Profectus Capital Reports 22% AUM Growth in Q1 FY25

Profectus Capital Private Limited (PCPL), an NBFC backed by Actis, a global private equity firm, announced impressive performance in the financial results for the first quarter ended on 30th June 2024. PCPL’s AUM stands at Rs 2,944 crores as of June 2024, up 22% from June 2023. The company is dedicated to funding micro, small and medium enterprises (MSMEs) across eleven product clusters in India that need tailor-made financing for their growth aspirations.

Q1FY25 key performance highlights:

• Total Income from operations for the quarter stood at Rs 99.52 crores compared to Rs. 92.96 crores for the previous year’s quarter 1
• Net Profit Before Tax is up to Rs 13.54 crores.
• The AUM grew to Rs. 2,944 crores as of 30th June 2024, reflecting a 22% growth over AUM as on 30th June 2023.
• The Gross Non-Performing Assets (GNPA) and Net Non-Performing Assets (NNPA) ratios were maintained at 1.8% and 1.4% respectively on the total AUM, reflecting the high quality of the company’s asset portfolio.

Commenting on the results, Mr K V Srinivasan, Executive Director and CEO, Profectus Capital Private Limited, said "Our strong Q1 results and strategic expansion of our distribution network have positioned us well for FY25 and beyond. We're targeting a book size of Rs 10,000 crore by FY 2027, maintaining excellent portfolio quality and a 15% return on equity. The recent budget initiatives have created favourable conditions for MSMEs, aligning perfectly with our focus on supporting their growth. We're committed to leveraging these opportunities, providing tailored financial solutions that enable MSMEs to overcome challenges and seize new prospects. By empowering this vital sector, we're not just pursuing our own growth, but actively contributing to broader economic resilience and innovation."