Finance company Capri Global Capital announced Q1FY25 results: The consolidated AUM including co-lending AUM increased 56% YoY and 12% QoQ to touch Rs 1,74,579 million. Retail growth was driven by Housing Loans up by 40% YoY and Gold Loans up by 238% YoY. Co-lending AUM stood at Rs 28,601 million comprising 16.4% of consolidated AUM compared to 11.7% in Q4FY24 and 8.9% in Q3FY24. The PAT for the Q1FY25 stood at Rs 757 million a strong growth of 19% YoY. CGCL’s pre-provisioning operating profit increased to Rs 1,452 million, up by 32.5% QoQ. Our non-interest income increased by 35% YoY in Q1FY25 supported by growth in co-lending fee income. Share of non-interest income in total income stood at 26.5% compared to 25.3% in Q1FY24. CGCL’s car loan business saw distribution origination of Rs 24,277 million in Q1FY25. We have made 11 tie ups for insurance distribution under the composite license. CGCL is improving the provision cover on its Stage-3 loans. The PCR on Stage-3 loans enhanced to 42.8% in Q1FY25 from 25.8% in Q1FY24. Gross Stage 3 ratio stood broadly flat at 1.97% in Q1FY25 from 1.92% as of Q4FY24. CGCL maintains a robust financial position with a strong standalone Capital Adequacy of 25.4% in Q1FY25, supported by a networth of Rs 36.3 billion. Similarly, CGHFL boasts a CAR of 32.1% and a networth of Rs 8.0 billion ending Q1FY25. Founder & Managing Director Rajesh Sharma Commented: “We continue to see strong growth momentum and believe that our significant investments in technology and focus on increasing branch and employee productivity will start yielding results in terms of improving our cost efficiency further. With steady increase in fee income and gold loan business now becoming profitable, we see further upside to our profitability. We will continue to maintain a strong focus on asset quality and strengthen our coverage ratio whilst maintaining healthy capital adequacy. As we move ahead with same vigour, we remain committed to deliver 15%+ RoE over medium term.” Result PDF