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Capri Global Capital Results: Latest Quarterly Results & Analysis

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Capri Global Capital Ltd. 30 Oct 2025 11:54 AM
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Q2FY26 Quarterly Result Announced for Capri Global Capital Ltd.

Finance company Capri Global Capital announced Q2FY26 results

  • Total AUM: Rs 27,040 crore vs Rs 19,270 crore (up 40.3%)
  • Gold Loans: Rs 10,406 crore vs Rs 6,584 crore (up 58.1%)
  • MSME Loans: Rs 5,602 crore vs Rs 4,760 crore (up 17.7%)
  • Affordable Housing: Rs 5,972 crore vs Rs 4,358 crore (up 37.0%)
  • Construction Finance: Rs 4,969 crore vs Rs 3,346 crore (up 48.5%)
  • Net Interest Income: Rs 480 crore vs Rs 305 crore (up 57.5%)
  • Non-Interest Income: Rs 203 crore vs Rs 103 crore (up 97.0%)
  • Net Total Income: Rs 683 crore vs Rs 408 crore (up 67.5%)
  • Operating Expense: Rs 338 crore vs Rs 262 crore (up 28.9%)
  • Operating Profit: Rs 345 crore vs Rs 146 crore (up 136.9%)
  • Profit After Tax (PAT): Rs 236 crore vs Rs 97 crore (up 143.3%)
  • Spread on Net Advances: 7.4% vs 6.7% (up 63 bps)
  • Cost-to-Income Ratio: 49.4% vs 64.3% (improved by 1481 bps)
  • Operating Profit Margin: 5.3% vs 3.2% (up 216 bps)
  • Return on Average Assets (RoAA): 4.0% vs 2.3% (up 166 bps)
  • Return on Average Equity (RoAE): 14.4% vs 9.8% (up 462 bps)
  • Basic EPS (not annualised): Rs 2.45 vs Rs 1.18 (up 108.0%)
  • Book Value Per Share: Rs 69.4 vs Rs 48.6 (up 42.7%)
  • Gross Stage 3 Ratio: 1.3% vs 1.6% (improved by 36 bps)
  • PCR (on Stage-3): 42.8% vs 40.1% (up 268 bps)
  • CRAR (Standalone): 32.9% vs 23.7% (up 916 bps)

Rajesh Sharma, Promoter & Managing Director, said: “We continue to see significant growth momentum across all our product segments, and our diversified, secured lending model positions us well to tap the large market opportunity delivering sustainable and profitable growth. Our focus on technology investments and customer-first approach will continue to enable us to scale efficiently. With margin expansion driven by high-yield products, steady growth in fee-based income, cost efficiency driven by scale and strong capital position, we are on track to deliver Rs 50,000 core in AUM, RoAE of 16-18% and RoAA of 4.0% - 4.5% by FY28, creating sustained value for all stakeholders”

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Result PDF

Finance company Capri Global Capital announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • AUM increased 46% YoY to Rs 228,573 million in Q4FY25 vs Rs 156,530 million in Q4FY24.
  • Net Interest Income rose 49% YoY to Rs 3,812 million in Q4FY25 vs Rs 2,552 million in Q4FY24.
  • Net Total Income grew 51% YoY to Rs 5,624 million in Q4FY25 vs Rs 3,714 million in Q4FY24.
  • Pre-Provision Operating Profit (PPOP) surged 132% YoY to Rs 2,540 million in Q4FY25 vs Rs 1,096 million in Q4FY24.
  • PAT jumped 115% YoY to Rs 1,777 million in Q4FY25 vs Rs 826 million in Q4FY24.
  • Cost-Income Ratio improved by 1,566 bps to 54.8% in Q4FY25 vs 70.5% in Q4FY24.
  • NNPA improved by 17 bps to 0.9% in Q4FY25 vs 1.1% in Q4FY24.
  • ROAE expanded 816 bps to 16.9% in Q4FY25 vs 8.7% in Q4FY24.
  • ROAA increased 128 bps to 3.6% in Q4FY25 vs 2.3% in Q4FY24.

