Not all is gloomy in financial sector, Capital First proves the point.

Capital First Ltd (CFL) is a NBFC with record of consistent growth and profitability. It has a comprehensive product basket ready to meet multiple financial needs of potential customers. It has a strong distribution network across India covering customers at 222 towns. CFL provides debt financing mainly to micro, small medium enterprises (MSME). It generates its business from MSME (68%), other retail (18%) and wholesale (14%) segments.

CFL has emerged as a significant player in the Indian retail financial services within five years of launch with retail loan book crossing Rs. 12,764 crore. CFL’s asset quality is among one of the best in the Indian financial services industry, even during difficult macro-economic periods.

CLF reported its Q3 FY16 result on Thursday, It has seen steady rise in asset under management (AUM)  which stood at Rs. 14,972.8 crore as on December 2015, its retail loan portfolio is 85.25% of it, which grew 30% from Rs 9,842 crore to Rs 12,764 crore.

CFL’s consolidated net income was driven by higher net interest income that grew 53% yoy to Rs 217.57 crore from Rs 142.44 crore. This was supported by the growth in fee income, which grew 35% to Rs 44.77 crore, from Rs 33.06 crore. Its gross NPAs and net NPAs stood at 0.89% and 0.46% respectively and consolidated net profit up by 49% yoy to Rs. 44.5 crore from Rs. 29.9 crore.

Company chairman V Vaidyanathan attributed the higher bottomline to a steady growth in advances and steady asset quality and continue to focus on the retail financing and strengthen it further.

On 9M FY16 front, its consolidated net interest income grew 45% yoy to Rs. 562.6 crore from Rs 388.3 crore. Its fee income and other income grew 42% to Rs. 122.9 crore, from Rs. 86.30 crore. Consolidated net profit up by 52% yoy Rs. 118.4 crore from Rs. 77.9 crore.

The share price of CFL declined by 2.78 per cent on bourses in early trades on Friday; and is trading at Rs 367.6 on intraday basis.