Capri Global Capital (531595) Q2 24/25 earnings summary

Executive summary

• Achieved 56% year-on-year AUM growth to INR 19,273 crore (Rs1,92,722mn), with retail AUM above 80% and strong momentum in gold and housing loans.

• PAT reached INR 97 crore (Rs970mn), up 49% year-on-year, marking the highest-ever quarterly PAT; annualized ROA at 2.3% and ROE at 9.8%.

• Launched new products including Micro LAP, Rooftop Solar Loan Series, and Capri Solar Finance, expanding into green financing.

• Technology and AI-driven initiatives implemented across customer onboarding, underwriting, collections, and engagement.

• Expanded branch network to 997 and staff count to 10,683, reflecting increased geographical presence.

Financial highlights

• Net interest income for Q2 FY25 was INR 305 crore (Rs3,050mn), up 22% year-on-year; non-interest income reached INR 103 crore (Rs1,033mn), up 29% year-on-year.

• Consolidated net profit for Q2 FY25 was INR 97 crore (Rs970mn), up 49% year-on-year; pre-provisioning operating profit rose 34% year-on-year to INR 146 crore (Rs1,457mn).

• Cost-to-income ratio improved to 64.3% from 70.5% in Q4 FY24.

• EPS (diluted) for Q2 FY25 at Rs1.17, up from Rs0.79 YoY.

• Standalone and consolidated total income for H1 FY25 were ₹10,834 million and ₹14,709 million, respectively, both up year-on-year.

Outlook and guidance

• Confident of crossing INR 30,000 crore AUM by FY27, with growth led by MSME, gold, and new products.

• Targeting mid-teen ROE by March 2027, expecting to reach around 11% this year.

• Rooftop solar loan book expected to reach INR 1,000 crore, with significant scale-up planned next year.

• Board approved raising up to Rs10,000mn via NCDs and up to Rs20,000mn via equity/other instruments to support growth.

• Board approved issuance of NCDs up to ₹1,000 crore, indicating plans for further capital raising.