Future Capital's Q2 net jumps three-fold to Rs 28.37 crore

Mumbai, Nov 7 (PTI) Kishore Biyani-promoted Future Capital Holdings today reported over a three-fold rise in net profit at Rs 28.37 crore for the quarter ended September 30, 2011. The company's net profit for the corresponding July-September period last year was Rs 8.14 crore. Its total income grew by 148 percent to Rs 85.2 crore in the second quarter versus Rs 34.3 crore in the year-ago period, Future Capital Holdings said in a statement issued here. Future Capital is a provider of financial services across consumer and wholesale businesses and also deals in mortgage loans to SMEs, gold loans, consumer durables loans among others recorded a 80 percent growth in advances to Rs 3,780 crore, it added. On the asset quality front, the Future Group's net NPA ratio stood at 0.01 percent as of September 30, 2011 which improved from the year-ago's 0.85 percent, the statement said, adding the company's total capital adequacy as of September 30 stood at a healthy 19 percent.