Capri Global clocks growth of 53.6% yoy in PAT at Rs41.80 crore for Q4FY22; stock climbs 5%

23 May 2022 , 02:57 PM

Capri Global Capital Limited posted a consolidated PAT of Rs41.80 crore in Q4FY22, up by a sharp 54% yoy but lower by 36% over a stronger Q3FY22 PAT of Rs64.90 crore.

Its quarterly disbursements crossed the 10-billion mark for the first time and stood at Rs1,040.60 crore as compared to Rs928.70 crore in Q4FY21, up by 12% yoy.

One-off elevated credit cost driven by write-offs as well as proactive provisioning caused the sequential dent in quarterly profit.

However, the core earnings performance was robust with operating profit growth of 84% yoy and 7% QoQ. This cushioned the impact of higher credit costs and is also indicative of the earnings strength of CGCL.

Net interest margin for Q4FY22, excluding spreads on co-lending AUM, was reported at 9.7%. Adjusted for one-off spreads in Q3 FY22, the NIMs declined 43bps QoQ. The Company believes NIM is bottoming out and going ahead, a reversal to an upward trajectory shall happen.

The FY22 Consolidated RoE was 11.3% while RoA closed at 3.3%. The company maintains its +15% RoE guidance for the medium term.

At around 2.43 PM, Capri Global was trading at Rs666.35 up by Rs31.15 or 4.9% from its previous closing of Rs635.20 on the BSE. The scrip opened at Rs625 and has touched intraday high and low of Rs677.90 and Rs620 respectively.