Fintech PR
Capital Trust Announces Q2 & H1 FY22 Financial Results
Capital Trust Limited (Capital Trust), a digitally enabled non-banking finance company (NBFC), specialising in providing income generating micro business loans in tier 3-5 regions, announced its financial results for the quarter ended 30th Sep 2021.
|
Particulars (In INR Millions) |
Sep-21 |
Sep-20 |
YoY% |
June-21 |
QoQ% |
|
Assets Under Management (AUM) |
3108.1  |
4294.7 |
-28% |
3,374.4 |
-8% |
|
Total Disbursement |
455.1 |
215.3 |
111% |
110.8 |
311% |
|
Net Interest Income |
127.9 |
107.2 |
19% |
101.1 |
27% |
|
Profit After Tax |
8.7 |
8.7 |
0% |
-138 |
– |
|
Gross Stage 3 Assets (% of AUM) |
3.8% |
7.1% |
-47% |
3.8% |
-1% |
|
Net Stage 3 Assets (% of AUM) |
0.0% |
0.0% |
– |
0.0% |
– |
|
90+ Assets (% of AUM) |
12.6% |
7.7% |
64% |
15.3% |
-18% |
|
Net 90% Assets (% of AUM) |
0.0% |
2.5% |
– |
0.0% |
– |
|
Capital Adequacy* |
42.6% |
49.8% |
-14% |
45.2% |
-6% |
|
Debt-to-Equity |
2.0 |
1.6 |
25% |
1.9 |
3% |
Commenting on the performance, Mr. Yogen Khosla, Managing Director, Capital Trust Limited, said, “Disbursements for the quarter grew by 311% QoQ on account of improved consumer sentiments and picking up demand across sectors. Our technology-based POS has significantly helped us in penetrating Tier III/IV cities seamlessly. The Collections picked up significantly from 81% in June to 88% in September and 89% in October, it is further expected to improve during H2FY22. The Company being inherently cautious, decided to slow down the disbursements during last year on account of Covid related lockdowns, which has helped us in keeping our asset quality intact. At the same time company has also created adequate provisions to mitigate any further impact on our loan book. We believe worst is behind us on asset quality front and new trajectory of growth is being undertaken by the company. This is further demonstrated by our continuous focus on customer penetration through branch network.
Despite the disruptions caused by COVID-19, Capital Trust has significantly expanded its branch network by opening 71 new branches during the quarter. With this, the total branch network reaches 315 branches spread across 94 Districts covering 10 states. This will help the company in further expanding our customer base, deeper penetration, and access to new markets.
The company’s robust liquidity position, healthy balance sheet, strong leadership combined with the focus on strengthening its rural-doorstep fintech model will certainly fuel its growth going forward.”
*Including investment in wholly owned subsidiaries
Consolidated Financial Highlights
- Average collection efficiency for Q2 FY22 was 88% for the company and 96% for digital loans sourced post-first lockdown
- Net worth as on 30th Sept 21 was at INR 1178.0 million
- Finance cost during Q2 FY22 was INR 155.5 million which were increased by INR 74.9 million as compared to Q1 FY22.
- Total Provisions outstanding for the year was INR 570.9 million; ECL provision was 161.1 INR million and COVID related provision was INR 409.8 million
- Strong liquidity position with INR 1152.2 million in cash/bank balance, liquid investments, and fixed deposit
- Total operational branches as on Sept 30, 2021 stood at 315 covering 94 districts across 10 states
- Business Correspondent Partnership ties ups with IDFC First Bank, MAS Financials, Dhanvarsha Finvest and OML P2P.
