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Capri Global Capital Announces PAT Of Rs 461 Million

CGCL reported a consolidated Profit after Tax of Rs 461 million

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The Board of Directors of Capri Global Capital (CGCL), a non-deposit taking and systemically important NBFC on Tuesday, announced the reviewed financial results for the quarter ended June 30, 2022.

CGCL reported a consolidated Profit after Tax of Rs 461 million, flat on a YoY basis but up by 10 per cent over Q4FY22 PAT Rs 418 million.

Net interest margin for Q1FY23, excluding spreads on co-lending AUM, was 7.8 per cent, lower than 9 per cent noted in Q4FY22 and 8.3 per cent in Q1FY22. The Q1FY23 Consolidated RoE was 9.5 per cent while RoA was 2.5 per cent.

Outstanding borrowings increased 49 per cent YoY to touch Rs 53,628 million. Borrowings were long term and well-diversified across 19 lending institutions. The average cost of borrowings was 8.03 per cent, lower 13bps QoQ and lower 34bps YoY. CGCL is well-funded and maintains a well-matched asset liability profile.   

Founder & Managing Director, Rajesh Sharma said, “Although the Q1 FY23 profit is better sequentially, the overall earnings appear to present a mixed picture of the fundamentals. We had picked up a sustained momentum post-Covid19 lockdowns and we believe the Q1 FY23 performance is a small bump in this journey. There were also notable positives - the distribution continued to grow rapidly clocking its best ever volumes and fee contribution, highlighting clearly our ability to launch new products and scale them up quickly. We remain focused on our goals. Our motto remains growing sustainably and profitably and we remain committed to overcoming the bump we have experienced in Q1FY23.”

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Capri Global Capital