Capital First's Q4 net profit rises 22% at Rs 36.5 crore

Non-banking finance company, Capital First today reported 22 per cent increase in its net profit at Rs 36.5 crore for the quarter ended March 31, 2015, on growth in core income.
The company had reported a profit after tax of Rs 29.8 crore in the same period of last year.
"We are happy to announce that there is a consistent growth in profitability of the company for 8 quarters in a row.
"Growth in this quarter was led by higher growth in non-interest income and fee income," said its chairman V Vaidyanathan.
Its core income grew 59 per cent to Rs 184.3 crore in the quarter from Rs 115.7 crore in the same period last year.

Fee income stood at Rs 36.2 crore as against Rs 22.9 crore, while NII was at Rs 148.1 crore as compared to Rs 92.8 crore.

For the full-year, the company reported 117 per cent jump in net profit at Rs 114 crore from Rs 52.6 crore last fiscal.
Gross NPA stood at 0.69 per cent compared with 0.45 per cent, while net NPA was flat at 0.17 per cent.
The asset under management grew 24 per cent to Rs 11,976 crore as on March 31, 2015 from Rs 9,679 crore last year.
The company has grown its retail loan portfolio to 85 per cent of its overall AUM as of March 31, 2015, compared to 81 per cent a year ago.

Capital adequacy ratio stood at 23.5 per cent as of March 31, 2015.
The total capital (tier 1 and tier 2) stood at Rs 2,239 crore as of March 31.
In FY15, the company had raised Rs 300 crore through qualified institutional placement (QIP).
It is planning to raise around Rs 1,500 crore through bonds in the current fiscal, Vaidyanathan added.