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ISFL Q4 Results 2024
ISFL is a publicly traded company that is engaged in the non-banking financial sector. The company primarily engages in giving loans based on share pledges. The Q4 results for 2024 are yet to be released.
by Damodharan N
Updated Apr 30, 2024
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ISFL
IFIN Securities Finance Limited is a public company founded on July 27, 1989, as Narayan Sriram Investments Pvt Ltd., and later on in its current name on August 29, 2013. It is a subsidiary of IFCI Financial Services Limited (IFIN).
The company's corporate office is located in Chennai, Nungambakkam. The company is a registered non-banking financial service with the RBI, and it gives loans to individuals and private firms. The company's main line of services, apart from this, are loans based on shares, mutual funds, and sovereign gold bonds, among others.
ISFL Q4 Results 2024
ISFL Q4 results for 2024 are yet to be released. The company released its Q3 reports for the December 31st, 2023–24 financial year. The ISFL is a non-banking company that is engaged in lending to individuals and businesses.
The company periodically updates its quarterly report through the BSE portal. The company’s Q4 result may be expected to be submitted in the coming days. For more updates on the ISFL Q4 results, check the BSE financial reports page, as the company is publicly listed. It also held its latest board of directors meeting on April 30th to discuss the audited December 2023–24 Q4 reports, among others.
ISFL Q3 Results 2023–24
ISFL reported its Q3 December 2023 audited report to BSE on April 30th. Here are some of the financial data one needs to look for from the Q3 reports, like cash flow, assets, liabilities, and equity share data.
|
ASSETS |
31-12-2023 (Rupees in Lacs) |
At the time of |
|
Financial Assets |
|
|
|
Cash and cash equivalents |
2 |
15.73 |
|
Loans |
1,941.41 |
1,567.12 |
|
Other financial assets |
5.42 |
0.40 |
|
|
Total Financial Assets: |
Total Financial Assets: |
|
|
1,949.83 |
1,583.25 |
|
Non-Financial Assets |
|
|
|
Deferred Tax Assets |
16.90 |
21.43 |
|
Advances |
32.89 |
21.43 |
|
|
Total Non-Financial Assets: |
Total Non-Financial Assets: |
|
|
49.79 |
42.86 |
|
Total Assets |
1,999.62 |
1,626.11 |
LIABILITIES AND EQUITY
|
LIABILITIES AND EQUITY |
31-12-2023 (Rupees in Lacs) |
At the time of 31-03-2023 (Rupees in Lacs) |
|
Financial Liabilities |
|
|
|
Trade Payables |
2.15 |
2.67 |
|
Borrowings |
535.32 |
183.53 |
|
Other financial liabilities |
5.69 |
0.92 |
|
|
Total financial liabilities: |
Total financial liabilities: |
|
|
543.17 |
187.12 |
|
Non-Financial Liabilities |
|
|
|
Current Tax Liabilities |
23.45 |
0.96 |
|
EQUITY |
|
|
|
Equity Share Capital |
950.00 |
950.00 |
|
Other Equity |
480.40 |
466.60 |
|
|
Total Equity: |
Total Equity: |
|
|
1,430.40 |
1,416.60 |
|
Total Liabilities and Equity |
1,999.62 |
1,626.11 |
ISFL Board Meeting Outcomes
ISFL Board meetings took place on April 30th to discuss three key issues:
- The audited report for December 2023–24 Q4 reports.
- The reclassification of the promoters to the public shareholding category.
- To appoint M/s Anuj Gupta and associates as the auditors for the financial year 2024–2025.
The meeting concluded with all three of the issues agreed by the board of directors members.
The reclassification list includes Mr. Udayjit Singh, Mr. Neelam Taneja, Mrs. Simbal Singh, and M/s Simka Hotels and Resorts Private Limited, which are individuals and entities belonging to the Promoter and Promoter Group.
The percentage of shares each of them has in the company is as follows:
|
Promoter |
No. of shares held |
Percentage |
|
Simka Hotels and Resorts Private Limited |
95,590 |
0.10 |
|
Neelam Taneja |
4,90,000 |
0.52 |
|
Udayjit Singh |
19,990 |
0.02 |
|
Simbal Singh |
0 |
0 |
|
Total |
6,05,580 |
0.64 |
The board members were also informed that the promoters, had already requested the change with due notice on February 14, 2023.
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ISFL Q4 Results 2024 - FAQs
1. When will the ISFL Q4 results for 2024 be released?
The ISFL Q4 Results 2024 will be released later; as of now, it is not yet released.
2. What do the ISFL Q3 results show?
The ISFL Q3 result shows that the company’s borrowings decreased comparatively.
3. What are the main areas of service for ISFL?
The main areas include loans for non-banking finances and loan shares, mutual fund loans, and gold sovereign bonds.
4. When were ISFL board meetings held?
The ISFL Board meetings were held on April 30th to discuss the audited December 2023–24 Q4 reports.
5. Which people and entities are asked for reclassification from promoters to public stockholders?
The people and entities are Mr. Udayjit Singh, Mr. Neelam Taneja, Mrs. Simbal Singh, and M/s Simka Hotels and Resorts Private Limited.
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