Conference Call with Capri Global Capital Management and Analysts on Q1FY26 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with Capri Global Capital Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Finance company Capri Global Capital announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: AUM increased 46% YoY to Rs 228,573 million in Q4FY25 vs Rs 156,530 million in Q4FY24. Net Interest Income rose 49% YoY to Rs 3,812 million in Q4FY25 vs Rs 2,552 million in Q4FY24. Net Total Income grew 51% YoY to Rs 5,624 million in Q4FY25 vs Rs 3,714 million in Q4FY24. Pre-Provision Operating Profit (PPOP) surged 132% YoY to Rs 2,540 million in Q4FY25 vs Rs 1,096 million in Q4FY24. PAT jumped 115% YoY to Rs 1,777 million in Q4FY25 vs Rs 826 million in Q4FY24. Cost-Income Ratio improved by 1,566 bps to 54.8% in Q4FY25 vs 70.5% in Q4FY24. NNPA improved by 17 bps to 0.9% in Q4FY25 vs 1.1% in Q4FY24. ROAE expanded 816 bps to 16.9% in Q4FY25 vs 8.7% in Q4FY24. ROAA increased 128 bps to 3.6% in Q4FY25 vs 2.3% in Q4FY24. FY25 Financial Highlights: AUM increased 46% YoY to Rs 228,573 million in FY25 vs Rs 156,530 million in FY24. Net Interest Income rose 35% YoY to Rs 13,320 million in FY25 vs Rs 9,857 million in FY24. Net Total Income grew 34% YoY to Rs 18,328 million in FY25 vs Rs 13,677 million in FY24. PPOP increased 61% YoY to Rs 7,341 million in FY25 vs Rs 4,570 million in FY24. PAT rose 71% YoY to Rs 4,785 million in FY25 vs Rs 2,794 million in FY24. Cost-Income Ratio improved by 664 bps to 59.9% in FY25 vs 66.6% in FY24. NNPA improved by 17 bps to 0.9% in FY25 vs 1.1% in FY24. ROAE expanded 428 bps to 11.8% in FY25 vs 7.6% in FY24. ROAA increased 55 bps to 2.7% in FY25 vs 2.1% in FY24. Result PDF
Conference Call with Capri Global Capital Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
Finance company Capri Global Capital announced Q3FY25 results Consolidated AUM including co-lending AUM increased 54.6% YoY to touch Rs 20,663 crore. Retail growth was driven by Housing Loans up by 31% YoY and Gold Loans up by 196% YoY. Micro Lap segment which we started in last quarter is seeing stronggrowth as well. Co-lending AUM stood at Rs 3,681 crore comprising 17.8% of consolidated AUM compared to 8.9% in 3QFY24. Disbursement grewby 52% YoY. The overall AUM growth was granular with live customer relationships touched 720K. PAT for Q3FY25 stood at Rs 128 crore a strong growth of 88% YoY and 32% QoQ. PAT for 9MFY25 stood at 301 crore up by 53% YoY. Our RoAE and RoAA for 9MFY25 stood at 10.1% and 2.4% respectively Net Interest income for Q3FY25 stood at 347 crore up by 41% YoY and for 9MFY25 stood at 953 crore up by 30% YoY Net total income for Q3FY25 was up by 30% YoY and 9MFY25 up by 28% YoY. CGCL maintains a robust financial position with a strong standalone CAR of 22.9% in Q3FY25, supported by a Networth of Rs 37 billion. Similarly, CGHFL boasts a CARof 29.3% and a Networth of Rs 8 billion ending Q3FY25. Rajesh Sharma, Founder & Managing Director, said: “We continue to see strong growth momentum across all our business segments including the new products we launched recently. Our substantial investments intechnology, along with enhanced branch and employee productivity driven by operatingleverage, have begun yielding benefits, and we anticipate a gradual improvement in our cost-to-income ratio. With steady growth in fee income and improvement inspreads, 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 confident to achieve Rs 30 billion AuM by FY27 and 15%+ RoE over medium term.” Result PDF
