Capri Global Capital Limited · NSE:CGCL
Capri Global Capital — Q4 FY2025 Earnings Presentation
43 slides from Capri Global Capital's earnings presentation, May 6, 2025
Slide 1: Exchange filing cover letter
May 6, 2025 The Secretary The Secretary BSE Limited National Stock Exchange of India Limited Pheeroze Jeejeebhoy Towers Exchange Plaza, 5th Floor Dalal Street, Fort Plot No- 'C' Block, G Block Mumbai - 400 001 Bandra-Kurla Complex, Bandra (East) Scrip Code: 531595 Mumbai – 400 051 Scrip Code: CGCL S
Slide 2: Q4FY25 Earnings Presentation
Q4FY25 Earnings Presentation 6th May 2025
Slide 3: Business Performance
Business Performance
Slide 4: Performance Highlights
Performance Highlights (In ₹ Mn unless stated otherwise) Q4FY25 Q4FY24 FY25 FY24 AUM 228,573 156,530 46% 228,573 156,530 46% Net Interest Income 3,812 2,552 49% 13,320 9,857 35% Net Total Income 5,624 3,714 51% 18,328 13,677 34% PPoP 2,540 1,096 132% 7,341 4,570 61% PAT 1,777 826 115% 4,785 2,794 71
Slide 5: Business Update
Business Update Consolidated AUM Up 46% YoY AUM Break Up (₹ Mn) Composition of AUM (%) 228,573 206,726 2,022 2.0% 1.7% 1.2% 1.2% 0.9% 1,92,722 2,555 41,329 16.7% 16.1% 17.4% 18.1% 18.1% 1,74,579 2,220 2,928 37,424 1,56,530 33,462 3,142 23.8% 22.6% 22.5% 22.8% 28,082 52,016 26.9% 26,213 46,470 43,612
Slide 6: Retail AUM
Retail AUM Co-Lending AUM showing Steady Growth Co-Lending AUM (₹ Mn) MSME AUM (₹ Mn) 18.3% 17.9% 17.8% 52,784 16.4% 50,174 48,013 47,600 49,262 40,790 35,190 36,910 10,020 11.7% 5,960 8,446 9,710 5,490 9,347 9,560 28,601 4,690 3,548 18,306 21,710 24,810 20,940 3,185 15,706 41,728 38,666 38,040 39,5
Slide 7: MSME Business Update
MSME Business Update Well-Diversified Book by Geography Average Ticket Size (Incr. Disbursals) (₹ Mn) Live Accounts* 2.0 2.0 31,814 31,164 31,065 30,949 1.9 30,383 1.8 1.8 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Loan to Value (%) (Incremental Disbursals) Geographical Di
Slide 8: Gold Loan Business Update
Gold Loan Business Update Strong Growth Continues with a Rise In Yields Average Ticket Size (On Portfolio) (₹ lakh)* Live Accounts* 1.28 6,12,349 6,33,428 6,29,627 1.11 1.07 1.08 1.12 5,05,022 3,14,704 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Loan to Value (%) (Increment
Slide 9: Housing Finance Business Update
Housing Finance Business Update Well-Diversified Book by Geography with Focus on Self-Employed Average Ticket Size (Incr. Disbursals) (₹ lakh) Live Accounts* 22.2 36,939 19.8 19.8 34,591 18.6 32,024 31,810 33,023 17.6 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Loan to Valu
Slide 10: Construction Finance Business Update
Construction Finance Business Update Strong Pipeline of New Accounts; AUM Growth of 58% YoY Average Ticket Size (Incr. Disbursals) (₹ Mn) Live Accounts* Outstanding Sanction 287 282 261 272 268.3 269.1 246 261.9 244.5 209.7 146.6 123.0 130.0 106.6 109.0 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q4FY24 Q1FY
Slide 11: Car Loan Origination
Car Loan Origination Pan-India Presence 02 Partner Banks Pan-India coverage through presence 15 in 813 locations in 31 States & UTs 25 04 23 36 04 04 04 01 80 09 62 39 02 03 03 26 01 52 05 69 25 05 16 16 57 20 417 01 44 75 Total Locations (Branches + Feet-on-Street) 34 43 Q4FY24 Q1FY25 Q2FY25 Q3FY25
Slide 12: Car Loan Origination
Car Loan Origination Resilient Loan Originations: 8% YoY Increase Despite Auto Industry Headwinds Consistently Rising Loan Originations (₹ Mn)^ Loan Originations Full Year Basis (₹ Mn)^ 1,05,519 29,693 97,415 27,510 28,700 24,783 22,342 56,939 17,338 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 FY22 FY23 FY24
Slide 13: Network
Network
Slide 14: Network
Network Operational Expansion to Support Growth of New Businesses Branch Addition Normalizing 1,111 1,066 968 997 935 • Increased branch network with a net addition of 45 branches during Q4FY25. Total branch network stood at 1,111 branches 803 758 776 vs. 1,066 branches in Q3FY25. 750 750 • Mortgage