FY25 Financial Highlights:

  • AUM increased 46% YoY to Rs 228,573 million in FY25 vs Rs 156,530 million in FY24.
  • Net Interest Income rose 35% YoY to Rs 13,320 million in FY25 vs Rs 9,857 million in FY24.
  • Net Total Income grew 34% YoY to Rs 18,328 million in FY25 vs Rs 13,677 million in FY24.
  • PPOP increased 61% YoY to Rs 7,341 million in FY25 vs Rs 4,570 million in FY24.
  • PAT rose 71% YoY to Rs 4,785 million in FY25 vs Rs 2,794 million in FY24.
  • Cost-Income Ratio improved by 664 bps to 59.9% in FY25 vs 66.6% in FY24.
  • NNPA improved by 17 bps to 0.9% in FY25 vs 1.1% in FY24.
  • ROAE expanded 428 bps to 11.8% in FY25 vs 7.6% in FY24.
  • ROAA increased 55 bps to 2.7% in FY25 vs 2.1% in FY24.

Result PDF

Finance company Capri Global Capital announced Q3FY25 results

  • Consolidated AUM including co-lending AUM increased 54.6% YoY to touch Rs 20,663 crore.
  • Retail growth was driven by Housing Loans up by 31% YoY and Gold Loans up by 196% YoY.
  • Micro Lap segment which we started in last quarter is seeing stronggrowth as well. Co-lending AUM stood at Rs 3,681 crore comprising 17.8% of consolidated AUM compared to 8.9% in 3QFY24.
  • Disbursement grewby 52% YoY. The overall AUM growth was granular with live customer relationships touched 720K.
  • PAT for Q3FY25 stood at Rs 128 crore a strong growth of 88% YoY and 32% QoQ.
  • PAT for 9MFY25 stood at 301 crore up by 53% YoY. Our RoAE and RoAA for 9MFY25 stood at 10.1% and 2.4% respectively
  • Net Interest income for Q3FY25 stood at 347 crore up by 41% YoY and for 9MFY25 stood at 953 crore up by 30% YoY
  • Net total income for Q3FY25 was up by 30% YoY and 9MFY25 up by 28% YoY.
  • CGCL maintains a robust financial position with a strong standalone CAR of 22.9% in Q3FY25, supported by a Networth of Rs 37 billion. Similarly, CGHFL boasts a CARof 29.3% and a Networth of Rs 8 billion ending Q3FY25.

Rajesh Sharma, Founder & Managing Director, said: “We continue to see strong growth momentum across all our business segments including the new products we launched recently. Our substantial investments intechnology, along with enhanced branch and employee productivity driven by operatingleverage, have begun yielding benefits, and we anticipate a gradual improvement in our cost-to-income ratio. With steady growth in fee income and improvement inspreads, we see further upside to our profitability. We will continue to maintain a strong focus on asset quality and strengthen our coverage ratio whilst maintaining healthy capital adequacy. As we move ahead with same vigour, we remain confident to achieve Rs 30 billion AuM by FY27 and 15% RoE over medium term.”

Result PDF

Finance company Capri Global Capital announced Q2FY25 results

  • AUM: Rs 1,92,722 million, change 55.9% YoY & 10.4% QoQ.
  • Disbursements: Rs 54,641 million, change 54.9% YoY & -2.8% QoQ.
  • Consolidated PAT: Rs 970 million, change 48.7% YoY & 28.1% QoQ.
  • Net Income: Rs 4,083 million, change 23.9% YoY & -0.5% QoQ.
  • Non-Interest Income: Our non-interest income increased by 29% YoY in Q2FY25 supported by growth in co-lending fee income. CGCL continues to focus on non-interest income with its share in total income at 25.2% in Q2FY25. CGCL’s car loan business saw distribution origination of Rs 25,633 million in Q2FY25, up by 8% YoY and 15% QoQ. 
  • Asset Quality: CGCL is investing in advanced analytics and data science capabilities to enhance customer segmentation, which will further improve underwriting and allow better risk selection and pricing. Credit cost normalised and was at Rs 174 million, a decline of 24% YoY and 62% QoQ on account of oneoff technical write-off in Q1FY25.
  • Capital Adequacy: CGCL maintains a robust financial position with a strong standalone Capital Adequacy of 23.7% in Q2FY25, supported by a Networth of Rs 32 billion. Similarly, CGHFL boasts a CAR of 31.9% and a Networth of Rs 8.2 billion ending Q2FY25.

Rajesh Sharma, Founder & Managing Director, Capri Global Capital, said: “We continue to see strong growth momentum and further diversify our product offering with the launch of new products Micro Lap and Roof Top Solar loans as Green Financing under our MSME segment. We believe that our significant investments in technology and focus on increasing branch and employee productivity will start yielding results in terms of reduction our cost / income ratio further. With steady increase in fee income and improvement in yields, we see further upside to our profitability. We will continue to maintain a strong focus on asset quality and strengthen our coverage ratio whilst maintaining healthy capital adequacy. As we move ahead with same vigour, we remain confident to achieve Rs 30 billion AuM by FY27 and 15% RoE over medium term.”

