General information about company

Scrip code511074
NSE Symbol
MSEI Symbol
ISIN*INE407F01018
Name of companyEasy Fincorp Limited
Type of company
Class of securityEquity
Date of start of financial year01-04-2021
Date of end of financial year31-03-2022
Date of board meeting when results were approved19-05-2022
Date on which prior intimation of the meeting for considering financial results was informed to the exchange10-05-2022
Description of presentation currencyINR
Level of rounding used in financial resultsLakhs
Reporting QuarterYearly
Nature of report standalone or consolidatedStandalone
Whether results are audited or unauditedAudited
Segment ReportingSingle segment
Description of single segmentOthers
Start date and time of board meeting19-05-2022 15:00
End date and time of board meeting19-05-2022 16:30
Whether cash flow statement is applicable on companyYes
Type of cash flow statementCash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualificationDeclaration of unmodified opinion



Financial Results – Ind-AS

Particulars3 months/ 6 months ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
ADate of start of reporting period01-01-202201-04-2021
BDate of end of reporting period31-03-202231-03-2022
CWhether results are audited or unauditedAuditedAudited
DNature of report standalone or consolidatedStandaloneStandalone
Part IBlue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1Income
Revenue from operations00
Other income2.087.91
Total income2.087.91
2Expenses
(a)Cost of materials consumed00
(b)Purchases of stock-in-trade00
(c)Changes in inventories of finished goods, work-in-progress and stock-in-trade00
(d)Employee benefit expense 1.556.39
(e)Finance costs00
(f)Depreciation, depletion and amortisation expense00
(f)Other Expenses
1Listing fees0.653
20ther Expenses1.594.44
10
Total other expenses2.247.44
Total expenses3.7913.83

Financial Results – Ind-AS

Particulars3 months/ 6 months ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
ADate of start of reporting period01-01-202201-04-2021
BDate of end of reporting period31-03-202231-03-2022
CWhether results are audited or unauditedAuditedAudited
DNature of report standalone or consolidatedStandaloneStandalone
Part IBlue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
3Total profit before exceptional items and tax-1.71-5.92
4Exceptional items 00
5Total profit before tax-1.71-5.92
7Tax expense
8Current tax8.948.94
9Deferred tax00
10Total tax expenses8.948.94
11Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement00
14Net Profit Loss for the period from continuing operations-10.65-14.86
15Profit (loss) from discontinued operations before tax00
16Tax expense of discontinued operations00
17Net profit (loss) from discontinued operation after tax00
19Share of profit (loss) of associates and joint ventures accounted for using equity method00
21Total profit (loss) for period-10.65-14.86

Financial Results – Ind-AS

Particulars3 months/ 6 month ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
ADate of start of reporting period01-01-202201-04-2021
BDate of end of reporting period31-03-202231-03-2022
CWhether results are audited or unauditedAuditedAudited
DNature of report standalone or consolidatedStandaloneStandalone
Other comprehensive income [Abstract]
1Amount of items that will not be reclassified to profit and loss
1Net Gain/ (Loss) on Fair value through OCI- Equity 187.19187.19
Total Amount of items that will not be reclassified to profit and loss187.19187.19
2Income tax relating to items that will not be reclassified to profit or loss 41.6641.66
3Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4Income tax relating to items that will be reclassified to profit or loss 00
5Total Other comprehensive income145.53145.53

Financial Results – Ind-AS

Particulars3 months/ 6 months ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
ADate of start of reporting period01-01-202201-04-2021
BDate of end of reporting period31-03-202231-03-2022
CWhether results are audited or unauditedAuditedAudited
DNature of report standalone or consolidatedStandaloneStandalone
Part IBlue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
23Total Comprehensive Income for the period134.88130.67
24Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
25Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent00
Total comprehensive income for the period attributable to owners of parent non-controlling interests00
26Details of equity share capital
Paid-up equity share capital24.524.5
Face value of equity share capital1010
27Details of debt securities
28Reserves excluding revaluation reserve377.33
29Earnings per share
iEarnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations-4.35-6.07
Diluted earnings (loss) per share from continuing operations-4.35-6.07
iiEarnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations00
Diluted earnings (loss) per share from discontinued operations00
iiEarnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations-4.35-6.07
Diluted earnings (loss) per share from continuing and discontinued operations-4.35-6.07
30Debt equity ratio
31Debt service coverage ratio
32Interest service coverage ratio
33Disclosure of notes on financial resultsTextual Information(1)

