Vivriti Group, which comprises Vivriti Capital and Vivriti Asset Management, posted a 17 per cent increase in profit after tax (PAT) to ₹48 crore for the quarter ended December 31, 2024, compared with ₹41 crore in the year-ago quarter.
The mid-market enterprise lender also reported a 28 per cent year-on-year growth in assets under management (AUM) reaching ₹11,994 crore. Revenue for the quarter stood at ₹351 crore (₹282 crore), according to a company statement.
For the nine months, the PAT grew 45 per cent to ₹159 crore (₹110 crore). Revenue grew 31 per cent to ₹1,036 crore, while net interest income (NII) rose 49 per cent to ₹409 crore.
Profitability remained strong with a return on equity (RoE) of 11.7 per cent and a return on assets (RoA) of 2.8 per cent. Vivriti Capital’s capital adequacy ratio stood at 22.14 per cent as of December 31, 2024.
Asset quality healthy
Since its inception, Vivriti Group has financed over 470 mid-market enterprises across more than 45 sectors and 20 States. The company’s revenue recorded a four-year compound annual growth rate (CAGR) of 48.3 per cent from FY21 to FY24, while cumulative AUM grew at a 47.7 per cent CAGR. Asset quality remained healthy, with the gross NPA ratio at 0.68 per cent as of December 31.
“Our financial performance this quarter reflects the strength of our balance sheet, disciplined capital deployment and a sharp focus on risk-adjusted returns. As we look ahead, maintaining a strong capital position, further strengthening asset quality and driving long-term financial resilience remain our top priorities,” said Srinivasaraghavan B, Group CFO, Vivriti Group.