Trucap Finance Ltd
NSE:TRU
Trucap Finance Ltd
TruCap Finance Ltd. engages in the provision of non-mortgage loan services. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2017-01-30. The firm is engaged in the lending business. Its products comprise loans against the collateral of gold and business loans. The company is a specialized micro, small and medium enterprises (MSMEs) lender solving the gap in providing access to affordable credit solutions to entrepreneurs. The firm operates through two segments: Fund based Activities and Advisory services. Its offers platforms, such as Dhanvarsha, Dhan Setu, and Money Rabbit. Dhanvarsha offers secure access to affordable gold and business loans. Money Rabbit is a credit health and financial wellness tool built with micro-lending capability to enable MSMEs and small borrowers. Its Dhan Setu helps to enhance the ability to build a sourcing pipeline through leveraging technology. The company has approximately 60 branch networks. The firm's subsidiary DFL Technologies Pvt. Ltd. develops and deploys technology-related solutions.
TruCap Finance Ltd. engages in the provision of non-mortgage loan services. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2017-01-30. The firm is engaged in the lending business. Its products comprise loans against the collateral of gold and business loans. The company is a specialized micro, small and medium enterprises (MSMEs) lender solving the gap in providing access to affordable credit solutions to entrepreneurs. The firm operates through two segments: Fund based Activities and Advisory services. Its offers platforms, such as Dhanvarsha, Dhan Setu, and Money Rabbit. Dhanvarsha offers secure access to affordable gold and business loans. Money Rabbit is a credit health and financial wellness tool built with micro-lending capability to enable MSMEs and small borrowers. Its Dhan Setu helps to enhance the ability to build a sourcing pipeline through leveraging technology. The company has approximately 60 branch networks. The firm's subsidiary DFL Technologies Pvt. Ltd. develops and deploys technology-related solutions.
Profit Growth: Q3 earnings rose slightly to INR 12.3 million from INR 12.1 million last quarter, but are down year-on-year.
AUM Trends: Assets under management fell quarter-over-quarter to INR 11.5 billion, reflecting tighter liquidity, but are up 36% year-on-year.
Net Interest Margin: NIM improved for the third straight quarter, reaching 8.7%, up from 8.2% in September and 6.7% a year ago.
Disbursement Decline: Quarterly disbursements dropped to INR 2.18 billion, mainly due to selective credit and sector-wide liquidity constraints.
Fee Income Drop: Fee and commission income sharply decreased due to ending a key banking partnership in gold loans.
Credit Quality: Gross NPAs increased to 2.8% as a percentage of AUM due to book size decline, but absolute NPA growth was modest and recoveries improved.
Strategic Initiatives Pending: Management suggests new strategic moves or possible fundraising may be announced by month-end.
