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Profectus Capital announces Q2FY23 results
by Prashant Kapadia/NHN
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Net Profit Before Tax up at Rs 8.78 crores, 149% rise
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Income up at Rs 64.44 crores, 78% up
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Gross NPA at 1.11%
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Loan book now stands at Rs 1,833.39 crores as of 30th September 2022
Mumbai, November 2022: 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.”
About Profectus Capital: Profectus Capital Pvt Ltd (Profectus Capital) is a non-banking financial company (NBFC) that focuses on providing bespoke financial solutions to MSMEs in select manufacturing and services sectors. The company commenced operations in November 2017 and has financed entities in various sectors such as education, pharmaceuticals, healthcare, food processing, engineering and machine tools, printing and packaging, textiles, chemicals and plastics Most of the customers with a turnover of Rs 30-300 million. Profectus Capital has 24 branches in 24 cities across 12 states/union territories. Actis, a global private equity (PE) firm, holds a 100% stake in the Company.
Profectus Capital has built sectoral expertise and offers Cluster Specific Term Loans, Equipment Purchase Loans, Supply Chain Finance and Funding to smaller NBFCs. The company leverages cutting edge technology for quicker and robust loan processing, easier documentation and consistent decision making.
Website:http://www.profectuscapital.com
LinkedIn:https://www.linkedin.com/company/profectuscapital/