Capri Global Capital reported a 36 per cent increase in its profit for Q4 FY24 at â¹279.4 crore compared to â¹204.6 crore during the corresponding quarter last year.
The companyâs revenue was up by 57 per cent to â¹2,312.85 crore compared to â¹1464.24 crore last year. Sequentially, the companyâs profits were higher by 21 per cent compared to â¹67.97 crore in the previous quarter. The profit in the quarter under review stood at â¹82.58 crore.Â
The company recommended a final dividend of â¹0.15 per equity share for the financial year ended March 31, 2024.
According to the company, the growth was primarily driven by the retail segment, particularly in gold with 46 per cent q-o-q and housing with 17 per cent q-o-q sectors.Â
The share of non-interest income in the net income grew to 31%, driven by car loan fees and fees from lending businesses.
The company focused on improving its asset quality, with the provision coverage ratio (PCR) on stage-3 loans increasing to 43.2 per cent in Q4 FY24. The companyâs capital adequacy ratio (CAR) stood at 26.6 per cent in Q4 FY24.
The shares were down by 3.05 per cent to â¹225.80 at 1 pm on the BSE.Â
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