Non-banking finance company Capital First today reported 34.5 per cent rise in consolidated net profit at Rs 95.25 crore for the March quarter, on higher revenue from operations and healthy growth in other income.
The company had made a net profit of Rs 70.83 crore in the January-March quarter of 2016-17.
Total income during the quarter was at Rs 1,104.60 crore, up 46 per cent from Rs 756.80 crore in the year-ago period, the company said in a regulatory filing.
Revenue from operations grew to Rs 1,093.96 crore against Rs 749.32 crore. Income from other sources too grew to Rs 10.63 crore from Rs 7.48 crore.
Net profit in entire 2017-18 was up 37.1 per cent at Rs 327.44 crore from Rs 238.90 crore in the preceding year.
Income during the year grew to Rs 3,812.05 crore as against Rs 2,800.86 crore in 2016-17.
Meanwhile, the company's Board of Directors today recommended, subject to the approval of shareholders, payment of dividend of Rs 2.80 per equity share for 2017-18, it said.
Stock of Capital First closed 0.59 per cent down at Rs 621.75 on BSE.
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