Capri Global Capital Limited · NSE:CGCL
Capri Global Capital — Q3 FY2025 Earnings Presentation
44 slides from Capri Global Capital's earnings presentation, Jan 24, 2025
Slide 1: Exchange filing cover letter
January 24, 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: C
Slide 2: Q3FY25 Earnings Presentation
Q3FY25 Earnings Presentation 24th January 2025
Slide 3: Business Performance
NY Business Performance
Slide 4: Key Highlights
Key Highlights • Capri Global Capital Ltd. continued the strong growth momentum reaching Rs206,629mn AUM, increasing 55% YoY. Consolidated disbursals touched Rs58,390mn increasing 52% YoY during Q3FY25. Retail AUM continues to be above 80% of total AUM. • Housing & Gold loan drive business momentum
Slide 5: Business Update
Business Update Consolidated AUM Up 55% YoY AUM Break Up (₹ Mn) Composition of AUM (%) 206,629 1,92,722 3.2% 2.6% 2.0% 1.3% 1.3% 2,745 1,74,579 2,478 17.0% 16.7% 16.1% 17.4% 18.1% 3,439 37,424 1,56,530 33,462 1,33,621 4,027 28,082 23.0% 22.2% 22.2% 4,300 26,213 45,860 26.1% 26.0% 42,713 40,178 22,71
Slide 6: Retail AUM
Retail AUM Co-Lending AUM showing Steady Growth Co-Lending AUM (₹ Mn) MSME AUM (₹ Mn) 18.3% 17.8% 36,810 50,653 49,682 16.4% 35,190 47,771 48,880 48,240 4,690 5,490 11.7% 28,601 7,110 8,446 9,347 9,710 9,560 3,548 8.9% 18,306 20,940 21,610 3,185 15,706 11,948 40,661 42,207 39,533 38,680 39,972 2,583
Slide 7: Disbursals
Disbursals Sustained Momentum In Disbursals, Rise of 52% YoY Segmental Disbursals (₹ Mn) Composition of Segmental Disbursals (%) 59,514 58,390 56,197 5.4% 7.4% 54,641 10.4% 4,300 17.0% 15.2% 9,034 3,043 10.9% 5,690 14.1% 6,133 8,220 3.7% 16.9% 12.4% 7,402 2,058 14.1% 8.6% 9,242 5,030 7.8% 38,458 12.
Slide 8: MSME Business Update
MSME Business Update Well-Diversified Book by Geography Average Ticket Size (Incr. Disbursals) (₹ Mn) Live Accounts* 2.2 2.2 1.9 1.9 31,814 31,164 31,065 30,482 30,358 1.6 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Loan to Value (%) (Incremental Disbursals) Geographical Di
Slide 9: Gold Loan Business Update
Gold Loan Business Update Strong Growth Continues with a Rise In Yields Average Ticket Size (On Portfolio) (₹)* Live Accounts* 112.1 612,349 633,428 110.9 505,022 106.9 107.5 314,704 100.4 238,465 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Loan to Value (%) (Incremental Di
Slide 10: Housing Finance Business Update
Housing Finance Business Update Well-Diversified Book by Geography with Focus on Self-Employed Average Ticket Size (Incr. Disbursals) (₹ Mn) Live Accounts* 34,591 2.0 2.0 32,024 31,810 33,023 1.9 1.9 28,847 1.6 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Loan to Value (%) (
Slide 11: Construction Finance Business Update
Construction Finance Business Update Strong Pipeline of New Accounts; AUM Growth of 65% YoY Average Ticket Size (Incr. Disbursals) (₹ Mn) Live Accounts* 287 Outstanding Sanction 261 272 268.3 233 246 258.4 261.9 244.5 209.7 123.0 130.0 97.5 106.6 109.0 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q3FY24 Q4FY2
Slide 12: Car Loan Origination
Car Loan Origination Pan-India Presence 02 Partner Banks Pan-India coverage through presence 15 in 811 locations in 31 States & UTs 25 04 23 36 04 04 04 01 80 09 62 39 02 03 03 25 01 52 05 69 24 05 16 16 57 20 417 01 44 75 Total Locations (Branches + Feet-on-Street) 34 43 Q3FY24 Q4FY24 Q1FY25 Q2FY25
Slide 13: Car Loan Origination
Car Loan Origination Resilient Loan Originations: 5% YoY Increase Despite Auto Industry Headwinds Consistently Rising Loan Originations (₹ Mn)^ Loan Originations Full Year Basis (₹ Mn)^ 97,415 29,720 28,302 27,510 77,695 25,633 22,342 56,939 17,020 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 FY22 FY23 FY24 9
Slide 14: Network Strength
NY Network Strength N y »
Slide 15: Network Strength