Slide 15: Network
Network Continuous Expansion; Presence in Major Centres MSME, Housing Finance, Construction 01 Gold Loan Branches Finance, and Car Loan Distribution 02 803 Branches in 10 States & UTs 08 05 308 Branches in 19 States & UTs 99 25 10 65 168 115 90 22 01 01 01 122 60 103 41 01 12 99 21 05 03 30 MSME Gol
Slide 16: Quarterly Earnings Performance
Quarterly Earnings Performance
Slide 17: Performance Matrix
Performance Matrix Operational Efficiency Results in 115% YoY Increase in PAT Net Interest Income (₹ Mn) Operating Profit (₹ Mn) 3,812 3,453 2,540 3,013 3,050 2,552 1,892 1,452 1,457 1,096 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Credit Costs (₹ Mn) PAT (₹ Mn) 464 1,777
Slide 18: Non-Interest Income
Non-Interest Income Sustained Momentum in Fee Income Driven by Co-lending and Insurance Distribution Net Non-Interest Income (₹ Mn)* Non-Interest Income / Net Income (%) 1,813 31.3 32.2 26.5 25.3 1,161 1,032 1,017 23.7 1,089 1,074 549 441 445 492 553 342 402 290 405 271 246 292 243 182 Q4FY24 Q1FY25
Slide 19: Loan Yields & Margins
Loan Yields & Margins Housing Finance and Gold Loans Display an Uptick in Yields MSME (%) Housing Finance (%) 15.7% 15.7% 12.9% 13.1% 15.5% 15.5% 15.5% 12.7% 12.7% 12.6% Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Construction Finance (%) Gold Loans (%) 17.2% 17.2% 17.2% 17
Slide 20: Loan Yields & Margins
Loan Yields & Margins Spreads Increase as Rise in Yield Outpaces Cost of Borrowing Yield on Advances (Wtd. Avg.) (%) Cost of Funds (Wtd. Avg.) (%) 17.3% 9.4% 9.5% 9.2% 9.3% 9.3% 16.7% 16.3% 16.2% 15.6% Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Spreads (YoA – CoF) (%) Net
Slide 21: Operating Expenses
Operating Expenses ~1,566 bps Improvement in Cost/Income YoY Basis Operating Expenses (₹ Mn) Operating Expenses Composition (%) 3,084 2,619 2,651 2,626 2,636 918 30% 30% 34% 35% 32% 798 900 907 842 2,166 70% 68% 70% 1,821 1,751 1,719 1,794 66% 65% Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q4FY25 Q1FY25 Q2F
Slide 22: Key Ratios
Key Ratios Sharp Uptick in Return Ratios Annualized Return on Equity (%) Annualized Return on Assets (%) 3.6% 16.9% 2.8% 12.6% 2.3% 2.3% 9.8% 1.9% 8.7% 7.8% Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 EPS (Diluted) (₹) (Not Annualized) Book Value Per Share (₹)* 2.14 51.1 49
Slide 23: Liabilities & Liquidity Position Update
Liabilities & Liquidity Position Update
Slide 24: Liability Mix
Liability Mix Increase led by Bank Borrowings Diversified Funding Profile (₹ Mn) Consolidated Borrowings Break-up (₹ Mn) 155,768 155,768 140,921 8,785 128,099 11,490 140,921 8,112 128,099 118,623 6,981 6,568 5,087 37,852 3,273 4,315 118,623 104,069 7,418 36,736 3,431 2,107 104,069 7,553 35,222 6,454
Slide 25: Liquidity Position
Liquidity Position Comfortable Liquidity Position Particulars CGCL (Standalone) CGHFL Consolidated Limits Sanctioned 195,340 60,809 256,149 Limits Availed 192,800 60,638 253,438 Un-Drawn 2,540 172 2,712 Repaid 77,515 22,540 100,055 Outstanding 115,285 38,097 153,382 Total no. of relationship maintai
Slide 26: Asset Quality
Asset Quality
Slide 27: Asset Quality
Asset Quality Stable Stage 3 Ratios with Adequate Provisioning Coverage ECL Analysis As Per IndAS Q4FY25 Q3FY25 Q2FY25 Q1FY25 Q4FY24 Stage 1 & 2 - Gross 184,917 166,981 154,945 143,558 135,567 Stage 1 & 2 - ECL Provisions 1,481 1,542 1,486 1,441 1,364 Stage 1 & 2 - Net 183,436 165,439 153,459 142,11
Slide 28: Segmental NPAs
Segmental NPAs Asset Quality Under Control MSME Housing Finance GNPA NNPA GNPA NNPA 5.0% 4.1% 1.7% 1.7% 3.9% 3.9% 1.6% 3.5% 1.4% 1.3% 2.9% 1.1% 1.0% 2.1% 2.2% 0.9% 0.9% 1.9% 2.0% 0.8% Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Gold Loan Construction Finance GNPA NNPA GNPA
Slide 29: Capital Adequacy
Capital Adequacy
Slide 30: Well Capitalized For Medium Term Growth
