IGI Logo

Profectus Capital Private Limited (PCPL), an NBFC backed by Actis, a global private equity firm, announced impressive figures in the financial results for the Quarter and Financial Year ended 31st December 2023. PCPL’s AUM stands at Rs 2,713 crores as of December 2023, up 34% from December 2022. The company is dedicated to funding micro, small and medium enterprises (MSMEs) across eleven product clusters in India that have inadequate access to formal channels of financing. 

* Financial performance highlights:

*Total Income from Operations for the quarter stood at Rs 104.67 crores compared to Rs 70.74 crores for the previous year quarter.

* Net Profit Before Tax is up to Rs 16.38 crores compared to Rs 12.15 crores in the previous year quarter. 

*The AUM grew to Rs. 2,713 crores as of 31st December 2023, reflecting 34% growth in the third quarter of the year.

Commenting on the results, Mr K V Srinivasan, Executive Director, and CEO, Profectus Capital Private Limited, said, “Profectus Capital has focused only on secured lending to MSMEs for productive asset creation. The Company has taken special efforts to ensure that the loan funds are used for business growth and productivity enhancement. This ensures a high quality of our portfolio and enables our business to grow in a sustainable and profitable manner, contributing to the dream of a Viksit Bharat. Our unique Cluster-oriented approach to lending enables us to spot opportunities and risks much earlier and to create meaningful and customised financial solutions to our customers. Our financial results are a testimony to the effectiveness of this approach.”

Above views are of the author and not of the website kindly read disclaimer