Vivriti Capital's Revenue Grows 35.7% YoY in FY25

13 June 2025

• Financial Performance (FY25 vs FY24): Vivriti Capital reported a 35.7% YoY increase in total income to ₹1,507 Cr in FY25 from ₹1,110 Cr in FY24, driven by robust growth in interest income (up 35.7% to ₹1,286 Cr) and fee & commission income (up 39.0% to ₹105 Cr). Other income rose significantly due to ₹81.6 Cr gain from loss/dilution of control during the year. Despite a 34% YoY rise in finance costs to ₹704 Cr and nearly doubling of impairment expenses (up 88.7% YoY to ₹194 Cr), the company’s profit before tax surged 42.2% to ₹367 Cr in FY25 from ₹258 Cr in FY24. However, due to a large deferred tax benefit in FY25, amounting to 286 cr. supported profit growth. Net profit rose sharply to ₹359 Cr in FY25 from ₹3 Cr in FY24, benefiting from higher core earnings and improved efficiency. Earnings per share (EPS) jumped to ₹37.35 from ₹0.34, reflecting stronger bottom-line growth and improved profitability metrics.
• Operational Metrics (FY25 vs FY24): Net Profit Margin improved sharply to 23.8% in FY25 from just 0.3% in FY24, supported by higher income and better cost management. Gross NPA (GNPA) rose slightly to 1.89% (from 1.09%), while Net NPA (NNPA) increased to 0.71% (vs 0.46%), reflecting some increase in stress. Capital Adequacy Ratio (CRAR) remained healthy at 21.02%, marginally down from 21.27% in FY24. Total consolidated assets increased by 10.8% YoY to ₹11,972 Cr, while the loan book expanded by 18.6% YoY to ₹8,658 Cr. Net worth (excluding non-controlling interest) improved by 13.5% to ₹3,346 Cr in FY25 from ₹2,947 Cr in FY24, strengthening the company’s capital base. The debt-to-equity ratio stood at 2.25x, broadly stable vs 2.27x last year while the total debts to total assets came in at 62.8%.
• Strategic Developments: Vivriti Capital saw strong performance in FY25 with higher income and better cost control. A large part of the profit jump came from a one-time deferred tax gain, which helped lower the tax expense. This is a non-recurring item and may not be seen in future quarters. The company also earned ₹81.6 Cr from giving up control in part of its group structure, which further boosted profits. Vivriti is undergoing a group restructuring, awaiting NCLT approval. This is expected to improve operational efficiency. Asset quality remained stable, and capital levels stayed strong. Investors should track upcoming quarters to see how the business performs without these one-off gains.