Q4 2024 Capri Global Capital Ltd Earnings Call Transcript
Key Points
- Capri Global Capital Ltd (BOM:531595) reported a net profit of INR 8.6 billion, marking a 47% year-on-year increase and a 26% quarter-on-quarter increase.
- The company's AUM crossed INR 150 billion, reaching INR 156.5 billion, achieving a second consecutive year of 50% AUM growth.
- Gold loan AUM increased 3.1x year-on-year, crossing the INR 30 billion target, with exclusive gold loan branches reaching 750 as of March 2024.
- Housing finance book grew by 52.8% year-on-year, from INR 2,666 crores to INR 4,073 crores, with expectations of continued 30%+ growth.
- Non-interest income exhibited strong momentum, increasing 10% quarter-on-quarter and 25% year-on-year in Q4 FY24, with a full-year increase of 41% year-on-year.
- The cost-to-income ratio reached 70.5% during Q4 FY24, primarily due to strategic investments in expanding the team and marketing initiatives.
- Pre-provisioning operating profit declined 16% quarter-on-quarter to INR 1.096 billion, despite a 22% year-on-year increase.
- The net NPA ratio, although improved, still stood at 1.1%, indicating ongoing challenges in asset quality management.
- The company faced operational challenges due to new RBI regulations on gold loan disbursements, potentially impacting customer behavior.
- Despite significant investments in technology, the immediate impact on cost efficiency and productivity improvements is yet to be fully realized.
Ladies and gentlemen, good day, and welcome to the Q4 FY24 earnings conference call of Capri Global Capital Limited, hosted by Go India Advisors. (Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Pramod Shettigar from Capri Global Capital Limited. Thank you and over to you.
Good afternoon, everyone. This is Pramod Shettigar, Senior Vice President at Capri Global Capital Limited. I shall read out a brief disclaimer for today's call.
The discussion on today's call regarding Capri Global Capital Limited earnings performance will be based on judgment from the declared results, and commission regarding business opportunities available to the company as described.
The company's performance is subject to risks, uncertainties and assumptions that could cause actual results to differ materially in the future. Given these uncertainties and other factors, participants on today's call may observe due caution while
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