Capital First shines on upcoming NCDs
DSIJ Intelligence / 09 Mar 2017
Capital First’s board of directors will meet on March 14 to consider and approve the private placement of rated, listed, secured and redeemable non-convertible debentures.
Capital First’s board of directors will meet on March 14 to consider and approve the private placement of rated, listed, secured and redeemable non-convertible debentures. These debentures will be listed in the debt market segment of the National Stock Exchange (NSE).
On the financial front, Capital First’s revenue has increased 47.53 per cent to Rs 717 crore in Q3FY17, as compared to the same period in previous financial year. The company’s operating profit also has risen 31.55 per cent to Rs 389 crore in Q3FY17 on a yearly basis. Its net profit has increased 33.16 per cent to Rs 55.73 crore in Q3FY17 on a YoY basis.
The stock of Capital First surged 5.14 per cent in early trade, and is trading at Rs 694 on an intraday basis. It has witnessed spurt in volume by more than 2.81 times.
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