by Suman Gupta
- Net Profit Before Tax up at Rs 5.51 crores, 94% rise
- Income up at Rs 56.32 crores, 59% up
- Gross NPA at 0.89%
- Loan book now stands at Rs 1615.96 crores as of 30th June 2022
Mumbai, 09th August 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 June 2022. Profectus Capital is dedicated to funding micro, small and medium enterprises (MSMEs) who have limited access to formal channels of financing in various sectors across product segments.
Q1FY21 key performance highlights are:
Total Income from Operations stood at Rs 56.32 crores compared to Rs 35.44 crores in the same quarter last year and Net Profit Before Tax up to Rs 5.51 crores as compared to Rs 2.84 crores in the same quarter the previous year.
Commenting on the results, Mr K V Srinivasan, Executive Director and CEO, Profectus Capital Private Limited, said, “We have posted phenomenal numbers in our first Q1 financial results, primarily led by the growth in the Industrial and Manufacturing segment. Overall, it has been a challenging period; however, due to government capital investment and strong support for the MSME sector, our growth has been excellent in the past few quarters. Since lockdown restrictions have eased, we will continue to focus on our journey and expect to perform better with sustainable margins, new product launches, and better performance in the MSME financing segment.”
About Profectus Capital: Profectus Capital Pvt Ltd (Profectus Capital) is a non-banking financial company (NBFC) focused on providing bespoke financial solutions to MSMEs in select manufacturing and services sectors. The company kickstarted its operations in November 2017 and has financed entities in various sectors such as educational institutions, pharmaceuticals, healthcare, food processing, engineering and machine tools, printing and packaging, textiles, and readymade garments (RMG), chemicals and plastic and ancillary industries with a turnover of Rs 30-300 million. Profectus Capital has a presence with 24 branches in 24 cities across 12 states/union territories. Actis, a global private equity (PE) firm, holds a 100% stake on 31st March 2022.
Profectus Capital has built sectoral expertise and offers Cluster Specific Term Loans, Working Capital Term Loans, Supply Chain Financing Solutions and NBFC and MFI Funding. The company leverages technology for quicker loan processing with minimum documentation and faster lending decisions.
Website: http://www.profectuscapital.com
