Conference Call with Capri Global Capital Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with Capri Global Capital Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.
Non-banking Financial company Capri Global Capital announced Q1FY24 results: AUM including co-lending AUM increased ~61% YoY and ~9% QoQ to touch Rs 1,12,262 million Disbursals in Q1FY24 increased 128% YoY but dipped 5% QoQ to Rs 26,869 million Total Income of Rs 3,175 million in Q1FY24 comapred to Rs 1,749 million in Q1FY23, up 81.6% YoY Profit after tax was Rs 636 million, up 38.0% YoY but lower 2.0% QoQ owing to sequentially higher credit cost. Q1FY24 RoE was 7.1%, while RoA was 2.2% Gross Stage 3 ratio was 1.89%, lower 82 bps YoY and +15 bps QoQ. CAR was strong at 37.2% level in Q1FY24 Founder & Managing Director, Rajesh Sharma commented, “We have begun FY24 on a sound note. Despite the seasonal softness in select lending verticals, the business momentum overall has been extremely strong in Q1FY24. We are seeing an improving trend in the core earnings parameters like our loan spreads and cost-income ratio. Going ahead in FY24, we expect this performance to improve as we pause our aggressive branch expansion in Gold Loans in Q2FY24 and move rapidly towards break-even by Q4FY24. The increase in credit cost during Q1FY24 had one-off elements. On a full-year basis, we remain positive on the asset quality trends staying robust." Result PDF
Conference Call with Capri Global Capital Ltd. Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.