Text Block

Textual Information(1)1. The Audit Committee ha reviewed these results and the Board of Directors has approved the above results at their meeting held on 19th May, 2022.

2. The Company has only one reportable segment. Hence, the disclosure as required under Ind AS 108 'Segment Reporting' is not given.

3. The financial results of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013 read with the relevant rules of the Companies (Indian Accounting Standards) Rules, 2015 as amended by the Companies (Indian Accounting Standards) (Amendment) Rules, 2016.

4. The figures of the last quarter are the balancing figure between audited figures in respect of the full financial year and the published year todate figures upto the third quarter of the current financial year, which were subjected to Limited Review.

5. Current tax of Rs.8.94lac represents "Earlier years" tax amounts not receivable, written off.

6. Figure for the previous year/periods have been regrouped/ reclassified wherever necessary.



Statement of Asset and Liabilities

ParticularsCurrent year ended (dd-mm-yyyy)
Date of start of reporting period01-04-2021
Date of end of reporting period31-03-2022
Whether results are audited or unauditedAudited
Nature of report standalone or consolidatedStandalone
Assets
1 Non-current assets
Property, plant and equipment0
Capital work-in-progress0
Investment property0
Goodwill0
Other intangible assets0
Intangible assets under development0
Biological assets other than bearer plants0
Investments accounted for using equity method0
Non-current financial assets
Non-current investments915.04
Trade receivables, non-current0
Loans, non-current0
Other non-current financial assets0
Total non-current financial assets915.04
Deferred tax assets (net)
Other non-current assets
Total non-current assets915.04
2Current assets
Inventories0
Current financial asset
Current investments0
Trade receivables, current0
Cash and cash equivalents161.9
Bank balance other than cash and cash equivalents0
Loans, current0
Other current financial assets0
Total current financial assets161.9
Current tax assets (net)0
Other current assets0.78
Total current assets162.68

Statement of Asset and Liabilities

ParticularsCurrent year ended (dd-mm-yyyy)
Date of start of reporting period01-04-2021
Date of end of reporting period31-03-2022
Whether results are audited or unauditedAudited
Nature of report standalone or consolidatedStandalone
3Non-current assets classified as held for sale
4Regulatory deferral account debit balances and related deferred tax Assets
Total assets1077.72
Equity and liabilities
Equity
Equity attributable to owners of parent
Equity share capital24.5
Other equity377.33
Total equity attributable to owners of parent401.83
Non controlling interest
Total equity401.83
Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current0
Trade payables, non-current0
Other non-current financial liabilities475
Total non-current financial liabilities475
Provisions, non-current0
Deferred tax liabilities (net)200.09
Deferred government grants, Non-current0
Other non-current liabilities0
Total non-current liabilities675.09
Current liabilities
Current financial liabilities
Borrowings, current0
Trade payables, current0.8
Other current financial liabilities0
Total current financial liabilities0.8
Other current liabilities0
Provisions, current0
Current tax liabilities (Net)0
Deferred government grants, Current0
Total current liabilities0.8
3Liabilities directly associated with assets in disposal group classified as held for sale0
4Regulatory deferral account credit balances and related deferred tax liability0
Total liabilities675.89
Total equity and liabilites1077.72
Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results

Particulars3 months/ 6 month ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period01-01-202201-04-2021
Date of end of reporting period31-03-202231-03-2022
Whether accounts are audited or unauditedAuditedAudited
Nature of report standalone or consolidatedStandaloneStandalone
1Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3(Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets
Net Segment Asset
4Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities
Net Segment Liabilities
Disclosure of notes on segments

