Capital First’s profitability shines in FY16

Capital First has declared its quarterly results on May 13. The company’s top line has increased by 12.49 per cent to Rs 558 crore in Q4FY16 as compared to previous quarter. Its EBITDA too has risen by 7.24 per cent to Rs 326 crore in Q4FY16 on a quarterly basis. Capital First’s PAT has also increased by 6.65 per cent to Rs 47.5 crore on sequential basis. The company’s PAT margin has contracted by 96 basis points to 8.51 per cent in Q4FY16 as compared to previous quarter.

Capital First’s revenue has increased by 45.01 per cent to Rs 558 crore in Q4FY16 as compared to same period in previous financial year. The company’s EBITDA too has risen by 30.4 per cent to Rs 326 crore in Q4FY16 on a yearly basis. Its PAT also has increased by 30.28 per cent to Rs 47.5 crore in Q4FY16 as compared to previous fiscal year.

Capital First’s total income from operations has increased by 31.16 per cent to Rs 1888 crore in FY16 as compared to previous financial year. The company’s EBITDA also has risen by 21.04 per cent to Rs 1158 crore in FY16 on a yearly basis. Its bottom line also has increased by 45.43 per cent to Rs 166 crore in FY16 as compared to previous fiscal year. Capital First’s PAT margin has expanded by 86 basis points to 8.8 per cent in FY16 on a yearly basis. 

Capital First’s assets under management (AUM) stand at Rs 16041 crore as on March 2016. The company’s asset quality is stable with the Gross NPA of 1.07 per cent and Net NPA of 0.55 per cent as on Q4FY16.

The share price of Capital First has declined by 1.66 per cent on bourses; and closed at 496 on an intraday basis.

Capital First Ltd (CFL) is a leading financial institution in India focused on providing debt financing to MSMEs and consumers. CFL was founded in 2012 by buyout of an existing listed NBFC by Mr. V. Vaidyanathan with backing of Warburg Pincus, a reputed global PE with over $45 billion in Assets Under Management. The founding theme of the company is that financing India’s 30 million MSMEs and its emerging middle class, with a differentiated model, based on new technologies, provides a large and unique opportunity. The Company has so far financed more than 2.25 million customers including more than 1 million self-employed individuals and MSMEs. The Company provides diversified product portfolio including MSME Loan Against Property, Home Loans, Business Loans, Consumer Durable Loans, Two Wheeler Loans, Personal Loans and User Car Loans. As of 31 March 2016, CFL has more than Rs. 16,000 Crore Assets under Management (AUM) with Retail Financing business contributing 86% of the overall AUM. The Company has a strong distribution setup across 222 locations in India, with an employee base of over 1400 as on 31 March, 2016. The company is focused on building an institution on strong pillars of ethics, values and high corporate governance.