Result PDF

Finance company Capri Global Capital announced Q1FY25 results:

  • The consolidated AUM including co-lending AUM increased 56% YoY and 12% QoQ to touch Rs 1,74,579 million.
  • Retail growth was driven by Housing Loans up by 40% YoY and Gold Loans up by 238% YoY.
  • Co-lending AUM stood at Rs 28,601 million comprising 16.4% of consolidated AUM compared to 11.7% in Q4FY24 and 8.9% in Q3FY24.
  • The PAT for the Q1FY25 stood at Rs 757 million a strong growth of 19% YoY.
  • CGCL’s pre-provisioning operating profit increased to Rs 1,452 million, up by 32.5% QoQ.
  • Our non-interest income increased by 35% YoY in Q1FY25 supported by growth in co-lending fee income. Share of non-interest income in total income stood at 26.5% compared to 25.3% in Q1FY24.
  • CGCL’s car loan business saw distribution origination of Rs 24,277 million in Q1FY25. We have made 11 tie ups for insurance distribution under the composite license.
  • CGCL is improving the provision cover on its Stage-3 loans. The PCR on Stage-3 loans enhanced to 42.8% in Q1FY25 from 25.8% in Q1FY24. Gross Stage 3 ratio stood broadly flat at 1.97% in Q1FY25 from 1.92% as of Q4FY24.
  • CGCL maintains a robust financial position with a strong standalone Capital Adequacy of 25.4% in Q1FY25, supported by a networth of Rs 36.3 billion. Similarly, CGHFL boasts a CAR of 32.1% and a networth of Rs 8.0 billion ending Q1FY25.

Founder & Managing Director Rajesh Sharma Commented: “We continue to see strong growth momentum and believe that our significant investments in technology and focus on increasing branch and employee productivity will start yielding results in terms of improving our cost efficiency further. With steady increase in fee income and gold loan business now becoming profitable, we see further upside to our profitability. We will continue to maintain a strong focus on asset quality and strengthen our coverage ratio whilst maintaining healthy capital adequacy. As we move ahead with same vigour, we remain committed to deliver 15% RoE over medium term.”

Result PDF

Finance company Capri Global Capital announced Q4FY24 results:

Financial Highlights:

  • AUM Growth: Consolidated AUM increased by 52% YoY and 17% QoQ to touch Rs 1,56,530 million in Q4FY24, driven by retail growth momentum, especially in Gold (46% QoQ) and Housing (17% QoQ).
  • Co-lending Expansion: Co-lending AUM reached Rs 18,306 million, comprising 12% of consolidated AUM, compared to 9% in Q3FY24 and 5% in Q4FY23.
  • Profitability: Q4FY24 PAT stood at Rs 826 million, marking a robust 27% YoY and 22% QoQ growth.
  • Non-Interest Income: Non-interest income accounted for 31% of net income. Car loan distribution origination approached Rs 1,00,000 million business in FY24, with the car loan origination subsidiary becoming operational in Q3FY24.
  • Insurance Distribution: CGCL obtained a composite license from IRDAI for distributing life, non-life, and health insurance policies, aiming to generate at least Rs 200 million in net fee income from insurance distribution in FY25E.
  • Asset Quality Improvement: Provision Coverage Ratio (PCR) on Stage-3 loans increased to 43.2% in Q4FY24 from 34.7% in Q3FY24, focusing on improving provision cover. Gross Stage 3 ratio decreased to 1.9% from 2.1% in December 2023.
  • Capital Adequacy: CGCL's Capital Adequacy Ratio (CAR) stood at a strong 26.6% level in Q4FY24. The company infused Rs 2 billion in its wholly-owned subsidiary CGHFL during FY24, with CGHFL's Capital Adequacy Ratio reaching 30.5% and Networth at Rs 7.9 billion as of March 2024.

Founder & Managing Director Rajesh Sharma Commented: “The rapid upward momentum in Q4FY24 net profit is an outcome of focused execution of our business strategy. As we have continuously guided through FY24, the turnaround in our profitability is now evident with gold loan business nearly at break-even level. This has been achieved while maintaining a strong focus on asset quality, especially the coverage ratio. As we move ahead with same vigour, we expect faster improvements to continue in our profitability. We thus remain committed to deliver 15% RoE over medium term.”