Network Strength Operational Expansion to Support Growth of New Businesses Branch Addition 1,066 968 997 919 935 • Increased branch network with a net addition of 69 branches during Q3FY25. Total branch network stood at 1,066 branches 776 750 750 758 vs. 997 branches in Q2FY25. 747 • MSME, Micro LAP
Slide 16: Geographical Footprint
Geographical Footprint Continuous Expansion; Presence in Major Centres MSME, Housing Finance, CF, and Car Loan Gold Loan Branches Distribution 01 776 Branches in 9 States & UTs 290 Branches in 19 States & UTs 08 03 99 24 11 58 87 21 166 108 01 59 01 01 122 102 40 01 13 92 13 05 03 27 MSME Gold 15
Slide 17: Quarterly Earnings Performance
Quarterly Earnings Performance
Slide 18: Performance Highlights
Performance Highlights Operational Efficiency Results in 88% YoY Increase in PAT Net Interest Income (₹ Mn) Operating Profit (₹ Mn) 3,466 1,891 3,013 3,050 2,552 1,452 1,457 2,450 1,299 1,096 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Credit Costs (₹ Mn) PAT (₹ Mn) 464 1,2
Slide 19: 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 (%) 1,161 1,052 1,089 1,032 1,070 31.3 30.0 26.5 549 25.3 441 467 23.6 470 445 293 342 402 311 405 289 271 246 292 182 Q3FY24 Q4FY24 Q
Slide 20: Loan Yields & Margins
Loan Yields & Margins Uptick in Housing Finance and Gold Loans Yields MSME (%) Housing Finance (%) 15.6% 15.7% 15.7% 15.5% 15.5% 12.7% 12.7% 12.7% 12.9% 12.6% Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Construction Finance (%) Gold Loans (%) 17.2% 17.2% 17.2% 20.6% 16.6% 1
Slide 21: Loan Yields & Funding Cost
Loan Yields & Funding Cost Expansion in Margins and Spreads Yield on Advances (Wtd. Avg.) (%) Cost of Funds (Wtd. Avg.) (%) 16.7% 9.3% 9.4% 16.3% 16.2% 9.1% 9.2% 9.2% 15.5% 15.6% Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Spreads (YoA – CoF) (%) Net Interest Margin (%)^ 7.
Slide 22: Operating Expenses
Operating Expenses ~600bps Improvement in Cost/Income QoQ Basis Operating Expenses (₹ Mn) Operating Expenses Composition (%) 2,619 2,651 2,626 2,645 2,203 798 900 907 851 32% 30% 34% 35% 32% 698 1,821 1,751 1,719 1,794 68% 70% 66% 65% 68% 1,505 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q3FY24 Q4FY25 Q1FY25
Slide 23: Key Ratios
Key Ratios Sharp Uptick in Return Ratios Annualized Return on Equity (%) Annualized Return on Assets (%) 2.8% 12.6% 2.3% 2.3% 9.8% 2.0% 8.7% 1.9% 7.3% 7.8% Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 EPS (Diluted) (₹) (Not Annualized) Book Value Per Share (₹)* 1.54 49.0 47.
Slide 24: Liabilities & Liquidity Position Update
Liabilities & Liquidity Position Update
Slide 25: Liability Mix
Liability Mix Increase led by Bank Borrowings Diversified Funding Profile (₹ Mn) Consolidated Borrowings Break-up (₹ Mn) 140,921 140,921 128,099 8,112 128,099 118,623 6,981 6,568 3,273 4,315 118,623 36,736 104,069 7,418 2,107 3,431 104,069 35,222 93,183 7,553 6,454 93,183 32,581 3,873 6,632 1,522 4,
Slide 26: Liquidity Position
Liquidity Position Comfortable Liquidity Position Particulars CGCL (Standalone) CGHFL Consolidated Limits Sanctioned 175,090 59,309 234,399 Limits Availed 170,512 56,688 227,200 Un-Drawn 4,578 2,622 7,199 Repaid 69,675 20,007 89,681 Outstanding 100,837 36,681 137,518 Total no. of relationship mainta
Slide 27: Asset Quality
Asset Quality
Slide 28: Asset Quality
Asset Quality Stable Stage 3 Ratios with Adequate Provisioning Coverage ECL Analysis As Per IndAS Q3FY25 Q2FY25 Q1FY25 Q4FY24 Q3FY24 Stage 1 & 2 - Gross 166,981 154,945 143,070 135,567 119,112 Stage 1 & 2 - ECL Provisions 1,542 1,488 1,437 1,364 1,688 Stage 1 & 2 - Net 165,439 153,457 141,633 134,20
Slide 29: Segmental NPAs
Segmental NPAs Asset Quality Under Control MSME Housing Finance GNPA NNPA GNPA NNPA 5.0% 4.1% 1.7% 1.7% 3.8% 3.9% 1.6% 1.6% 3.5% 1.3% 2.7% 2.9% 1.1% 1.0% 1.0% 2.2% 2.2% 0.9% 1.9% 0.8% Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Gold Loan Construction Finance & IL GNPA NNPA
