CGCL expects to benefit from tech-led efficiency and further softening of its cost-ratios.
MUMBAI, Aug 5 (The CONNECT) – The consolidated AUM of Capri Global Capital Ltd. (CGCL), a non-deposit taking and systemically important NBFC (NBFC-ND-SI), including co-lending AUM increased 56% YoY and 12% QoQ to touch Rs 174,579mn.
The Board of Directors announced the unaudited financial results for the quarter ended June 30, 2024. Retail growth was driven by Housing Loans up by 40% YoY and Gold Loans up by 238% YoY. Co-lending AUM stood at Rs 28,601mn comprising 16.4% of consolidated AUM compared to 11.7% in Q4FY24 and 8.9% in Q3FY24. CGCL has continued to build upon its co-lending partnerships in MSME, Housing and Gold Loans with further improving the acceptance ratio. The overall AUM growth was granular with live customer relationships increasing by 197K QoQ to touch 588K.
The PAT for the Q1FY25 stood at Rs757mn a strong growth of 19% YoY. Overall, yields and spreads expanded in Q1FY25 and Gold Loan business broke even and started giving operating profits. As a result, CGCL’s pre-provisioning operating profit increased to Rs1,452mn, up by 32.5% QoQ. Strategically, CGCL is now shifting focus on improving branch and employee productivity and profitability after undergoing significant expansion. CGCL made significant investments in technology, streamlining headcount and branch network which has started reflecting improvement in productivity which led to a decline of 5.9% QoQ in cost to income ratio. CGCL expects to benefit from tech-led efficiency and further softening of its cost-ratios. Additionally, we are implementing advanced analytics to streamline operations and enhance decision-making processes, which we believe will drive further gains in efficiency
Refex Industries: Refex Industries Limited (RIL), a leading conglomerate in India has registered a 74.78% in revenue growth when compared to Q4 FY24.
The highlights of the Q1 FY25 results include quarter-on-quarter increase in revenue by Rs 252.27 crores from Q4 FY24 to Q1 FY25, year-on-year increase in EBITDA by Rs 8.74 crores from Q4 FY24 to Q1 FY25 and year-on-year increase in PBT by Rs 5.53 crores from Q4 FY24 to Q1 FY25.
The highlights of the Q1 FY25 results include year-on-year increase in revenue by Rs 208.28 crores from Q1 FY24 to Q1 FY25, year-on-year increase in EBITDA by Rs 15.67 crores from Q1 FY24 to Q1 FY25 and year-on-year increase in PBT by Rs 18.12 crores from Q1 FY24 to Q1 FY25.
Anil Jain, Managing Director, Refex Industries Limited, said, “The performance in April to June quarter for FY 2025 has improved from that of the same quarter last year (Q1 FY24), and also from that of the performance in the previous quarter (Q4 FY24). We are confident of further building on this performance in the coming quarters and are confident of delivering a strong year.”
