Capri Global Capital Ltd. News, Corporate filings and Earnings/Conference Calls

Finance (Including Nbfcs) company Capri Global Capital declares Q4FY22 result: AUM INR 66,325 Mn 36.8% YoY / 14.9% QoQ Disbursements INR 10,406 Mn 12.0% YoY / 14.8% QoQ Gross Stage 3 2.4% PCR 115.2% / Restr. Ass. 3.3% Consolidated PAT INR 418 Mn 53.6% YoY / -35.6% QoQ Consolidated Q4 FY22 PAT Up 54% YoY CGCL reported a Consolidated Profit after Tax of Rs 418mn, up by a sharp 54% YoY but lower by 36% over a stronger Q3 FY22 PAT of Rs 649mn. One-off elevated credit cost driven by write-offs as well as proactive provisioning caused the sequential dent in quarterly profit. However, the core earnings performance was robust with an operating profit growth of 84% YoY and 7% QoQ. This cushioned the impact of higher credit costs and is also indicative of the earnings strength of CGCL. Net interest margin for Q4FY22, excluding spreads on co-lending AUM, was 9.7%. Adjusted for one-off spreads in Q3 FY22, the NIMs declined 43bps QoQ. The Company believes NIM is bottoming out and going ahead, a reversal to upward trajectory shall happen The FY22 Consolidated RoE was 11.3% while RoA closed at 3.3%. The company maintains its +15% RoE guidance for medium term. Founder & Managing Director Mr. Rajesh Sharma Commented: “At CGCL, we are happy to have sustained in a very robust manner the post-Covid19 growth momentum, which restarted from Q4 FY21. As we continue on this growth journey, we shall continue to drive penetration of existing products even as we diversify our growth story. We are geared up to shortly launch the Gold Loan product. In FY23, we shall also look to bolster our growth capability aided by our revamped tech suite. We are confident of delivering amongst the best balance sheet growth rates in our peer group. We are also cognizant of the rapidly changing macro environment and the tightening interest rate scenario. At CGCL, we have been through multiple interest rate cycles successfully and profitably. We shall navigate the interest rate scenario through a proactive balance sheet management.” Result PDF

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Capri Global Capital Ltd. News, Corporate filings and Earnings/Conference Calls

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