Capital First Q2 PAT up 36%.
New Delhi , 31st October, 2017: For the quarter ended September 30, 2017, the company reported 36% increase in Profit after Tax to Rs.78.3Crores, up from Rs. 57.6Crores in the quarter ended on September 30, 2016. The growth in income was primarily driven by higher Net Interest Income, which grew 48% to Rs. 466.0 Crores in Q2-FY18, from Rs. 315.1Crores in Q2-FY17.This was supported by the growth in Fee Income, which grew 31% to Rs. 98.3 Crores in Q2-FY18, from Rs. 75.1 Crores in Q2-FY17.
The Core Income (Net Interest Income + Fee Income) of the Company grew45% to Rs. 564.3 Crores in Q2-FY18, from Rs. 390.2 Crores in Q2-FY17. TheCompany’s AUM increased by 28%toRs. 22,974Crores as on September 30, 2017 from Rs. 17,936 Crores as onSeptember 30, 2016. The retail loan portfolio contributes to 93% of its overallAUM as of September 30, 2017. The retailloan book grew by 32% to Rs. 21,328Crores as on September 30, 2017, upfrom Rs. 16,163Crores as on September 30, 2016.
The Asset quality of the companywas stable with the Gross NPA of 1.63% and Net NPA of 1.00% as on September,2017 as per the 90 DPD NPA recognition norms. The Capital Adequacy Ratio of the Company stood at 18.81% as ofSeptember 30, 2017. Commenting on theresults, Mr. V Vaidyanathan, Chairman,Capital First said, “We are happy to report 36% growth in net profit for the quarter on ayear-on-year basis based on a steady growth in AUM, on the back of stable assetquality. We will continue to grow our retail financing businesses on theplatform of contemporary technology and robust processes.”