerly SKS Microfinance
Last traded ₹898.00 on 2 Jul 2019
Delisted on 27 May 2020.
8 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.Bharat Financial Inclusion annual reports
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
Peak revenue ₹1,917 Cr, year to Mar 2018A loss in 2 of the 8 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.
Results for the year to Mar 2018
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue1,917
- Operating expenses−924
- Operating profit994
- Depreciation−13
- Other income+185
- Finance costs−710
- Profit before tax455
- Tax+0.7
- Net profit455
Profit and loss
Standalone, ₹ crore, years to March.Bharat Financial Inclusion quarterly results
| ₹ crore | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,245 | 436 | 332 | 519 | 724 | 1,169 | 1,553 | 1,917 |
| Operating expensesOperating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 733 | – | 501 | – | 326 | 434 | 900 | 924 |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | 512 | – | −168 | – | 398 | 735 | 653 | 994 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | 41.1% | – | −50.7% | – | 55.0% | 62.9% | 42.1% | 51.8% |
| 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. | 16 | – | 6 | – | 5 | 8 | 13 | 13 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | 496 | – | −175 | – | 394 | 727 | 640 | 980 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 24 | 37 | 20 | 26 | 79 | 152 | 175 | 185 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 348 | 200 | 143 | 214 | 279 | 485 | 622 | 710 |
| Profit before tax | 172 | −1,324 | −297 | 70 | 194 | 394 | 193 | 455 |
| Tax | 61 | 37 | – | – | 6 | 91 | −97 | −1 |
| Net profit | 112 | −1,361 | −297 | 70 | 188 | 303 | 290 | 455 |
| 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. | 9.0% | −312.3% | −89.4% | 13.5% | 25.9% | 25.9% | 18.7% | 23.8% |
Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the years to Mar 2012 and Mar 2014: the statement does not state its depreciation, which operating profit is worked out from, so operating profit is not given.
Ratios
Standalone, years to March.
| Ratio | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|
| 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. | – | −65.0% | −23.8% | 56.2% | 39.5% | 61.5% | 32.8% | 23.4% |
| 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. | – | – | – | – | – | 84.7% | −11.2% | 52.1% |
| 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. | – | – | – | – | 168.7% | 61.4% | −4.4% | 57.2% |
| Earnings per share growthEarnings per share growth. This year's earnings per share less last year's, on the same share count, divided by last year's, times 100; blank where last year's is not above nought. | – | – | – | – | 136.0% | 57.0% | −8.7% | 50.7% |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. | 1.4 | – | – | – | 1.4 | 1.5 | 1.0 | 1.4 |
Interest cover is left blank for the year to Mar 2013: operating profit after depreciation is a loss, and a loss covers no interest bill.
Growth and returns over 3, 5 and 10 years
Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2018.
| Measure | 5 years | 3 years |
|---|---|---|
| Revenue growth, yearly rateRevenue growth, yearly rate. 3 years: Revenue in the latest year ÷ revenue in the year three years before, to the power of one third, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 5 years: Revenue in the latest year ÷ revenue in the year five years before, to the power of one fifth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 10 years: Revenue in the latest year ÷ revenue in the year ten years before, to the power of one tenth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. | 42.0% | 38.4% |
| Profit growth, yearly rateProfit growth, yearly rate. 3 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year three years before, to the power of one third, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 5 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year five years before, to the power of one fifth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 10 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year ten years before, to the power of one tenth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. | – | 34.4% |
| Operating margin, averageOperating margin, average. 3 years: The plain average of the yearly operating profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly operating profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly operating profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 52.9% | 52.3% |
| Net margin, averageNet margin, average. 3 years: The plain average of the yearly net profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly net profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly net profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 21.5% | 22.8% |
| Interest cover, averageInterest cover, average. 3 years: The plain average of the yearly interest cover over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly interest cover over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly interest cover over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 1.3 | 1.3 |
Accounting checks
Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|
| Effective tax rateEffective tax rate. Tax charged as a percentage of profit before tax.Published threshold 17.16 per cent | 35.26 | – | – | – | 3.05 | 23.08 | −50.22 | −0.15 |
A threshold marked as ours has no published figure; it is the line we read the check against.