The growth in income was primarily driven by higher Net Interest Income, which grew 41%to Rs.184.64 Crores in Q2 FY 16, from Rs.130.61 Crores in Q2 FY15. This was supported by the growth in Fee Income, which grew 62% to Rs.39.15 Crores in Q2 FY 16, from Rs. 24.23 Crores in Q2 FY15.
The Core Income (Net Interest Income + Fee Income) of the Company grew 45% to Rs.223.79 Crores in Q2 FY 16, from Rs.154.84 Crores in Q2 FY15
The Profit before Tax grew 50%to Rs.62.36 Crores in Q2 FY 16, from Rs. 41.70 Crores in Q2 FY15.
The Company’s AUM stood at Rs. 13,604 Crores as on September 30th, 2015 with its retail loan portfolio contributing to 86% of its overall AUM as of September 30th, 2015. The retail loan assets grew by 26% from Rs. 9,262 Crores as on September 30th, 2014 to Rs.11,671 Crores as on September 30th, 2015.
The Company continues to maintain high Asset Quality. According to the revised 151-DPD NPA recognition, the Gross NPA and Net NPA stood at 0.86% and 0.48% respectively as on September 30th, 2015.
The Capital Adequacy Ratio of the Company stood at 20.1% as of September 30th, 2015.
Commenting on the results, Mr. V Vaidyanathan, Chairman, Capital First said,“We are happy to report 52% growth in net profit for the quarter on a year-on-year basis based on a steady growth in AUM and control on the operating costsas well as asset quality. We will continue our focus on the retail financing assets and strengthen it further with help of contemporary technology and robust processes.”