Q1 2025 Capri Global Capital Ltd Earnings Call Transcript
Key Points
- Capri Global Capital Ltd (BOM:531595) reported a strong growth momentum in Q1 FY25 with AUM reaching INR17,457 crores, a 56% year-on-year increase.
- The company's disbursement for the quarter was INR5,619 crores, reflecting a 109% year-on-year growth.
- Gold loan AUM increased by 55% quarter-on-quarter, supported by an extensive branch network and co-lending partnerships.
- Net interest income (NII) during Q1 FY25 was INR301 crores, an 18% increase quarter-on-quarter and 27% year-on-year.
- The company has successfully implemented several technological initiatives, leading to improved operational efficiency and productivity.
- Credit costs increased in Q1 FY25 due to one-off slippages in the construction finance book, resulting in a technical write-off of INR28 crores.
- The GNPA ratio and NNPA ratio remained broadly flat at 2% and 1.1%, respectively, indicating some asset quality concerns.
- There was a significant decline in disbursement in MSME and housing loans due to the transition to a new loan origination system.
- The cost-to-income ratio, although improved, still stands at 64.6%, indicating room for further efficiency gains.
- The company faces increasing competition in the granular retail loans segment, which could impact future growth and margins.
Ladies and gentlemen, good day, and welcome to Capri Global Capital Limited Q1 FY25 earnings conference call hosted by Go India Advisors. (Operator Instructions) Please that this conference is being recorded.
I now hand the conference over to Mr. Hardik Doshi from Capri Global Capital Limited. Thank you, and over to you, Mr. Doshi.
Good afternoon, everyone. This is Hardik Doshi. 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 judgments derived from the declared results and information regarding business opportunity available to the company at this time. The company's performance is subject to risks, uncertainties and assumptions that could cause actual results to differ materially in future.
Given these uncertainties and other factors, participants on today's call may observe due caution while interpreting the results. The full disclaimer
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