Profectus Capital Targets Rs 10K Cr Book

The Actis-backed company’s strong Q1 results and strategic expansion have positioned it well for FY25 and beyond, says CEO Srinivasan MUMBAI, Zaug 1q (The CONNECT) – Private equity firm Actis-backed Profectus Capital Private Limited (PCPL) is targeting a book size of Rs 10,000 crore by FY 2027, maintaining excellent portfolio quality and a 15% return on equity. The MSME-focused funding company has recorded an AUM stands at Rs 2,944 crores as of June 30, 2024, up 22% from June 2023, Profectus said. Its total Income from operations for the quarter stood at Rs 99.52 crores compared to Rs. 92.96 crores for the previous year’s quarter 1, while profit before tax is up atRs 13.54 crores. The Gross Non-Performing Assets (GNPA) and Net Non-Performing Assets (NNPA) ratios were maintained at 1.8% and 1.4% respectively on the total AUM, reflecting the high quality of the company’s asset portfolio. K V Srinivasan, Executive Director and CEO, Profectus Capital Private Limited, said “Our strong Q1 results and strategic expansion of our distribution network have positioned us well for FY25 and beyond”. The recent budget initiatives have created favourable conditions for MSMEs, aligning perfectly with our focus on supporting their growth.