Capital First PAT grows by 196 per cent to Rs 30 crore

Non-banking finance company Capital First today said its profit after tax (PAT) grew by 196 per cent to Rs 30 crore in the quarter ended December, helped by higher growth in non-interest income (NII).
The company had reported a net profit of Rs 10.1 crore in the year ago period.
"The growth was driven by higher NII and fee income, which together grew 60 per cent to Rs 175.5 crore from Rs 109.7 crore," Capital First Chairman V Vaidyanathan said.
Assets under management (AUM) grew 29 per cent to Rs 11,695 crore from Rs 9,071 crore last year during the same quarter.

Gross non performing assets (NPA) stood at 0.63 per cent as against 0.48 per cent, while net NPA was at 0.01 per cent compared to 0.19 per cent.
Its retail loan portfolio grew by 84 per cent of the overall AUM as of December 31, as compared to 80 per cent in the year ago period.
The capital adequacy was at 20.2 per cent as on December 2014 end. The total capital (Tier 1 and Tier 2) stood at Rs 1,930 crore.