Non-banking finance company Capital First posted a 278 per cent rise in net profit at Rs 27 crore for the quarter ended September 30, 2014, compared to Rs 7.16 crore in the corresponding quarter last year.
Total income jumped 51 per cent to Rs 154.84 crore, against Rs 102.40 crore in the corresponding period last year.
V Vaidyanathan, Chairman of the company said: "The sentiment in the Indian economy has significantly heightened since the start of this financial year. We are very bullish on our growth prospects in the MSME financing sector which has a direct play on the Indian economy."