Capri Global Q4 FY25 results: profit up 115% in FY25

What the latest results updates show

Capri Global Capital Ltd (CGCL), a diversified NBFC, has reported a series of quarterly updates that point to strong year-on-year growth across income and profitability metrics. The company’s disclosures include Q4 FY25 performance indicators, standalone quarterly numbers for September 2025, and net sales for the December 2025 quarter for both consolidated and standalone reporting.

Across these updates, the common theme is higher income and profit on a year-on-year basis, even when quarter-on-quarter trends show volatility. The company has also highlighted improving efficiency, reflected in a lower cost-to-income ratio in some of the reported metrics. In addition, management has revised its AUM ambition upwards for FY28.

Q4 FY25: profit and revenue growth (consolidated update)

For the quarter ended 31 March 2025 (Q4 FY25), one results update stated that consolidated net profit rose 115.23% year-on-year to ₹177.74 crore versus ₹82.58 crore in Q4 FY24. In the same update, revenue from operations increased 47.59% year-on-year to ₹957.32 crore. Interest income was reported at ₹739.26 crore, up 48.53% year-on-year from ₹497.72 crore.

The same set of numbers also showed total expenses rising 33.14% year-on-year to ₹722.53 crore, while finance cost increased 47.6% year-on-year to ₹358.11 crore. Fee and commission income was reported at ₹102.35 crore, up 48.14% year-on-year. Profit before tax (PBT) was stated at ₹235.51 crore in Q4 FY25, up 121.12% year-on-year.

The market reaction captured in the update was positive, with the stock noted as rising 4.04% to ₹170.10 following the results.

Q4 FY25: income and PAT table showing QoQ softness

A separate Q4 FY25 table in the provided material reported total income of ₹649.20 crore, down 21.0% quarter-on-quarter from ₹821.83 crore in Q3 FY25, but up 43.0% year-on-year from ₹454.11 crore in Q4 FY24. In that dataset, profit after tax (PAT) stood at ₹82.59 crore, down 35.5% quarter-on-quarter, while still up 27.3% year-on-year.

This combination of datasets indicates that CGCL’s reported quarter numbers can vary depending on whether the metric is “total income” versus “revenue from operations” and on the specific reporting cut used in the update. Readers typically reconcile such differences by checking the company’s exchange filing definitions for each line item.

Key Q4 FY25 data points (as reported)

Data Source in the material: BSE, company announcements

December 2025 quarter: net sales growth

In another update dated 03.02.2026, the company’s consolidated net sales for the December 2025 quarter were reported at ₹1,220.31 crore, up 48.68% year-on-year. Standalone net sales for the same quarter were reported at ₹940.50 crore, up 56.55% year-on-year.

Separately, for the September 2025 quarter, standalone net sales were reported at ₹866.96 crore, up 56.44% year-on-year, while consolidated net sales for September 2025 were reported at ₹1,121.38 crore, up 49.19% year-on-year.

Standalone September 2025: profit and EPS trends

Standalone quarterly numbers for September 2025 in the provided table reported total income from operations of ₹866.96 crore versus ₹554.18 crore in September 2024. Net profit for the period was ₹211.73 crore versus ₹86.27 crore in September 2024. Basic EPS was reported at ₹2.20 (diluted EPS ₹2.19) for September 2025 versus basic EPS ₹1.05 (diluted EPS ₹1.04) in September 2024.

Profit mix and efficiency: NII and fee income contribution

The material also highlighted a set of operating metrics that point to diversification and improving efficiency. Net interest income (NII) was reported as rising 48% year-on-year to ₹510 crore, while non-interest income surged 124% year-on-year to ₹240 crore, contributing 32% to total net income. Pre-provision operating profit (PPOP) was reported at ₹363 crore, up 92% year-on-year.

Cost discipline was reflected in a reported improvement in the cost-to-income ratio to 51.6% from 58.2% year-on-year in that metric set. A separate KPI list also cited cost-to-income at 49.4% versus 64.3%, along with a spread on net advances of 7.4% versus 6.7%.

AUM growth and segment commentary

On business scale, consolidated assets under management (AUM) were reported at ₹30,406 crore, up 47% year-on-year. Within that, Gold Loans were reported to have grown 80% year-on-year, while Housing Loans rose 40% year-on-year.

The material also provided segment figures for Affordable Housing at ₹5,972 crore versus ₹4,358 crore (up 37.0%) and Construction Finance at ₹4,969 crore versus ₹3,346 crore (up 48.5%). These figures add context to where growth is coming from within the overall loan book.

Targets and what investors will track next

Management has revised its AUM target upwards to ₹55,000 crore by FY28 from ₹50,000 crore, and projected FY27 AUM between ₹43,000 crore and ₹44,000 crore. For investors, the key follow-through metrics implied by the updates are whether AUM growth sustains without materially worsening asset quality, and whether cost-to-income improvements continue as scale rises.

The company’s board also recommended a final dividend of ₹0.20 per equity share of ₹1 each for FY25, as noted in the Q4 FY25 update.

Conclusion

Capri Global’s latest quarterly updates show sharp year-on-year expansion in income and profit, alongside improving efficiency metrics and an upgraded FY28 AUM goal. The next set of company filings and quarterly disclosures will be important to reconcile reported income lines and track the pace of AUM growth, margins, and credit costs.