Northern Arc’s Q3 profit remains flat at ₹76 crore

NBFC Northern Arc Capital on Friday reported an almost flat consolidated net profit at ₹76 crore in the third quarter ended December 2024.

The lender had earned a net profit of ₹75 crore in the same quarter a year ago.

The total income on a consolidated basis increased to ₹581 crore during the quarter under review against ₹497 crore in the same quarter last year, Northern Arc Capital Ltd said in a regulatory filing.

• Also read: Northern Arc stock ends 6.4% higher on Q2 results

During the quarter, the net interest income rose 10 per cent to 267 crore.

On the asset quality front, the gross non-performing assets (NPAs) ratio stood at 0.9 per cent while net NPA stood at 0.37 per cent as of December 31, 2024.

The capital adequacy ratio stood at 26.1 per cent on December 31, 2024.