Capri Global Capital Q1 net profit up 283% at INR 27.14 crore

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Q1FY19 Total Income of Rs. 120.03 crore as against Rs. 68.18 crore in the corresponding previous period – an increase of 76.06%

  • Q1FY19 CONSOLIDATED TOTAL INCOME OF RS. 120.03 CRORE – UP 76.06%
  • Q1FY19 CONSOLIDATED NET PROFIT OF RS. 27.14 CRORE – UP 283.79%
  • STANDALONE NET WORTH OF RS. 1,246.28 CRORE – AN INCREASE OF 7.69%
  • STANDALONE BOOK VALUE INCREASED TO RS. 71.16 (FACE VALUE OF RS 2.00)
  • Q1FY19 CONSOLIDATED TOTAL ASSETS UNDER MANAGEMENT OF RS. 3,120.61 CRORE – AN INCREASE OF 59.21 %
  • STANDALONE NET INTEREST MARGIN AT 8.15%
  • STANDALONE CAPITAL ADEQUACY RATIO AT 38.62%

 

BUSINESSS HIGHLIGHTS

  • LENDING TO MSME AND AFFORDABLE HOUSING FINANCE
  • KEY FOCUS AREAS FOR CAPRI GLOBAL
  • MSME ASSET UNDER MANAGEMENT AT RS 1621.85 CRORE, UP 28.14%
  • MSME AVERAGE TICKET SIZE AT RS 23.05 LAKH
  • Q1FY19 HOUSING FINANCE TOTAL INCOME AT RS 13.01 CRORE
  • HOUSING FINANCE ACHIEVES BREAKEVEN IN Q1FY19
  • Q1FY19 HOUSING FINANCE ASSET UNDER MANAGEMENT AT RS 367.16 CRORE
  • Q1FY19 HOUSING FINANCE AVERAGE TICKET SIZE AT 11.43 LAKHS

 

Capri Global Capital Limited (CGCL), a leading NBFC in the lending to MSME and Affordable Housing sector, today announced its financial results for quarter ended June 30, 2018. The Company adopted IND-AS with effect from April 1, 2018 and the Q1FY18 figures have been adjusted to make them comparable with Q1FY19. The key performance highlights are:

Consolidated results – Quarter ended June 30, 2018

➢ Q1FY19 Total Income of Rs. 120.03 crore as against Rs. 68.18 crore in the corresponding previous period – an increase of 76.06%
➢ Q1FY19 Net Profit at Rs. 27.14 crore- an increase of 283.79%
➢ Q1FY19 Earnings per share of Rs. 1.54 (Face Value of Rs. 2.00 each)

Net Worth:

As on June 30, 2018, the net worth of the Company stood at Rs.1,246.28 crore – an increase of 7.69%.

Credit Rating:

As on June 30, 2018, the Company had a net debt equity ratio of 1.21 times on standalone basis. It continues to enjoy high credit rating of CARE A+ (Stable) and BRW AA- (Stable) for its long-term borrowing program for NBFC and CARE A- (Stable) for its Housing Finance business by CARE Ratings.

BUSINESS HIGHLIGHTS

MSME LENDING

➢ Total book size increased from Rs. 1265.72 crore to Rs. 1621.85 crore during Q1FY19 on enhanced growth in sector
➢ Average ticket size decreased from Rs. 40.39 Lakhs to Rs. 20.05 Lakhs during the quarter

HOUSING FINANCE

Capri Global Housing Finance Limited (CGHFL), a subsidiary of CGCL, is India’s emerging Housing Finance Company with book size of over Rs. 367.16 crore in Q1FY19

➢ The Housing Finance business achieved breakeven in Q1FY19 as compared to a loss of Rs 5.17 crore in the corresponding period last year.
➢ Average ticket size of Rs 11.43 Lakhs
➢ As on June 30, 2018, CGHFL had a wide distribution network with over 68 branches in 8 states – including Maharashtra, Gujarat, Delhi NCR, Rajasthan, Madhya Pradesh, Haryana, Uttar Pradesh, Chhattisgarh – and nearly 300 employees on board

Shareholding Pattern of CGCL as on June 30, 2018:

Shareholding Pattern of CGCL as on June 30, 2018-min