MUMBAI, 13th May, 2016:
Capital First Limited reported a Profit after Tax of Rs. 166.19 Crores for FY 16, an increase of 45% from Rs. 114.28 Crores in FY 15.
For the quarter ended March 31, 2016, the company reported Profit before Tax of Rs. 71.45 Crores, an increase of 53% from Rs. 46.81 Crores in Q4 FY15. The company reported a 30% increase in Profit after Tax to Rs.47.50 Crores in the quarter ending March 31st, 2016, up from Rs.36.47 Crores in the quarter ended on March 31st, 2015.
The growth in income was primarily driven by higher Net Interest Income, which grew 72 % to Rs. 255.15 Crores in Q4 FY 16, from Rs. 148.09 Crores in Q4 FY15.This was supported by the growth in Fee Income, which grew 40% to Rs. 50.80 Crores in Q4 FY 16, from Rs. 36.18 Crores in Q4 FY15.
The Core Income (Net Interest Income + Fee Income) of the Company grew 66% to Rs. 305.95 Crores in Q4 FY 16, from Rs. 184.28 Crores in Q4 FY15
The Company’s AUM stood at Rs. 16,041 Crores as on March 31st, 2016 with its retail loan portfolio contributing to 86% of its overall AUM as of March 31st, 2016. The retail loan book grew by 36% to Rs. 13,756 Crores as on March 31st, 2016, up from Rs. 10,113 Crores as on March 31st, 2015.
The Asset quality of the company was stable with the Gross NPA of 1.07% and Net NPA of 0.55% as on March 31st, 2016 as per the 150 DPD NPA recognition norms.
The Capital Adequacy Ratio of the Company stood at 19.8% (Post Dividend) as of March 31st, 2016.
Commenting on the results, Mr. V Vaidyanathan, Chairman, Capital First said, “We are happy to report 30% growth in net profit for the quarter on a year-on-year basis based on a steady growth in AUM, on the back of stable asset quality. We will continue to grow our retail financing businesses on the platform of contemporary technology and robust processes.”