Well Capitalized For Medium Term Growth Consolidated Networth (₹ Mn) Capital Adequacy (%) 43,041 40,125 41,269 32.1% 39,195 31.9% 38,366 30.5% 29.3% 26.9% 26.6% 25.4% 23.7% 22.9% 22.8% 32,959 34,521 30,464 31,204 31,973 5,250 5,250 5,250 5,250 5,250 2,652 2,741 2,902 3,060 3,270 Q4FY24 Q1FY25 Q2FY25
Slide 31: Financial Statements
Financial Statements
Slide 32: CGCL Consolidated Income Statement
CGCL Consolidated Income Statement Quarterly Comparison ₹ Mn except stated Particulars Q4FY25 Q4FY24 Y-o-Y (%) Q3FY25 Q-o-Q (%) Interest earned 7,393 4,977 49% 6,783 9% Interest expended 3,581 2,425 48% 3,330 8% Net interest income 3,812 2,552 49% 3,453 10% Non-interest income 1,813 1,161 56% 1,074
Slide 33: CGCL Consolidated Balance Sheet
CGCL Consolidated Balance Sheet Quarterly Comparison* ₹ Mn except stated Particulars (INR Mn) Q4FY25 Q4FY24 YoY (%) Q3FY25 QoQ (%) Paid-up equity 825 825 825 Reserves and surplus 42,216 37,541 12% 40,444 4% Networth 43,041 38,366 12% 41,269 4% Bank borrowings and refinance 150,682 102,547 47% 136,60
Slide 34: CGCL Consolidated Income Statement
CGCL Consolidated Income Statement Annual Comparison All figures in ₹ Mn except stated otherwise Profit and Loss A/cFY FY21 FY22 FY23 FY24 FY25 Interest income 6,735 8,396 11,678 18,229 26,055 Interest expenses 2,887 3,308 5,317 8,372 12,726 Net interest income 3,848 5,087 6,361 9,857 13,320 New bus
Slide 35: CGCL Consolidated Balance Sheet
CGCL Consolidated Balance Sheet Annual Comparison All figures in ₹ Mn except stated otherwise Balance Sheet FY21 FY22 FY23 FY24 FY25 Liabilities Paid-up equity 351 351 412 825 825 Reserves 16,822 18,873 35,242 37,541 42,216 Ample leverage room Networth 17,173 19,225 35,655 38,366 43,041 to continue
Slide 36: CGCL Consolidated Earnings
CGCL Consolidated Earnings Du Pont Analysis RoA Tree (%) FY21 FY22 FY23 FY24 FY25 Interest income 13.1 13.0 13.6 13.5 14.5 Interest expenses 5.6 5.1 6.2 6.2 7.1 Net interest income 7.5 7.8 7.4 7.3 7.4 Other Income 1.2 1.9 3.2 2.8 2.8 Fees 1.2 1.7 1.4 0.8 0.5 Other income 0.0 0.2 1.8 2.0 2.2 Net inco
Slide 37: Leadership
Leadership
Slide 38: Strong Corporate Governance
Strong Corporate Governance Distinguished and Qualified Board Comprised Majorly of Independent Directors Lingam Venkata Subramanian Rajesh Sharma Ajit Mohan Sharan Desh Raj Dogra Nupur Mukherjee Shishir Priyadarshi Prabhakar Ranganathan Chairman & Managing Independent Independent Independent Indepen
Slide 39: Experienced and Stable Leadership Team (1/2)
Experienced and Stable Leadership Team (1/2) Proven Track Record of Scaling Businesses RETAIL BUSINESS CONSTRUCTION FINANCE & INDIRECT LENDING FEE BASED BUSINESS Ravish Gupta Vijay Kumar Gattani Sanjay Manglani Business Head — Gold Loans Director – Credit – CF Head - Insurance Ex-IIFL, GE Money, HDF
Slide 40: Experienced and Stable Leadership Team (2/2)
Experienced and Stable Leadership Team (2/2) Proven Track Record of Scaling Businesses CORPORATE FUNCTIONS Divya Sutar Partha Chakraborti Vinay Surana Director — Business Strategy Chief Financial Officer Head — Treasury GMP (Harvard Business School), Ex-R R Kabel, Hafele India, CA, CWA Ex-Axis Bank,
Slide 41: Shareholding
Shareholding ₹ 141bn ₹ 43.0bn ₹ 825.1mn ₹1 US$ 1.6bn2 Market capitalisation1 Cons. Net worth3 (Q4FY25) Paid-up Equity Face Value NOTES 14.63% 1. Market capitalization NSE on 31st March‘25. 2. 1 US$ = ₹ 85.45. Promoter Group 3. Not adjusted for DTAs; ₹ 42.2bn after adjusting for 15.50% Institutional
Slide 42: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Capri Global Capital Limited (the “Company”), have been prepared solely for information purposes only and does not constitute any offer or invitation, directly or indirectly, in any manner, or
Slide 43: For Further information, please contact
For Further information, please contact : Hardik Doshi Sheetal Khanduja Rajat Gupta investor.relation@capriglobal.in sheetal@GoIndiaAdvisors.com rajat@GoIndiaAdvisors.com O: +91 22 4354 8210 M:+91 97693 64166 M: +91 99718 97739
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