Capital Trust reports healthy results

Capital Trust reported healthy quarterly numbers in Q3FY18. The AUM and margins also showed stellar performance in the quarter. The NII for the quarter rose by 42.4 per cent yoy and 56.2 per cent qoq. This was largely led by robust rise in interest income at Rs.45.8 crore in Q3FY18 as compared to Rs. 27.7 crore in the previous year corresponding quarter.

Further, the AUM for the quarter also grew by 47 per cent yoy to Rs.717 crore in previous year corresponding quarter. The total borrowings for the quarter also rose by 95 per cent to Rs. 536 crore. However, the total cost of borrowings for the quarter also declined by 6 per cent yoy to 13.4 per cent as compared to 14 per cent in previous year corresponding quarter. Thereby, net interest margins for the quarter rose by 17 per cent qoq and declined 28 per cent yoy to 13.5 per cent.

The asset quality remained same over the previous quarter at 13.2 per cent of GNPA’s. The net profit for the quarter doubled to Rs. 9.4 crore and declined 3 per cent over the previous year corresponding quarter. On Friday, at 12:58 hours the stock was trading at Rs. 500 per share, marginally down by 0.4 per cent.