PRUDENT2023-07-012023-09-30 PRUDENT2023-07-012023-09-30 PRUDENT2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member PRUDENT2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member PRUDENT2023-09-30 PRUDENT2023-09-30 PRUDENT2023-07-012023-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member PRUDENT2023-07-012023-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 543527 PRUDENT NA Prudent Corporate Advisory Services Limited Equity 2023-04-01 2024-03-31 2023-10-26 2023-10-18 INR Lakhs Half yearly 2023-10-26 16:00:00 2023-10-26 17:15:00 true Cash Flow Indirect Not applicable Single segment Distribution and sale of financial products (Mutual Funds, Bonds, Fixed Deposits, Structured Products, Stock broking, etc) within India 2023-07-01 2023-09-30 Unaudited Consolidated 11436000.00 0.00 0.00 1886246000.00 2676000.00 0.00 0.00 0.00 1900358000.00 40534000.00 1940892000.00 0.00 0.00 0.00 232809000.00 4937000.00 61334000.00 1032372000.00 0.00 0.00 49000.00 203515000.00 1535016000.00 405876000.00 0.00 405876000.00 97164000.00 4508000.00 101672000.00 304204000.00 0.00 0.00 0.00 0.00 304204000.00 -3114000.00 301090000.00 304204000.00 0.00 301090000.00 0.00 207033000.00 5 7.35 7.35 0.00 0.00 7.35 7.35 (1) The above financial results have been reviewed by the Audit Committee and subsequently approved by the Board of Directors of the Parent Company at their meetings held on October 26, 2023. The Statutory Auditors have carried out limited review of the financial results for quarter and six months ended on September 30, 2023. (2) In the previous financial year, during the quarter ended March 31, 2023, the Board of Directors of the Parent Company considered and approved the draft Scheme of Arrangement (“Scheme”) between Prudent Broking Services Private Limited, a wholly owned subsidiary (“PBSPL”) and the Parent Company and their respective shareholders and creditors under section 233 of the Companies Act. 2013. Pursuant to the Scheme, the stock broking and depository business of PBSPL was proposed to be demerged and transferred to the Parent Company subject to all regulatory and statutory approvals. Subsequently, in the current quarter, the Board of Directors of the Parent Company in their meeting held on July 17, 2023 reconsidered various alternatives for restructuring the business of PBSPL owing to changed business circumstances since the approval of the scheme and decided to withdraw the existing scheme and evaluate various alternative options. Congruant to the above, the Board of Directors of the Parent Company at their meeting held on July 25,2023, approved a scheme of Amalgamation of PBSPL with the Parent Company (the Amalgamation Scheme) with effect from appointed date of April 01, 2023, subject to regulatory and statutory approvals. Pending the necessary approvals, the effect of the Amalgamation Scheme has not been given in the financial results. (3) In the previous financial year, during the quarter ended December 31, 2022, the Parent Company acquired Mutual Fund Assets under Management (“AUM”) of iFAST Financial India Private Limited (iFAST) for a consideration of Rs.226.23/- Lakhs (excluding taxes), pursuant to which, the AUM of iFAST was transferred from iFAST's ARN to the Parent Company's ARN. Consequently, the results for the quarter and six months ended on September 30, 2023 are not comparable with the results of the quarter and six months ended on September 30, 2022 on account of revenue received from such AUM and its consequential expenses. (4) The Group operates in only one reportable business segment i.e. distribution and sale of financial products (Mutual Funds, Bonds, Fixed Deposits, Insurance, Structured Products, Stock Broking etc) within India, as determined by the chief operating decision maker, in accordance with Indian Accounting Standard 108 “Operating Segments” (5) The key numbers of standalone results of the Company are as under : (Rs. in Lakhs) Particulars For Quarters ended For Six months ended For Years ended 30-09-2023 30-06-2023 30-09-2022 30-09-2023 30-09-2022 31-03-2023 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Total Income 16,033.87 14,762.11 12,843.18 30,795.98 24,382.01 52,298.16 Profit before tax 3,100.47 3,084.03 2,485.86 6,184.50 4,587.18 9,963.08 Profit after tax 2,330.69 2,305.89 1,855.78 4,636.58 3,414.87 7,415.01 (6) The Parliament of India has approved the Code on Social Security, 2020 (the Code) which, inter alia, deals with employee benefits during employment and post employment. The Code has been published in the Gazette of India. The effective date of the Code is yet to be notified and the rules for quantifying the financial impact are also yet to be issued. In view of this, the impact of the change, if any, will be assessed and recognised post notification of the relevant provisions. (7) Previous year/period`s figures have been regrouped/reclassified wherever necessary, in order to make them comparable. Single segment 2023-04-01 2023-09-30 Unaudited Consolidated 19568000.00 0.00 0.00 3530420000.00 4692000.00 0.00 0.00 0.00 3554680000.00 89049000.00 3643729000.00 0.00 0.00 0.00 455353000.00 9517000.00 120936000.00 1942803000.00 0.00 0.00 89000.00 333027000.00 2861725000.00 782004000.00 0.00 782004000.00 184130000.00 13072000.00 197202000.00 584802000.00 0.00 0.00 0.00 0.00 584802000.00 -3112000.00 581690000.00 584802000.00 0.00 581690000.00 0.00 207033000.00 5 0.00 14.12 14.12 0.00 0.00 14.12 14.12 Other expenses 203515000.00 Other expenses 333027000.00 136446000.00 535974000.00 0.00 1179426000.00 0.00 9765000.00 2137118000.00 371401000.00 4370130000.00 61923000.00 23779000.00 9172000.00 0.00 0.00 155165000.00 0.00 0.00 0.00 1253619000.00 222902000.00 1726560000.00 6096690000.00 207033000.00 3812308000.00 4019341000.00 0.00 0.00 0.00 1635421000.00 0.00 0.00 0.00 71000.00 0.00 0.00 206531000.00 1842023000.00 6827000.00 64309000.00 78955000.00 85235000.00 235326000.00 6096690000.00 Re-measurement of the defined benefit plans -4161000.00 Re-measurement of the defined benefit plans -4159000.00 -4161000.00 -4159000.00 -1047000.00 -1047000.00 0.00 0.00 -3114000.00 -3112000.00 9517000.00 13975000.00 -146691000.00 0.00 -410000.00 92388000.00 0.00 -213613000.00 0.00 470168000.00 0.00 0.00 -114479000.00 120936000.00 89000.00 6054000.00 0.00 2305000.00 0.00 0.00 1896000.00 15296000.00 0.00 -58188000.00 0.00 695000.00 -1711000.00 5000.00 0.00 163848000.00 945852000.00 0.00 0.00 0.00 221662000.00 0.00 724190000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 30000.00 19230000.00 1695389000.00 2344929000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1355000.00 10754000.00 0.00 -48555000.00 0.00 -705186000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 51700000.00 51700000.00 36082000.00 0.00 62110000.00 1380000.00 0.00 1000.00 -99571000.00 -80567000.00 0.00 -80567000.00 217013000.00 136446000.00