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Capital First Q4 net up22% at Rs 36.5Crores

MUMBAI, 13th May, 2015: Capital First Limited reported a 22 %increase in Profit after Tax to Rs. 36.5 Crores in the quarter ending March 31st, 2015, up from Rs. 29.8 Crores in the quarter ended on March 31st, 2014. The growth in income was primarily driven by higher NII and Fee income, which together grew 59% to Rs 184.3 Crores in Q4 FY 15, from Rs. 115.7 Crores in Q4 FY14.

The Company reported a 102% increase in Profit before Tax to Rs. 46.81crores the quarter ended on March 31st, 2015, up from Rs. 23.23 Crores in the quarter ended on March 31st, 2014.

The Company’s AUM grew 24% to Rs. 11,976 Crores as on March 31st, 2015; up from Rs. 9,679 Crores as on March 31st, 2014.The Company has grown its retail loan portfolio to 85% of its overall AUM as of March 31st 2015, as compared to 81% as of March 31st 2014.The Company continues to maintain highAsset Quality and reported Gross NPA of 0.69% and net NPA of 0.17% for the quarter ending on March 31st, 2015.

The Capital Adequacy of the Company stood at 23.5% as of March 31st, 2015.The total Capital (Tier 1 and Tier 2) stood at Rs. 2,239 Crores as of March 31st 2015.

In a recently concluded QIP on 24th March 2015, Capital First Limited reported that it successfully raised Equity of Rs 300 Crores.  The QIP issue was closed at Rs. 390 per Equity share with face value of Rs. 10 at a Premium of Rs. 380 per share over the face value. The list of investors who participated in the QIP included Goldman Sachs, Birla Asset Management & HDFC Life.

Commenting on the results, Mr. V Vaidyanathan, Chairman, Capital First said, “We are happy announce that there is a consistent growth in profitability of the company for 8 quarters in a row. Further, the Retail business of the company now contributes 85% of the loan portfolio, which gives great stability to quality of the loan book.”

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