Capri Global Capital (531595) Q1 24/25 earnings summary

Executive summary

• Reported unaudited consolidated Q1 FY2025 results with 56% YoY AUM growth to Rs174,579mn and disbursals up 109% YoY, driven by retail lending and technology initiatives.

• Retail AUM above 80% of total; housing and gold loans led growth with 40% and 238% YoY increases, respectively.

• PAT for Q1FY25 reached Rs757mn, up 19% YoY, with gold loan business turning profitable.

• Board approved unaudited standalone and consolidated financial results and a fund-raising plan of up to ₹2,000 crore via various securities.

• Expanded branch network to 968 and staff count to 10,092, reflecting increased geographical presence.

Financial highlights

• AUM reached INR 17,457 crore, up 56% YoY; disbursements at INR 5,619 crore, up 109% YoY.

• Net interest income at INR 301 crore, up 27% YoY; non-interest income rose 35% YoY, with co-lending fee income up 126% YoY.

• Pre-provisioning operating profit at INR 145 crore, up 33% QoQ; PAT at Rs757mn, up 19% YoY.

• Cost-to-income ratio improved to 64.6% from 70.5% in Q4 FY2024.

• Standalone and consolidated revenue from operations and net profit grew year-over-year.

Outlook and guidance

• Targeting INR 30,000 crore AUM by FY2027; ROE expected to reach 10.5%-11% in FY2025 and 15% by FY2027.

• Gold Loan branch expansion to be gradual, with about 50 new branches planned in FY2025.

• Micro LAP segment to open 70 branches in the next three quarters.

• Board approved raising up to ₹2,000 crore through equity, debt, or convertible securities.

• Insurance distribution to emerge as a key fee contributor in FY25.