Company Financials
|
Parameters (Rs billion) |
FY21 |
FY22 |
% growth |
|
Total Income |
5.6 |
8.3 |
48.21% |
|
PAT |
0.27 |
0.43 |
59.26% |
|
Total Assets |
37.17 |
60.55 |
62.90% |
|
AUM |
35.64 |
54.46 |
52.81% |
|
Gross NPA (%) |
1.99 |
3.52 |
|
|
Net NPA (%) |
1.02 |
1.64 |
|
|
CRAR (%) |
21.88 |
23.96 |
|
|
Leverage |
5.66 |
5.59 |
|
Svatantra Microfin Private Limited (SMPL) is a non-deposit taking Systemically Important Non-Banking Finance Company-Microfinance Institution. It was formed in 2012 and commenced operations from March 01, 2013. The company is promoted by the Aditya Birla family and other investment companies of the Aditya Birla Group. SMPL operates through 692 branches across 292 districts in 19 states as of 31st March 2022.
Credit Rating upgradation- In June 2022, the rating agency CARE has upgraded its rating to AA-(stable) from A(stable). SMPL has been rated as A with stable outlook and A+ with stable outlook by CRISIL.
Strong parentage support- Having strong linkage to the Aditya Birla group, SMPL receives significant support in terms of capital infusion, operational and management. This helps the company to remain well capitalised. The company has received Rs 0.75 billion and Rs 2.55 billion as equity infusion in HFY22 and FY22 respectively from its promoters.
Capitalization- Due to regular capital infusion, SMPL has been well capitalised. Its tangible net worth stood at Rs 8.65 billion as of 31st March 2022. Consequently, its capital adequacy ratio rose to 23.96% as of FY22 from 21.88% as of FY21. Leverage remained stable at 5.59 as of FY22 as compared to 5.66 as of FY21.
Operational efficiency- Given the resilience of the economy from covid pandemic, the company’s performance has improved. Its net profit rose by 59% during FY22 on a yearly basis while AUM increased by 53% during the same period.
Deterioration in asset quality- Owing to covid pandemic, its asset quality has been impacted negatively. GNPA stood at 3.52% as of 31st March 2022 from 1.99% as of 31st March 2021.