Non-banking finance company Capital First today reported a profit after tax of Rs 47.50 crore in the March quarter, registering an increase of 30 per cent over the corresponding period last year.
The company had reported a profit after tax of Rs 36.47 crore in the quarter ended on March 31, 2015.
"We are happy to report 30 per cent growth in net profit for the quarter on a year-on-year basis based on a steady growth in AUM, on the back of stable asset quality," Capital First Chairman V Vaidyanathan said.
The company's AUM stood at Rs 16,041 crore as on March 31, with its retail loan portfolio contributing to 86 per cent of its overall AUM as of March 31, 2016.
The asset quality of the company was stable with the gross NPA of 1.07 per cent and net NPA of 0.55 per cent as on March 31, 2016.
"We will continue to grow our retail financing businesses on the platform of contemporary technology and robust processes," Vaidyanathan said.
For financial year 2016, Capital First reported a Profit after Tax of Rs 166.19 crore, an increase of 45 per cent from Rs 114.28 crore in 2014-15.
Capital First Limited is a Non-Banking Finance Company specialising in MSME and consumer financing. It also offers home loans, two wheeler loans and durable loans.