Finance company Capri Global Capital announced Q2FY25 results AUM: Rs 1,92,722 million, change 55.9% YoY & 10.4% QoQ. Disbursements: Rs 54,641 million, change 54.9% YoY & -2.8% QoQ. Consolidated PAT: Rs 970 million, change 48.7% YoY & 28.1% QoQ. Net Income: Rs 4,083 million, change 23.9% YoY & -0.5% QoQ. Non-Interest Income: Our non-interest income increased by 29% YoY in Q2FY25 supported by growth in co-lending fee income. CGCL continues to focus on non-interest income with its share in total income at 25.2% in Q2FY25. CGCL’s car loan business saw distribution origination of Rs 25,633 million in Q2FY25, up by 8% YoY and 15% QoQ. Asset Quality: CGCL is investing in advanced analytics and data science capabilities to enhance customer segmentation, which will further improve underwriting and allow better risk selection and pricing. Credit cost normalised and was at Rs 174 million, a decline of 24% YoY and 62% QoQ on account of oneoff technical write-off in Q1FY25. Capital Adequacy: CGCL maintains a robust financial position with a strong standalone Capital Adequacy of 23.7% in Q2FY25, supported by a Networth of Rs 32 billion. Similarly, CGHFL boasts a CAR of 31.9% and a Networth of Rs 8.2 billion ending Q2FY25. Rajesh Sharma, Founder & Managing Director, Capri Global Capital, said: “We continue to see strong growth momentum and further diversify our product offering with the launch of new products Micro Lap and Roof Top Solar loans as Green Financing under our MSME segment. We believe that our significant investments in technology and focus on increasing branch and employee productivity will start yielding results in terms of reduction our cost / income ratio further. With steady increase in fee income and improvement in yields, 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 confident to achieve Rs 30 billion AuM by FY27 and 15%+ RoE over medium term.” Result PDF
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
Conference Call with Capri Global Capital Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Finance company Capri Global Capital announced Q4FY24 results: Financial Highlights: AUM Growth: Consolidated AUM increased by 52% YoY and 17% QoQ to touch Rs 1,56,530 million in Q4FY24, driven by retail growth momentum, especially in Gold (46% QoQ) and Housing (17% QoQ). Co-lending Expansion: Co-lending AUM reached Rs 18,306 million, comprising 12% of consolidated AUM, compared to 9% in Q3FY24 and 5% in Q4FY23. Profitability: Q4FY24 PAT stood at Rs 826 million, marking a robust 27% YoY and 22% QoQ growth. Non-Interest Income: Non-interest income accounted for 31% of net income. Car loan distribution origination approached Rs 1,00,000 million business in FY24, with the car loan origination subsidiary becoming operational in Q3FY24. Insurance Distribution: CGCL obtained a composite license from IRDAI for distributing life, non-life, and health insurance policies, aiming to generate at least Rs 200 million in net fee income from insurance distribution in FY25E. Asset Quality Improvement: Provision Coverage Ratio (PCR) on Stage-3 loans increased to 43.2% in Q4FY24 from 34.7% in Q3FY24, focusing on improving provision cover. Gross Stage 3 ratio decreased to 1.9% from 2.1% in December 2023. Capital Adequacy: CGCL's Capital Adequacy Ratio (CAR) stood at a strong 26.6% level in Q4FY24. The company infused Rs 2 billion in its wholly-owned subsidiary CGHFL during FY24, with CGHFL's Capital Adequacy Ratio reaching 30.5% and Networth at Rs 7.9 billion as of March 2024. Founder & Managing Director Rajesh Sharma Commented: “The rapid upward momentum in Q4FY24 net profit is an outcome of focused execution of our business strategy. As we have continuously guided through FY24, the turnaround in our profitability is now evident with gold loan business nearly at break-even level. This has been achieved while maintaining a strong focus on asset quality, especially the coverage ratio. As we move ahead with same vigour, we expect faster improvements to continue in our profitability. We thus remain committed to deliver 15%+ RoE over medium term.” Result PDF
Conference Call with Capri Global Capital Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.