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Non-banking finance company Capital First reported a 52 per cent jump in consolidated net profit on the back of robust growth in net interest income, fee and other income in the second quarter ended September 30, 2015.
In the reporting quarter, the NBFC, which specialises in lending to micro, small and medium enterprises (MSMEs) and consumers, recorded a net profit of ₹41 crore (₹27 crore in the year-ago period).
Consolidated results include the financial performance of subsidiaries in segments, such as home finance, investment advisory, and securities.
Net interest income (the difference between interest earned and expended) was up 41 per cent year-on-year at ₹185 crore (₹131 crore). Fee and other income rose 62 per cent at ₹39 crore (₹24 crore).
The company’s assets under management stood at ₹13,604 crore as on September 30, 2015, with its retail loan portfolio accounting for 86 per cent of its overall AUM.
In a statement, the NBFC said its retail loan assets grew 26 per cent to ₹11,671 crore as on September 30, 2015 from ₹9,262 crore as on September 30, 2014.
Provisions, including for bad loans, jumped 116 per cent to ₹47 crore (₹22 crore). Gross non-performing assets (NPAs) and net NPAs stood at 0.86 per cent and 0.48 per cent, respectively, as on September 30.
Shares of Capital First closed at ₹360.70 a share, up 0.18 per cent, over the previous close on the BSE.
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