Slide 30: Capital Adequacy
Capital Adequacy
Slide 31: Well Capitalized For Medium Term Growth
Well Capitalized For Medium Term Growth Consolidated Networth (₹ Mn) Capital Adequacy (%) 40,125 41,269 38,366 39,195 44.2% 37,543 32.1% 31.9% 30.5% 29.3% 28.0% 32,959 26.6% 25.4% 30,464 31,204 31,973 23.7% 22.9% 29,828 5,250 5,250 5,250 5,250 5,250 2,465 2,652 2,741 2,902 3,060 Q3FY24 Q4FY24 Q1FY25
Slide 32: Financial Statements
NY Financial Statements N y »
Slide 33: CGCL Consolidated Income Statement
CGCL Consolidated Income Statement Quarterly Comparison ₹ Mn except stated Particulars Q3FY25 Q3FY24 Y-o-Y (%) Q2FY25 Q-o-Q (%) Interest earned 6,787 4,659 46% 6,155 10% Interest expended 3,321 2,209 50% 3,105 7% Net interest income 3,466 2,450 41% 3,050 14% Non-interest income 1,070 1,052 2% 1,033
Slide 34: CGCL Consolidated Balance Sheet
CGCL Consolidated Balance Sheet Quarterly Comparison* ₹ Mn except stated Particulars (INR Mn) Q3FY25 Q3FY24 YoY (%) Q2FY25 QoQ (%) Paid-up equity 825 412 825 Reserves and surplus 40,444 37,131 8.9% 39,300 2.9% Networth 41,269 37,543 9.9% 40,125 2.9% Bank borrowings and refinance 136,606 91,661 49.0%
Slide 35: CGCL Consolidated Income Statement
CGCL Consolidated Income Statement Annual Comparison All figures in ₹ Mn except stated otherwise Profit and Loss A/c FY20 FY21 FY22 FY23 FY24 Interest income 6,700 6,735 8,396 11,678 18,228 Interest expenses 2,828 2,887 3,308 5,317 8,359 Net interest income 3,872 3,848 5,087 6,361 9,869 New business
Slide 36: CGCL Consolidated Balance Sheet
CGCL Consolidated Balance Sheet Annual Comparison All figures in ₹ Mn except stated otherwise Balance Sheet FY20 FY21 FY22 FY23 FY24 Liabilities Paid-up equity 350 351 351 412 825 Reserves 15,042 16,822 18,873 35,242 37,541 Ample leverage room Networth 15,392 17,173 19,225 35,655 38,366 to continue
Slide 37: CGCL Consolidated Earnings
CGCL Consolidated Earnings Du Pont Analysis RoA Tree (%) FY20 FY21 FY22 FY23 FY24 Interest income 15.4 13.1 13.0 13.6 13.5 Interest expenses 6.5 5.6 5.1 6.2 6.2 Net interest income 8.9 7.5 7.8 7.4 7.3 Other Income 1.0 1.2 1.9 3.2 2.8 Fees 0.9 1.2 1.7 1.4 0.8 Other income 0.1 0.0 0.2 1.8 2.0 Net inco
Slide 38: Leadership Team
Leadership Team
Slide 39: Board of Directors
Board of Directors Independent Board Guides Executive Management Lingam Venkata Subramanian Rajesh Sharma Ajit Mohan Sharan Desh Raj Dogra Nupur Mukherjee Shishir Priyadarshi Prabhakar Ranganathan Chairman & Managing Director Independent Independent Independent Independent Independent Independent Di
Slide 40: Experienced and Stable Leadership Team (1/2)
Experienced and Stable Leadership Team (1/2) Experienced Team with Vintage RETAIL BUSINESS CONSTRUCTION FINANCE & INDIRECT LENDING Ravish Gupta Amar Rajpurohit Vijay Kumar Gattani Business Head — Gold Loans Business Head — MSME Director – Credit – CF Ex-IIFL Finance, GE Money, HDFC Ex-AU Financiers,
Slide 41: Experienced and Stable Leadership Team (2/2)
Experienced and Stable Leadership Team (2/2) Experienced Team with Vintage CORPORATE FUNCTIONS TECHNOLOGY & DATA ANALYTICS Divya Sutar Vivek Jain Tarun Aggarwal Director — Business Strategy Chief Human Resources Officer Group Chief Technology Officer Ex-Viteos Capital Market & XL Ex- Kotak Mahindra
Slide 42: Shareholding
Shareholding ₹ 154bn ₹ 41.3bn ₹ 825.1mn ₹1 US$ 1.8bn2 Market capitalisation1 Cons. Net worth3 (Q3FY25) Paid-up Equity Face Value4 NOTES 14.58% 1. Market capitalization NSE on 31st December‘24. 2. 1 US$ = ₹ 85.58. Promoter Group 3. Not adjusted for DTAs; ₹ 40.4bn after adjusting for DTAs; 15.55% Inst
Slide 43: 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 44: 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 M: +91 81083 45011 M:+91 97693 64166 M: +91 99718 97739
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