Capital Trust reports subdued results due to higher provisions

The net interest income for the quarter rose by 73 per cent yoy and 22 per cent qoq to Rs. 35.17 crore in Q4FY18 vs Rs. 28.2 crore in Q3FY18 and Rs. 20.3 crore in previous year same quarter. This was largely due to lower increase in interest expenses over the quarter and higher increase in interest income. 

The provisions for the quarter jumped substantially from Rs. 0.73 crore in Q3FY18 to Rs. 15.74 crore in Q4FY18 . This led to a sharp decline in the bottom-line with net profit declining 84 per cent qoq and 77 per cent yoy to Rs. 1.46 crore in Q4FY18 vs Rs. 6.48 crore in Q4FY17 and Rs. 9.22 crore in Q3FY18. 

For the full year, the NII grew by 19 per cent yoy to Rs. 106 crore. The provisions also jumped to Rs. 48 crore in FY18 from Rs. 5 crore in FY17. The AUM grew by 43 per cent yoy to Rs. 795 crore. 

On Wednesday, the stock is trading down by 2.34 per cent at Rs.369 per share.