CIFC reported a strong 31% YoY net profit growth driven by a healthy expansion in net income and a sharp, 36% YoY decline in credit costs. The business momentum continued in a robust trajectory with the AUM increasing 31% YoY with a continued show of strong contribution from new businesses to the incremental growth as well as market share gains in the traditional segments. The management commentary was positive highlighting improving structural growth factors, especially in the vehicle finance segment.