In chat with Anil Singhvi, Capri Global Capital Limited MD says company achieved all-time high month-on-month disbursement in Q3
Zee Business Managing Editor Anil Singhvi on Thursday spoke to Capri Global Capital Limited MD Rajesh Sharma and asked him about the result of the company in this quarter.
Zee Business Managing Editor Anil Singhvi on Thursday spoke to Capri Global Capital Limited MD Rajesh Sharma and asked him about the result of the company in this quarter. An NBFC, Capri Global deals in MSME and housing loan finance business, informed Zee Business Managing Editor.
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Talking about the Q3 result of Capri Global Capital Limited, company's MD Rajesh Sharma said, "This has been the best quarter for the company as far as disbursement is concerned. We have 80 branches in Tier 3, Tier 4 towns, where demand is very robust in MSME affordable housing. We have done new disbursement of around Rs 380 crore, which is more than last year's disbursement. Despite making adequate provisioning, our profit I 9 months has remained flat. We have made a profit of Rs 150 crore in 9 months as against Rs 160 crore in entire last year. There was not much business in the first six months, however, last three months have been good. Overall, our month-on-month disbursement was all-time high in the last quarter and next quarter it is also going to be very good."
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Talking about NPA situation, Sharma said we don't face much recovery issue as we have house, or business premises of the loan seeking person concerned under collateralise. " From accounting purpose, if we don't get EMI we have to put that asset under NPA column. There is not much increase in NPA."
MSME and affordable housing are growth drivers of economy, which are supportive business of big business and they also have government and RBI backing, he said. " I don't think there will be shortage of demand in these two sectors for the next 5 to 10 years."
Talking about lower interest rate effect on cost of fund, Capri Global Capital Limited MD our cost of fund in the last one year has come down from 75 basis and we believe our cost of fund will be stable going forward. " we have given benefit of lower interest rates to our customers. We have focused on better quality customer, better profiles and better safety margin rather than improving our margin."
On company's future plans, he said currently Capri Global Capital Limited has 80 branches, which he plans to increase further and will continue catering to affordable housing and MSME segment. " We are also exploring the option of two-wheeler financing and second-hand car products to our customers. We will work on this proposal in the next six months and form a team, which will add these products. Based on these four products, we aim to achieve growth rate of more than 30 per cent from next year. "
08:06 PM IST