Profectus Capital Reported Net Profit Before Tax at Rs 12.15 Crores With 190% Increase
Profectus Capital is dedicated to funding micro, small and medium enterprises (MSMEs) across eleven product clusters in India that have inadequate access to formal channels of financing.
Profectus Capital Private Limited (PCPL), an NBFC backed by Actis, a global private equity firm, announced impressive financial figures for the quarter ended 31st December 2022. Profectus Capital is dedicated to funding micro, small and medium enterprises (MSMEs) across eleven product clusters in India that have inadequate access to formal channels of financing.
Q3FY23 key performance highlights are:
Total Income from Operations stood at Rs 70.74 crores compared to Rs 41.36 crores Q3 FY 22 (71% growth YOY), and Net Profit Before Tax is up to Rs 12.15 crores as compared to Rs 4.18 crores in the same quarter the previous year. The loan book grew to Rs. 1980.24 crores as of 31st December 2022, reflecting 72 % growth over the same period last year.
Commenting on the results, Mr K V Srinivasan, Executive Director and CEO, Profectus Capital Private Limited, said, “We focus on sectors that constitute the fastest-growing segments of our economy. We have significantly enhanced our customer experience by leveraging state-of-the-art technology. The MSME sector has emerged strongly from the impact of Covid – 19 and is expected to play a strong role in the resurgent Indian economy. Profectus Capital is fully equipped to support this resurgence.”
“Our financial performance reflects our conservative but forward-looking lending philosophy. The strength of our processes and excellent book quality gives us the right platform for aggressive yet sustainable and profitable growth.”