Capri Global Capital Limited has recorded 13.3% growth in assets
Capri Global Capital Ltd (CGCL), a diversified NBFC in the MSME and Affordable Housing sector, today announced its financial results for the second quarter ended September 30th, 2019. The company reported stellar performance with an AUM of Rs 3956 crores; clocking a growth of 13.4% y-o-y. MSME portfolio continues to dominate with ~64% of the CGCL AUM at Rs 3112 crores. Home Loan businesses showed a promising growth of 65.3% YOY with an AUM of Rs 844 crores. CGCL is aggressively increasing its footprint in states like Maharashtra, Gujarat, Madhya Pradesh, Rajasthan, and Delhi NCR.
The consolidated total income for the quarter is up by 34.3% YoY with Rs 180 crores. CGCL’s consolidated net profit for the Q2 FY20 rose by 58.7% YoY to Rs 38.9 crore. The standalone capital adequacy ratio was at 36.2%. The net worth of the company stood at Rs. 1,453 crores.
Commenting on the outcome, Rajesh Sharma, Managing Director, Capri Global Capital Ltd. explained, “We are pleased to report strong & sustainable earnings growth amidst the current turmoil in the NBFC industry. Due to the weak operating environment, CGCL maintained its cautious stance on disbursements and focused on strengthening its business processes. Our well-established and in-depth knowledge of micro markets has helped us to maintain a good asset quality and keep our loan book granular. Given our strategic focus on women entrepreneurship and stringent customer screening, we are building a strong and loyal customer base while maintaining best in segment asset quality. Our prudent lending strategy and a strong source of liquidity has resulted in a continued growth. We have emerged as a compelling NBFC with an optimized branch network, capable leaders & a tight, strict risk mitigation system. Thus, we are confident to deliver on superior growth and to reach our strategic vision goals.”