Result PDF

Non-banking Financial company Capri Global Capital announced Q1FY24 results:

  • AUM including co-lending AUM increased ~61% YoY and ~9% QoQ to touch Rs 1,12,262 million
  • Disbursals in Q1FY24 increased 128% YoY but dipped 5% QoQ to Rs 26,869 million
  • Total Income of Rs 3,175 million in Q1FY24 comapred to Rs 1,749 million in Q1FY23, up 81.6% YoY
  • Profit after tax was Rs 636 million, up 38.0% YoY but lower 2.0% QoQ owing to sequentially higher credit cost.
  • Q1FY24 RoE was 7.1%, while RoA was 2.2%
  • Gross Stage 3 ratio was 1.89%, lower 82 bps YoY and 15 bps QoQ.
  • CAR was strong at 37.2% level in Q1FY24

Founder & Managing Director, Rajesh Sharma commented, “We have begun FY24 on a sound note. Despite the seasonal softness in select lending verticals, the business momentum overall has been extremely strong in Q1FY24. We are seeing an improving trend in the core earnings parameters like our loan spreads and cost-income ratio. Going ahead in FY24, we expect this performance to improve as we pause our aggressive branch expansion in Gold Loans in Q2FY24 and move rapidly towards break-even by Q4FY24. The increase in credit cost during Q1FY24 had one-off elements. On a full-year basis, we remain positive on the asset quality trends staying robust."

 

 

Result PDF

 Finance (Including Nbfcs) company  Capri Global Capital declares Q4FY22 result: 

  • AUM INR 66,325 Mn 36.8% YoY / 14.9% QoQ
  • Disbursements INR 10,406 Mn 12.0% YoY / 14.8% QoQ
  • Gross Stage 3 2.4% PCR 115.2% / Restr. Ass. 3.3%
  • Consolidated PAT INR 418 Mn 53.6% YoY / -35.6% QoQ
  • Consolidated Q4 FY22 PAT Up 54% YoY
  • CGCL reported a Consolidated Profit after Tax of Rs  418mn, up by a sharp 54% YoY but lower by 36% over a stronger Q3 FY22 PAT of Rs 649mn. One-off elevated credit cost driven by write-offs as well as proactive provisioning caused the sequential dent in quarterly profit. However, the core earnings performance was robust with an operating profit growth of 84% YoY and 7% QoQ. This cushioned the impact of higher credit costs and is also indicative of the earnings strength of CGCL.
  • Net interest margin for Q4FY22, excluding spreads on co-lending AUM, was 9.7%. Adjusted for one-off spreads in Q3 FY22, the NIMs declined 43bps QoQ. The Company believes NIM is bottoming out and going ahead, a reversal to upward trajectory shall happen
  • The FY22 Consolidated RoE was 11.3% while RoA closed at 3.3%. The company maintains its 15% RoE guidance for medium term.

Founder & Managing Director Mr. Rajesh Sharma Commented: “At CGCL, we are happy to have sustained in a very robust manner the post-Covid19 growth momentum, which restarted from Q4 FY21. As we continue on this growth journey, we shall continue to drive penetration of existing products even as we diversify our growth story. We are geared up to shortly launch the Gold Loan product. In FY23, we shall also look to bolster our growth capability aided by our revamped tech suite. We are confident of delivering amongst the best balance sheet growth rates in our peer group.

We are also cognizant of the rapidly changing macro environment and the tightening interest rate scenario. At CGCL, we have been through multiple interest rate cycles successfully and profitably. We shall navigate the interest rate scenario through a proactive balance sheet management.”

Result PDF

Finance firm Capri Global Capital declares Q3FY22 result:

  • Earnings:
    • CGCL reported a Consolidated Profit after Tax of Rs 649mn, up 32% YoY. This is the highest ever consolidated PAT surpassing the previous high of Rs 608mn reported in Q2FY21. This was supported by a 45% YoY growth in net income to Rs 1,716mn. Net interest margin for Q3FY22 was 10.3%. Expanding branch and people cost was reflected in the 63% YoY growth in operating expenses. However, the cost-income ratio softened on a sequential basis to 38.4%. Despite higher operating expenses, the operating profit growth was noted at a strong 35% YoY, reflecting the strength in core earnings. The annualized RoE touched 14.1% while RoA crossed 4% level after a year to touch 4.2%. The company maintains its 15% RoE guidance for medium term.
  • Balance Sheet:
    • Disbursals increased 2.7x YoY to touch Rs 9,064mn while the AUM increased 42% YoY touching Rs 57,693mn. The AUM growth was balanced, driven by MSME, Affordable Housing, and Construction Finance segments. The company commenced co-lending arrangement with State Bank of India and Union Bank of India during Dec’21 and expects to generate strong growth through both these channels in the next six months.
  • Liability Management:
    • Outstanding borrowings increased 25% YoY to touch Rs 41,694mn. Borrowings were long term and well-diversified across 17 lending institutions. The cost of funds was 8.2%, lower 80bps YoY and unchanged QoQ. CGCL is well-funded and maintains a well-matched asset liability profile.
  • Asset Quality:
    • Gross Stage 3 ratio was 3%, up 95bps YoY but lower 27bps QoQ. The Gross Stage 3 assets increased marginally over Q2FY22 to Rs1,724mn.
  • Strong Capital Adequacy:
    • Both CGCL and its housing finance subsidiary CGHFL are well capitalized with overall capital adequacy ratio at 35.2% and 30.0% respectively as of Q3FY22.

