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This is an archive article published on February 6, 2011

Future Capital Q3 net up 3-fold

Kishore Biyani-promoted Future Capital Holding reported an over three-fold jump in net profit.

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Kishore Biyani-promoted Future Capital Holding reported an over three-fold jump in net profit to Rs 14.43 crore for the quarter ended December 31,2010.

The company had registered a net profit of Rs 3.94 crore in the third quarter of the previous fiscal,the company said in a statement.

Total income of the NBFC rose to Rs 55.57 crore during the October-December quarter,compared to Rs 11.95 crore in the same period last fiscal.

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The company,which has a net-worth of Rs 754 crore,also said its loan book grew by 60 per cent during the December quarter.

For the nine-month period from April to December,2010,Future Capital posted a 7 per cent jump in net profit to Rs 31 crore.

Future Capital Holdings is in the business of providing financial services to wholesale and consumer-oriented businesses.

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