Capri Global Capital Soars in Q3: Assets Boom, Profits Surge

Mumbai: Capri Global Capital Ltd. (CGCL) shareholders cheered as the company unveiled a phenomenal Q3 FY24 performance, marked by explosive growth across key metrics and exciting investor rewards.

The headline grabber was undoubtedly the 54% year-over-year and 8.1% quarter-over-quarter surge in consolidated AUM, including co-lending partnerships. This impressive climb propelled AUM to a robust Rs.133,621 million, showcasing CGCL’s strong market traction.

Reflecting operational excellence, operating profit mirrored the AUM growth trajectory, leaping 78% year-over-year and 19% quarter-over-quarter to reach Rs.1,296 million. This robust performance bodes well for the company’s future.

Non-interest income, fueled by car loan fees and thriving lending activity, regained its mojo, contributing a significant 30% to net income. This marks a welcome return to form for this crucial revenue stream.

In a double bonanza for investors, the board approved a 2-for-1 stock split (from Rs.2 to Rs.1 face value) and a 1:1 bonus issue. This move reflects the company’s commitment to rewarding its loyal shareholders and boosting stock liquidity.

Further solidifying its commitment to good governance, CGCL welcomed Mr. L V Prabhakar, Mr. Shishir Priyadarshi, and Ms. Nupur Mukherjee as independent directors, subject to shareholder approval. This move is expected to enhance board diversity and expertise.

CGCL’s Q3 performance paints a picture of a company firing on all cylinders. With impressive growth, rising profitability, and investor-friendly decisions, CGCL is well-positioned for continued success in the coming quarters.