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10
May 2017
Capital
First Limited reported a profit after tax of Rs238.9 crore for FY17, an
increase of 44% from Rs166.1 crore in FY 16. Capital First reported a profit
after tax of Rs70.8 Crores for Q4 FY17, an increase of 49% from Rs47.5 crores
in Q4 FY 16. This is the highest ever quarterly profit in the history of the
company, according to a release from the company.
The
net interest Income grew 59% to Rs1,300.8 crore in FY17 from Rs818.1 crore in
FY16. Total income including fees grew 65% to Rs1,640.3 crore in FY17, from
Rs991.8 crore in FY16.
The
company’s AUM (assets under management) grew Rs19,824 crore as on 31 March 2017
with its retail loan portfolio contributing to 93% of its overall AUM as of 31
March 2017. The retail loan book grew by 33% to Rs18,353 crore as on 31 March
2017, up from Rs13,756 crore as on 31 March 2016. The Total Investment & Insurance Solutions
The
gross NPAs (non-performing assets) of the company have come down to 0.95% as of
31 March 2017 as compared to 1.08% as of 31 March 2016. The net NPAs of the
company have come down to 0.30% as of 31 March 2017 as compared to 0.56% as of
31 March 2016. The Provision Coverage Ratio (PCR) has improved to 69% as of 31
March 2017 as compared to 48% as of 31 March 2016. The company has not opted
for 90 days relaxation extended by RBI (Reserve Bank of India) for recognition
of sub-standard assets.
The
Capital Adequacy Ratio of the company stood at 20.35% as of 31 March 2017.
Capital
First Limited is a non-banking finance company specializing in MSME (Micro,
Small and Medium Enterprises) and consumer financing supported by proprietary
credit evaluation methodologies and strong credit scoring platform. The company
also offers loans to salaried consumers and small enterprises primarily for
home loans, two wheeler loans, durable loans, working capital, short term
business needs and for consumption. The Total
Investment & Insurance Solutions
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