Non-banking finance company Capital First Friday reported a 246 per cent jump in its profit at Rs 104.6 crore in the quarter ended September, helped by strong loan growth.
The company’s profit after tax stood at Rs 30.2 crore in the year-ago period.
“We are happy to continue the steady growth in the loan assets and net profit for the company,” it’s chairman, V Vaidyanathan, said.
The company’s asset under management (AUM) stood at Rs 32,622 crore as on September 30, 2018, with its retail loan portfolio contributing to 91 per cent of its overall AUM.
Its retail loan book grew 38 per cent to Rs 29,625 crore in the reporting quarter, up from Rs 21,429 crore in the same period last year.
Core income, which includes net interest income and fee income of the company, rose 49 per cent to Rs 695.2 crore, from Rs 467.2 crore last year.