Northern Arc Capital Reports 43% Growth in PAT for Q1FY25

Northern Arc Capital Ltd, a diversified financial services platform, has reported a strong Q1FY25 performance with a 43% growth in Profit After Tax (PAT) to Rs. 93 Crores. The company's Initial Public Offering (IPO) was met with an overwhelming response, raising 3777 Crores. Pre-provision operating profit (PPoP) grew by 43% YoY to Rs. 175 Crores. Lending Assets Under Management (AUM) grew by 32% YoY to Rs. 11,869 Crores. The company's gross NPA ratio was 0.47% on June 30, 2024. Return on Assets was 3.1% for Q1FY25 and Return on Equity was 14.7%. Total capital adequacy ratio was 21.5% on June 30, 2024.