Profectus Capital Private Limited (PCPL), an NBFC sponsored by Actis, a worldwide private equity firm, reported remarkable financial achievements for the fiscal quarter and year ending March 31, 2023. PCPL’s AUM is Rs 2,453 crores as of March 2023, a 62% increase from March 2022. The company is committed to investing micro, small, and medium-sized enterprises (MSMEs) in eleven product clusters in India that lack access to official financing channels. The Reserve Bank of India recently granted it a Certificate of Registration under the Factoring Regulation Act, 2011.
In a remarkable feat, the company has reported outstanding financial performance for the fiscal year. Total Income from Operations soared to Rs 273 crores, showcasing a substantial growth compared to the previous fiscal year’s Rs 162 crores.
Net Profit Before Tax has also witnessed a remarkable surge, reaching an impressive Rs 40 crores, a substantial increase from the previous year’s Rs 11 crores.
Furthermore, the company’s loan book experienced exponential growth, surging by an impressive 62% year on year to reach a staggering Rs. 2,453 crores as of March 31, 2023.
Commenting on the results, K V Srinivasan, Executive Director, and CEO, Profectus Capital Private Limited, said, ” Over the last five years, we have established ourselves as the specialist in MSME lending, with a perfect mix of customer orientation, risk management and technology backbone. The FY23 performance reflects the maturity of the organisation’s business model. Not only have we grown at a quick pace, but we have also maintained excellent book quality. Profitability and return on assets also reflect a strong trajectory; we are confident of further improvement in those metrics. MSMEs will power the country’s ambition to become the third-largest economy in the next few years, and this augurs well for our business. Our focus is on the fastest-growing sectors, and our cluster-specific credit policies help us to spot business opportunities and risks better.”
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