– Q3 Disbursements grew 21% QoQ, to INR 548.8 million, adding 17,219 customers for the Q3.
– PAT in Q3 rose by 10% QoQ and reached INR 9.58 Million. Collections were at 104% December 21
NEW DELHI, Feb. 14, 2022/PRNewswire/ – Capital Trust Limited (Capital Trust), a digitally-enabled non-banking finance firm (NBFC), specializes in rural digital loans in Tier III and V regions through its fintech based direct accessibility and 315 branches. It has announced its financial results for the quarter ended 31.stDec 2021.
|
Particulars (in INR Millions). |
Dec-21 |
Dec-20 |
YoY% |
Sep-21 |
QoQ% |
|
Assets Under Management (AUM). |
3,118.9 |
4,268.1 |
-27% |
3,108.1 |
0.3% |
|
Total Disbursement |
548.8 |
546.6 |
0.4% |
455.1 |
21% |
|
Net Interest Income |
142.4 |
124.0 |
15% |
127.9 |
11% |
|
Profit after Tax |
9.6 |
-4.15 |
– |
8.7 |
10% |
|
GNPA (%) * |
8.3% |
10.6% |
-217 bps |
7.1% |
120 bps |
|
NNPA (%) |
0.0% |
0.5% |
-49 bps |
0.0% |
– |
|
Capital Adequacy ** |
41.3% |
51.2% |
-991 bps |
42.6% |
-132 bps |
|
Debt-to-Equity |
2.0 |
1.5 |
33% |
2.0 |
0.4% |
|
*Retrospectively changed post November 2021 RBI Circular |
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**Including investment in wholly owned subsidiaries |
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Commenting on the performance, Mr. Yogen KhoslaCapital Trust Limited’s Managing Director, Richard Sullivan, stated,“Despite the Omicron variant, the quarter saw a near normal operating environment. People are now adjusting to the new standard of living along COVID-19. Due to the improvement in overall macro-environment and further assistance by our strategic branch expansion, which focuses on technology advancement, quarter disbursements grew at a healthy rate of 21% QoQ. We added 17,219 new customers in the quarter, which translates into a 39% increase QoQ.
The strong focus on the rural doorstep fintech model has resulted in a sharp increase in collections, which increased significantly from 89% in Oct 21To 104% in December 21This is expected to continue during Q4FY22. Our long-term partnership with the top financial institutions is in line our capital asset light model, which will allow us to expand our Asset under Management without further leverage our balance sheet.
The Company is in a solid liquidity position, with cash and cash equivalent of INR 1,030million. It also has a strong balancesheet which makes it well-positioned and agile for growth over the medium and long term. In addition to the expected rebound in demand as economic activity is expected further to improve. We remain committed to long-term sustainable growth to create wealth for our stakeholders. However, our main focus remains on maintaining the quality of our portfolio and its profitability.We have survived the difficult times and are stronger because of the lessons learned. We are confident and well-positioned to seize the many growth opportunities in this sector.
Consolidated Financial Highlights
- Average collection efficiencyQ3 FY22: 92%
- Net worth As of 31stDec 21INR 1,187.61 millions
- Finance costs declined by 5.5% QoQ From INR 74.9 million in Q2 FY22, to INR 70.76 millions in Q3 FY22
- Total Provisions
- Outstanding for the year was INR 574.78 millions
- Provision for ECL INR 180.52million and COVID related INR 394.26million
- Strong liquidityPosition with INR 1,029.53 millions in cash/bank account, liquid investments, fixed deposits and liquid capital
- Total operational branchesAs on December 31, 2021At 315, 94 districts in 10 States were covered
- Business Correspondent Partnershipties ups to IDFC First Bank and MAS Financials.
Portfolio Distribution
|
Particulars (In INR millions) |
Q3 FY22 |
Q3 FY21 |
YoY% |
Q2 FY22 |
QoQ% |
|
Digitally Enabled Products |
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|
Total Capital Digital Initiative * |
1,420 |
720 |
97% |
1,146 |
24% |
|
Cash Collections Products |
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|
Total Legacy Portfolio |
1,699 |
3,548 |
-52% |
1,962 |
-13% |
|
Total Assets Under Management (AUM). |
|||||
|
Total Assets Under Management (AUM). |
3,119 |
4,268 |
-27% |
3,108 |
0.4% |
|
On-Book Portfolio |
2,658 |
2,900 |
-8% |
2,549 |
4% |
|
Off-Book Portfolio |
461 |
1,368 |
-66% |
559 |
-18% |
|
*Disbursed post FY20 (automated credit engine backed) |
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About Capital Trust Limited
Capital Trust Limited (BSE : 511505) (NSE : CAPTRUST), a registered RBI non-banking finance company, (NBFC), provides income-generating micro loans to MSMEs. The company combines best practices from traditional and fintech financing to help the underserved in rural areas. IndiaUsing digital processes and the latest technology. Capital Trust serves over 1,02 7,393 customers in 94 districts via 315 branches in 10 North American states. East India. The Company prides itself on being India’s first “Rural Doorstep Fintech” business. www.capitaltrust.in.
SOURCE Capital Trust Limited