Profectus Capital Reports 22% Growth in AUM to Rs 3,070 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 2024. PCPL’s AUM stands at Rs 3,070 crores as of March 2024, up 22% from March 2023. 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.

Financial performance highlights:

·        Total Income from Operations for the year stood at Rs 403 crores compared to Rs 273 crores for the previous fiscal year.

·        Net Profit Before Tax is up to Rs 64 crores compared to Rs 40 crores in the previous year.

·        The Assets under management grew to Rs. 3,070 crores as of 31st March 2024, reflecting 22% growth over the last year.

Commenting on the results, Mr K V Srinivasan, Executive Director, and CEO, Profectus Capital Private Limited, said, "During 2023-24 Profectus Capital focused on widening and deepening its distribution network and increase its customer base among MSME manufacturers. This strategy of knowledge-based approach to lending has helped the Company to improve its profitability while helping it maintain an excellent portfolio quality. We have invested substantial resources and time in evolving cutting-edge risk management practices which would help the Company scale up its operations aggressively over the next few years. The Company would target to attain a book size of Rs 10000 crs by FY 2027 with excellent book quality and a sustainable return on equity of 15%.”