Q4 & FY22 - Investor Presentation
Q4 & FY22 - Microfinance “Namra” Performance Update
Particulars (INR Mn)
Q4 FY22
Q4 FY21
YoY (%)
FY22
FY21
YoY (%)
Asset Under Management
10,220
6,431
59%
10,220
6,431
59%
Disbursements
2,795
2,297
22%
8,401
4,176
101%
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A
Q4 FY22 MFI AUM stood at INR 10,220 Mn - higher by 59% vis-à-
vis last year
.
Active MFI Customer base stood at 4.01 Lakhs in Q4 FY22.
Added more than 74,000 new customers in Q4 FY22.
Disbursements grew by 22% with opening of new, along with
increase in ticket size of second cycle borrowers
Gross Total Income increased by 66% YoY to INR 428.1 Mn due to
higher average AUM
❖ Similarly, Net Total Income increased by 113% YoY to INR 353.6
Mn
*
Income from Operations
559.4
336.1
66%
1,729.0
1,357.3
Other Income
0.0
0..0
Gross Total Income
559.4
336.1
66%
0.15
1,730.4
0.02
27%
607%
1,357.5
Finance Costs
205.8
170.5
21%
728.6
612.2
27%
19%
Net Total Income (NTI)
353.6
165.6
113%
1001.8
745.3
34%
Employee Benefits Expenses
82.0
60.1
36%
290.5
239.0
22%
Depreciation and Amortisation
3.1
1.8
76%
8.5
7.1
20%
Other Expenses
38.4
25.6
50%
131.0
85.9
53%
Pre-Provision Operating Profit
230.0
78.1
194%
571.7
413.3
38%
Total Provision & Write-offs
98.1
76.9
28%
300.0
366.7
-18%
Profit After Tax
97.7
8.5
1044%
184.5
49.1
276%
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Profit After Tax increased sharply to INR 97.7 Mn in Q4FY22
compared to INR 8.5 Mn in Q4FY21 on the back of strong growth of
loan portfolio and better operational efficiencies
Provisions & write off for the quarter increased by 28% YoY to
INR 98.1 Mn
Strengthened provision coverage by prudently earmarking INR
44 Mn for provisions in this quarter. Additionally, the company
also took an aggressive write-off of INR 53.7 Mn.
Cumulative total ECL Provisions as on 31st March 2022
were INR 471 Mn covering 5.0% of the total AUM.
GNPA %
3.7%
4.1%
(44 bps)
3.7%
4.1%
(44 bps)
NNPA %
0.6%
0.6%
3 bps
0.6%
0.6%
3 bps
Return on Avg. AUM %
4.2%
0.6%
359 bps
2.6%
0.8%
179 bps
Return on Avg. Equity %
25.0%
2.8%
2217 bps
13.1%
4.2%
890 bps
❖ Repayment rates has been steady and healthy at 95% during the
quarter and reached 98% in March 2022
Note:
Income from Operations includes: Interest Income on loans and managed assets; processing fees, and other charges in respect of loans. Other Income includes capital gains on liquid funds
NIM = NTI / Avg. AUM (On + Off-Book); Yields = Gross Interest Income / Avg. AUM (On + Off-Book); Cost-to-Income Ratio = Opex (excl. provisions) / Net Total Income; RoE = PAT/Avg. Equity; GNPA % = GNPA / AUM (On + Off-Book);
NNPA % = NNPA / AUM (On + Off-Book); NIM %. RoE and Return on Avg. AUM figures are annualized
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