Portfolio Distribution
|
Particulars (In INR Millions) |
Q2 FY22 |
Q2 FY21 |
YoY% |
Q1 FY22 |
QoQ% |
|
Digitally Enabled Collection Products |
|||||
|
– Capital Magic Loan |
808.9 |
532.6 |
52% |
674.9 |
20% |
|
– Micro-Business Loan |
653.5 |
909.9 |
-28% |
759.1 |
-14% |
|
Total Capital Digital Initiative |
1,462.4 |
1,442.5 |
1% |
1,434 |
2% |
|
Cash Collections Products |
|||||
|
– Micro-Enterprise Loan |
1,599.3 |
2,450.5 |
-35% |
1,849.3 |
-14% |
|
– Secured-Enterprise Loan |
18.5 |
203.2 |
-91% |
43.8 |
-59% |
|
– Microfinance Loan |
28.0 |
198.5 |
-86% |
47.3 |
-40% |
|
Total Legacy Portfolio |
1,645.8 |
2,852.2 |
-42% |
1,940.4 |
-15% |
|
Total Assets Under Management (AUM) |
3,108.1 |
4,294.7 |
-28% |
3,374.4 |
-8% |
|
On-Book Portfolio |
2,549.4 |
3,173.0 |
-20% |
2,543.9 |
0% |
|
Off-Book Portfolio |
558.7 |
1,121.7 |
-50% |
830.5 |
-33% |
|
Total Assets Under Management (AUM) |
3,108.1 |
4,294.7 |
-28% |
3,374.4 |
-8% |
DUBAI, UAE, Sept. 6, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, set out to make the community’s TOKEN2049 journey more rewarding. Gearing up for the most anticipated blockchain and Web3 event in the region, Bybit is thrilled to announce three bonus events to enable both attendees and remote fans to both be part of the experience.
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#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
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For more information, please visit: https://www.bybit.com
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DUBAI, UAE, Sept. 6, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce it’s among the first to be granted consent to a full authorization by the Astana Financial Service Authority (AFSA). This milestone brings Bybit closer to becoming a fully regulated Digital Asset Trading Facility (DATF).
As part of a rigorous process, Bybit Kazakhstan has passed a full AML check, business conduct audit, and detailed compliance inspections. This is part of Bybit’s focus on securing new user opportunities in Kazakhstan and the broader Commonwealth of Independent States (CIS) region.
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#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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Fintech PR
Integrum ESG and CSRHub enable fund managers to monitor both long-term trends and short-term movements in ESG ratings for companies, across a 10-year time series
LONDON, Sept. 6, 2024 /PRNewswire/ — Integrum ESG, the leading alternative ESG data provider, has today announced the launch of their Consensus ESG Ratings module.
Just as investors monitor movements in consensus earnings estimates or credit ratings, investors now are aware of the demand for the ability to monitor long-term trends and short-term movements in consensus ESG ratings.
This new feature enables Integrum ESG’s asset manager clients to now see the consensus ESG score for any company, either as an absolute rating or a relative percentile ranking, across a 10-year time series.
These scores will indicate to any investor what the capital markets have ‘priced in’ for a company’s ESG performance, allowing users to quickly understand the market’s view on a company and easily conduct relative ESG analysis on the positions they hold within their Portfolio.
This regularly updated data is provided by CSRHub, the world’s leading provider of consensus ESG ratings. CSRHub has spent years aggregating and normalising a vast range of licensed sources – from large ESG ratings firms such as MSCI, ISS, S&P Global, and Sustainalytics to specialists such as CDP and Better World Companies.
Shai Hill, Founder and CEO of Integrum ESG, commented: “Many investors have told us they want a sense of ‘what is priced in’ in terms of a company’s ESG performance, so they can compare this to what anyone ESG ratings firm is saying. CSRHub is the only firm to have credibly achieved this, thanks to a model refined over years and a vast data lake – so we are delighted to be partnering with them.”
Bahar Gidwani, Co-Founder of CSRHub, added: “Investors need to fine tune their ESG-related investment strategies to improve their returns and better match the preferences of their clients. Combining CSRHub’s expert outside-in, consensus view of ESG with Integrum ESG’s detailed real-time data stream provides a strong solution for these needs.”
About Integrum ESG
Integrum ESG is the leading alternative ESG data and ratings platform for investors, blending human analysis and award-winning artificial intelligence models to capture, verify and display granular and relevant ESG data for analysis and assessment. Their Platform allows clients to dissect ESG scores, real-time sentiment, and more with a variety of unique-to-market features, empowering industry professionals and investors and giving them complete oversight of ESG risk across their portfolio.
For more information, visit www.integrumesg.com
About CSRHub
CSRHub offers the most comprehensive global set of Consensus ESG (Environmental, Social, and Governance) ratings, information, and tools. CSRHub’s business intelligence system measures the ESG business impact that drives corporate and investor sustainability decisions. Founded in 2007, CSRHub covers 56,545 public and private companies, and provides ESG performance scores on over 37,899 companies from 135 industries in 210 countries. Our Big Data platform uses algorithms to aggregate, normalize and weight ESG metrics from 957 sources to produce a strong consensus signal on corporate sustainability performance.
For more information, visit www.csrhub.com
Media Contact
Harish Karunalingam
Integrum ESG
[email protected]
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