Capital First PAT up by 55% to Rs 1 bn for quarter ended June 2018

As a consequence of migrating to the IND-AS accounting standards, the net-worth of the company has risen by Rs 2.4 bn to Rs 28.6 bn as on June 30, 2018

Non-banking financial company (NBFC) Capital First has posted a net profit of a little over Rs 1 billion for the quarter ended June 2018, up by 55 per cent, from Rs 654 million in profit-after-tax (PAT) in the same period of the previous financial year. 

Total income has grown by 31 per cent from Rs 4.6 billion in Q1 of FY18 to Rs 6 billion at the end of Q1 of FY19. This was primarily driven by higher net interest income. 

Capital First Chairman V Vaidyanathan said, "Core demand from small entrepreneurs remains to be very strong. Therefore, we believe the recent