Founder & Managing Director Mr. Rajesh Sharma Announces CGCL’s Foray Into Gold Loans “Secured retail lending has been a focus area for Capri Global and the company is pleased to announce expansion of its retail offering by foraying into the gold loan business. Gold loans offer a vast growth potential for organized players. Capri Global, with its expanding reach in Tier 2 and 3 markets in West and North India is well placed to tap into this potential. The company shall be targeting 1,500 branch locations and a gold loan book size of Rs 8,000 crores over the next five years.

CGCL’s Q3FY22 results are once again a testimony to its capability in driving sustainable growth and delivering value to its stakeholders. New products further enhance our growth outlook and put us firmly on path to deliver an overall AUM CAGR of 22% and a RoE of 15% over the medium term.”

Result PDF

Highlights for Q2FY22:

Assets Under Management:
  • Q2FY22 was first full operational quarter after operations resumed in Jun’21 post second Covid-19 wave lockdown.
  • AUM registered a 27% YoY growth with a healthy momentum in all verticals.
  • Disbursements were up by a sharp 3.1x YoY to Rs. 5,850mn.
Liability Management:
  • CGCL continued to maintain a well-funded and diversified liability profile with relationships across 17 lending institutions.
  • The liability mix is well diversified across market borrowings, commercial bank borrowings, and refinance institutions.
  • Weighted average cost of borrowing declined 101bps YoY to 8.18%. 
Earnings Trend:
  • Total Income (NII other income) increased 18% YoY to Rs. 1,398mn.
  • Core spreads were stable 7.1% dropping a marginal 13bps QoQ. 
  • Operating profit increased 8% YoY to Rs. 787mn.
  • Profit after tax declined 14% YoY to Rs. 525mn. The decline was mainly on account standstill asset quality classification in Q2FY21 leading to almost negligible NPA provisions.
  • Cost-income ratio was noted at 42%, higher than recent average mainly due to front loaded roll-out of new branches and recruitment.
Asset Quality:
  • Gross Stage 3 increased 111bps YoY to 3.4%. It may be noted asset quality classification was at a standstill in Q2FY21 owing to regulatory forbearance early during the Covid-19 pandemic.
  • Provision Coverage Ratio further improved to 81.9% from 76.4% in Q1FY22. 
  • Restructured assets increased to Rs. 2,189mn from Rs2,038mn in Q1FY22. Restructuring option is over as per the RBI framework guidelines.
  • Collection Efficiency was stable; MSME collection efficiency was 86% (stable Q-o-Q) while Housing Finance collection efficiency was 95% (unchanged Q-o-Q).
Strong Capital Adequacy:
  • CGCL remains well capitalized with a Tier I capital adequacy at 35.8%. 
  • CGHFL also remains at very robust capital levels with Tier I capital adequacy at 34.3%. 
  • The capitalization levels are robust to support strong growth over medium term.

Return Ratios:

  • Annualized RoE / RoA of 11.7% / 3.7% respectively.
  • Annualized (diluted) EPS was Rs. 11.88 and book value per share stood at Rs. 103.2 in Q2FY22

Commenting on the performance, Founder & Managing Director Mr. Rajesh Sharma said:

“Q2FY22 was the first full quarter of operations after we resumed lending activity in Jun’21 post second wave lockdown. Our Q2FY22 results are a reflection of the optimism we have expressed in our business and growth opportunities. The robust pick-up in disbursements across all asset categories of CGCL has only added to the momentum which we see gathering further pace as the economy fully unlocks in H2FY22 with gathering pace of vaccination and subdued Covid-19 infections.

At CGCL, we remain committed to our medium-term CAGR of 22-27% between FY22E-FY27E. This is an achievable target based on the organic growth opportunities we see in our product segments with new products expected to add traction in next two years.” 

 

 

Result PDF

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