Earnings | Capri Global Capital Ltd. (NSE: CGCL): Q3FY23 Results Out; Total Income rise 51% YoY

Capri Global Capital Ltd. (NSE: CGCL) is a non-deposit taking NBFC (Non-Banking Financial Company) engaged in providing various financial services, including retail and corporate lending, real estate financing, and debt resolution. The company caters to individuals, MSMEs, and real estate developers across various sectors such as healthcare, education, and hospitality, among others. Capri Global Capital Ltd. operates through its network of branches across India and has also expanded its presence in international markets like Africa and Asia.

The company reported a total income of Rs. 384.845 crore during the period ended December 31, 2022, an increase from Rs. 346.4 crore during the period ended September 30, 2022. The company’s net profit/(loss) for the period ended December 31, 2022, was Rs. 37.4 crore, a decrease from Rs. 56.2 crore for the period ended September 30, 2022. The company’s earnings per share (EPS) for the period ended December 31, 2022, was Rs. 2.10, a decrease from Rs. 3.16 for the period ended September 30, 2022. When comparing the current year’s performance with the previous year, the company’s total income for the period ended December 31, 2022, was Rs. 384.8 crore, an increase from Rs. 258.7 crore during the period ended December 31, 2021. The company’s net profit/(loss) for the period ended December 31, 2022, was Rs. 37.417 crores, a decrease from Rs. 64.9 crore for the period ended December 31, 2021. The company’s EPS for the period ended December 31, 2022, was Rs. 2.10, a decrease from Rs. 3.66 for the period ended December 31, 2021.

Founder & Managing Director Mr. Rajesh Sharma Commented: “CGCL remains committed to its organic growth path. The near-term impact on profitability due to the brick-and-mortar expansion shall eventually pay-off as we scale up our AUM. Our core earnings remain healthy, diversified, and capable of supporting the short term opex requirements through our P&L. The performance of our car loan distribution business and the recently launched Gold Loan business is a testimony to our ability to achieve scale in a short period of time. Our expansion journey has just begun and we look forward to delivering stronger results going ahead.”