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Follow on Google News | Capital First Q3 net up 196% at Rs 29.9croresBy: Capital First Limited The growth in income was primarily driven by higher NII and Fee income, which together grew 60% to 175.5 Crores in Q3 FY 15, from Rs. 109.7 Crores in Q3 FY 14. The Company reported a 168% increase in Profit before Tax to Rs.45.4crores the quarter ended on Dec 31st, 2014, up from Rs. 16.9crores in the quarter ended on Dec 31st, 2013. The Company’s AUM grew 29% to Rs. 11,695 Crores as on Dec 31st, 2014; up from Rs. 9,071 Crores as on Dec 31st, 2013.The Company has grown its retail loan portfolio to 84% of its overall AUM as of Dec 31st 2014, as compared to 80% as of Dec 31st 2013. The Company continues to maintain high Asset Quality and reported Gross NPA of 0.63% and net NPA of 0.01% for the quarter ending on Dec 31st, 2014. The Gross and Net NPA were 0.48% and 0.19% respectively on Dec 31st, 2013. As per RBI guidelines vide Notification no. RBI/2014-15/ The Capital Adequacy of the Company stood at 20.2% as of Dec 31st, 2014.The total Capital (Tier 1 and Tier 2) stood at Rs. 1930Crores as of Dec 31st 2014. Commenting on the results, Mr. V Vaidyanathan, Chairman, Capital First said, “The strong results in 9M FY 15 are a result of the consistent growth in the Retail and MSME businesses of the company, which has now increased to 84% of the portfolio. The company believes these segments will continue to offer strong growth opportunities in the future as well.” About Capital First Capital First Limited is a Non-Banking Finance Company specializing in MSME and retail financing supported by proprietary credit evaluation methodologies and strong credit scoring platform. The Company also offers Home Loans, Two Wheeler Loans and Durable Loans to entry and mid-level salaried employees of Corporates. The company has financed over 1 million customers till date. The company’s has a high long term credit rating of AA+ by reputed Credit Rating agencies. The company has a Board comprising of reputed professionals with decades of rich experience in the corporate sector. End
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