In 2019, eight companies have raised Rs 22,312 crore through QIPs, against 25 that had raised Rs 16,587 crore in the previous year.
JM Financial, Axis Capital, Kotak Mahindra Capital, Morgan Stanley, and Nomura are advising the company on the share sale. The QIP
would make valuation reasonable with the rise in book value.
For the September quarter of the current financial year (Q2FY20), the company posted a 63.11 per cent year-on-year (YoY) rise in net profit at Rs 1,506.29 crore. The NBFC had posted a net profit of Rs 923.47 crore in the corresponding quarter last year. Total revenue from operations increased 47.95 per cent YoY to Rs 6,322.55 crore during the quarter under review.
Gross non-performing assets (NPAs) and net NPAs recognised as per RBI prudential norms and provisioned as per expected credit loss (ECL) method prescribed in Ind AS stood at 1.61 per cent and 0.65 per cent respectively. The provisioning coverage ratio at the end of Q2 was 60 per cent.