ICL Fincorp Q3 FY25 Results Analysis

13 March 2025

• Financial Performance (Q3 FY25 vs Q3 FY24): The company delivered a strong financial performance in Q3 FY25, with total revenue increasing by 10.6% YoY to ₹44.6 Cr from ₹40.3 Cr in Q3 FY24. This growth underscores robust business momentum and higher operational efficiencies. Profit Before Tax (PBT) registered a 264.4% YoY growth, rising to ₹2.4 Cr compared to ₹0.7 Cr in the same period last year. Similarly, Profit After Tax (PAT) grew by 67.0% YoY to ₹0.7 Cr from ₹0.4 Cr, reflecting the company’s consistent profitability. Earnings Per Share (EPS) stood at ₹0.14, up from ₹0.09 in Q3 FY24.
• Operational Metrics (Q3 FY25 vs Q3 FY24): The company’s operational performance reflected strong growth across key metrics. Loan Book Growth: The company’s loan portfolio expanded by 39.5% YoY, reaching ₹569.8 Cr in Q3 FY25 from ₹408.4 Cr in Q3 FY24. Debt Levels: Total outstanding debt rose 17.8% YoY to ₹568 Cr, up from ₹482 Cr in Q3 FY24, reflecting increased borrowing to fund loan book growth. Asset Quality: Gross Non-Performing Assets (GNPA) improved to 1.27%, down from 1.51% in FY24, indicating better credit risk management. Net NPA (NNPA) reduced to 1.10%, compared to 1.33% in FY24. Provision Coverage Ratio (PCR) increased to 12.93% from 12.19% in FY24, reflecting prudent provisioning.
• Strategic Developments: Capital Adequacy Ratio (CAR) improved to 18.07%, up from 14.99% in FY24, strengthening the company’s financial position. Equity Fundraising: The Board approved a rights issue at a 1:6 ratio, providing capital for further expansion. Debt Issuance: Raised ₹100 Cr through Secured Non-Convertible Debentures (NCDs) to support loan book growth. ICL Fincorp’s Q3 FY25 results highlight strong revenue growth, improved profitability, and better asset quality. The company continues to expand its loan book while maintaining a controlled NPA ratio and strong capital position. Future growth prospects remain under close watch, driven by capital infusion and operational expansion strategies.