Cash flow statement, indirect

ParticularsYear ended (dd-mm-yyyy)
ADate of start of reporting period01-04-2021
BDate of end of reporting period31-03-2022
CWhether results are audited or unauditedAudited
DNature of report standalone or consolidatedStandalone
Part IBlue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax-5.92
Adjustments for reconcile profit (loss)
Adjustments for finance costs0
Adjustments for decrease (increase) in inventories0
Adjustments for decrease (increase) in trade receivables, current0
Adjustments for decrease (increase) in trade receivables, non-current0
Adjustments for decrease (increase) in other current assets8.98
Adjustments for decrease (increase) in other non-current assets0
Adjustments for other financial assets, non-current0
Adjustments for other financial assets, current0
Adjustments for other bank balances0
Adjustments for increase (decrease) in trade payables, current-4.54
Adjustments for increase (decrease) in trade payables, non-current0
Adjustments for increase (decrease) in other current liabilities-0.06
Adjustments for increase (decrease) in other non-current liabilities0
Adjustments for depreciation and amortisation expense0
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss0
Adjustments for provisions, current0
Adjustments for provisions, non-current0
Adjustments for other financial liabilities, current0
Adjustments for other financial liabilities, non-current0
Adjustments for unrealised foreign exchange losses gains0
Adjustments for dividend income0
Adjustments for interest income7.91
Adjustments for share-based payments0
Adjustments for fair value losses (gains)0
Adjustments for undistributed profits of associates0
Other adjustments for which cash effects are investing or financing cash flow0
Other adjustments to reconcile profit (loss)0
Other adjustments for non-cash items0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships0
Total adjustments for reconcile profit (loss)-3.53
Net cash flows from (used in) operations-9.45
Dividends received0
Interest paid0
Interest received0
Income taxes paid (refund)8.94
Other inflows (outflows) of cash0
Net cash flows from (used in) operating activities-18.39
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses0
Cash flows used in obtaining control of subsidiaries or other businesses0
Other cash receipts from sales of equity or debt instruments of other entities0
Other cash payments to acquire equity or debt instruments of other entities0
Other cash receipts from sales of interests in joint ventures0
Other cash payments to acquire interests in joint ventures0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships0
Proceeds from sales of property, plant and equipment0
Purchase of property, plant and equipment0
Proceeds from sales of investment property0
Purchase of investment property0
Proceeds from sales of intangible assets0
Purchase of intangible assets0
Proceeds from sales of intangible assets under development0
Purchase of intangible assets under development0
Proceeds from sales of goodwill0
Purchase of goodwill0
Proceeds from biological assets other than bearer plants0
Purchase of biological assets other than bearer plants0
Proceeds from government grants0
Proceeds from sales of other long-term assets0
Purchase of other long-term assets0
Cash advances and loans made to other parties0
Cash receipts from repayment of advances and loans made to other parties0
Cash payments for future contracts, forward contracts, option contracts and swap contracts0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts0
Dividends received0
Interest received0
Income taxes paid (refund)0
Other inflows (outflows) of cash0
Net cash flows from (used in) investing activities0
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries0
Payments from changes in ownership interests in subsidiaries0
Proceeds from issuing shares0
Proceeds from issuing other equity instruments0
Payments to acquire or redeem entity's shares0
Payments of other equity instruments0
Proceeds from exercise of stock options0
Proceeds from issuing debentures notes bonds etc0
Proceeds from borrowings0
Repayments of borrowings0
Payments of finance lease liabilities0
Payments of lease liabilities0
Dividends paid0
Interest paid0
Income taxes paid (refund)0
Other inflows (outflows) of cash7.91
Net cash flows from (used in) financing activities7.91
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes-10.48
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents0
Net increase (decrease) in cash and cash equivalents-10.48
Cash and cash equivalents cash flow statement at beginning of period172.38
Cash and cash equivalents cash flow statement at end of period161.9