CGCL announces total Income of Rs 120.03 Cr
Business

CGCL announces total Income of Rs 120.03 Cr

Mumbai, Sep 11: Capri Global Capital Limited (CGCL), a leading NBFC in the lending to MSME and Affordable Housing sector, has announced its total Income of Rs 120.03 crore in Quarter one of 2019 as against Rs 68.18 crore in the corresponding previous period last year which is an increase of 76.06 per cent.

The Net Profit was Rs 27.14 crore, an increase of 283.79 per cent, the company said in a statement.

As on June 30, 2018, the net worth of the Company stood at Rs 1,246.28 crore - an increase of 7.69 per cent.

The company continues to enjoy high credit rating of CARE A+ (Stable) and BRW AA- (Stable) for its long-term borrowing program for NBFC and CARE A- (Stable) for its Housing Finance business by CARE.

Capri Global Housing Finance Limited (CGHFL), a subsidiary of CGCL, is India’s emerging Housing Finance Company with book size of over Rs 367.16 crore in Q1FY19.

As on June 30, 2018, CGHFL had a wide distribution network with over 68 branches in eight states - including Maharashtra, Gujarat, Delhi NCR, Rajasthan, Madhya Pradesh, Haryana, Uttar Pradesh, Chhattisgarh. The CGCL addresses the capital needs of MSMEs through its SME & Retail Lending vertical by offering multiple products including MSME business Loans, Working Capital Term Loans, Term Loans Against Property Rentals and Term Loans for Purchase of Property. (UNI)