Capital First Ltd : Q1FY18 Result
DSIJ Intelligence / 02 Aug 2017
Capital First reported its standalone Q1FY18 results. Its NII for the quarter increased by 7.4% QoQ to Rs. 489.43 crore. Its NII for the previous quarter stood at Rs. 455.88 crore.
Capital First reported its standalone Q1FY18 results.
Its NII for the quarter increased by 7.4% QoQ to Rs. 489.43 crore. Its NII for the previous quarter stood at Rs. 455.88 crore.
Net profit for the quarter declined 12.9% to Rs. 60.27 crore vs Rs. 69.27 crore in previous quarter. This was due to an increase in employee benefit expense of 22% from Rs. 55.26 crore to Rs. 67.27 QoQ.
Capital First Ltd is a leading Indian financial institution, specializing in providing debt financing to MSMEs and Consumers in India. The Company's products include personal loans, business loans, loan against property, two wheeler loans, pre-owned car loan and insurance.
The stock opened at Rs. 779.5 and closed at Rs. 780.55 after touching intra-day high of Rs. 787.