Capri Global Capital (531595) Q4 24/25 earnings summary

Executive summary

• Delivered record financial performance in FY25, with consolidated revenue up 40.2% year-over-year to ₹32,475 million and net profit up 71.3% to ₹4,785 million, driven by robust growth across MSME, affordable housing, gold loans, and construction finance segments.

• Assets under management (AUM) grew 46% year-over-year to ₹2,28,602 million (₹228,573 Mn), with significant contributions from gold loans (AUM up 130.4%), housing finance (AUM up 23.6%), and construction finance (AUM up 57.7%).

• Non-interest income streams, including insurance distribution and car loan origination, contributed over 27% of net income, with insurance net income at ₹727 million for FY25.

• Technology and data science adoption enhanced operational efficiency, risk management, and customer experience, with cost-to-income ratio improving to 54.8% in Q4 FY25.

• Retail AUM now constitutes over 80% of the portfolio, with MSME and housing loans accounting for 46% and gold loans 35%.

Financial highlights

• Net interest income for FY25 was ₹13,320 million, up 35% YoY; Q4 FY25 net interest income was ₹3,812 million, up 49% YoY.

• Q4 FY25 consolidated net profit rose to ₹1,777 million (+115% YoY); FY25 net profit at ₹4,785 million (+71% YoY).

• Net total income for Q4 FY25 was ₹5,624 million, up 51% YoY; PPOP increased 132% YoY to ₹2,540 million.

• Cost-to-income ratio improved to 54.8% in Q4 FY25 from 70.5% in Q4 FY24.

• Capital adequacy ratio at 26.9% for Q4 FY25, with total equity at ₹43,041 million.

Outlook and guidance

• Targeting ₹500 billion AUM by FY28, with 27%-30% CAGR in AUM growth and a sustainable ROE of 16% by FY28.

• Board approved raising up to ₹20,000 million via equity/other instruments and up to ₹10,000 million via NCDs to support future growth.

• Plans to add over 200 branches in the next fiscal year, focusing on underserved markets and scaling MSME and MicroLab segments.

• Continued investment in technology, branch expansion, and co-lending partnerships to drive mid-teen ROE and maintain robust asset quality.