FinanceInFocusMSME Loans

Profectus Capital Reports Net Profit Before Tax Up By 149% at Rs 8.78 Crores in Q2FY23

Profectus Capital's income is up at Rs 64.44 crores, 78% up, Gross NPA is reported at 1.11%. Loan book now stands at Rs 1,833.39 crores as of 30th September 2022

Sharing is caring!

Profectus Capital Private Limited (PCPL), an NBFC backed by Actis, a global private equity firm, announced impressive financial figures for the quarter ended 30th September 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.

Q2FY23 key performance highlights are:

Total Income from Operations stood at Rs 64.44 crores compared to Rs 36.17 crores Q2 FY 22(78% growth YOY), and Net Profit Before Tax is up to Rs 8.78 crores as compared to Rs 3.53 crores in the same quarter the previous year. The loan book grew to Rs. 1833.39 crores as of 30th September 2022, reflecting 89% growth over the same period the previous year.

Commenting on the results, Mr K V Srinivasan, Executive Director, and CEO, Profectus Capital Private Limited, said, “Our focus continues to be on financing productive asset creation in the high-growth segments of the Indian economy. With the return of economic growth and improved business sentiments our performance has grown significantly. Our loan book quality is reflected in the very modest Gross NPA numbers. As we continue on our journey, we will focus on productivity and quality while maintaining the growth rate to achieve even better results.”

SMEStreet Edit Desk

SMEStreet Edit Desk is a small group of excited and motivated journalists and editors who are committed to building MSME ecosystem through valuable information and knowledge spread.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
%d bloggers like this: