Profectus Capital Income for FY23 Grew by 69% at Rs. 273 Crores

Profectus Capital Private Limited (PCPL), an NBFC backed by Actis, a global private equity firm, announced impressive figures in the financial results for the Quarter and Financial Year ended 31st March 2023. PCPL’s AUM stands at Rs 2,453 crores as of March 2023, up 62% from March 2022. The company 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. Recently, it also received a Certificate of Registration under the Factoring Regulation Act, 2011 from the Reserve Bank of India.

Financial performance highlights:

• Total Income from Operations for the year stood at Rs 273 crores compared to Rs 162 crores for the previous fiscal year.
• Net Profit Before Tax is up to Rs 40 crores compared to Rs 11 crores in the previous year.
• The loan book grew to Rs. 2,453 crores as of 31st March 2023, reflecting 62% growth over the last year.

Commenting on the results, Mr K V Srinivasan, Executive Director, and CEO, Profectus Capital Private Limited, said, " Over the last five years, we have established ourselves as the specialist in MSME lending, with a perfect mix of customer orientation, risk management and technology backbone. The FY23 performance reflects the maturity of the organisation’s business model. Not only have we grown at a quick pace, but we have also maintained excellent book quality. Profitability and return on assets also reflect a strong trajectory; we are confident of further improvement in those metrics.  MSMEs will power the country’s ambition to become the third-largest economy in the next few years, and this augurs well for our business. Our focus is on the fastest-growing sectors, and our cluster-specific credit policies help us to spot business opportunities and risks better.”