Of the 383 NBFCs selected for this study, 42% was found to have increased their efficiency during the quarter April-June'08.
Aggregate income of 383 NBFCs has increased 22.1% to Rs 12,443 crore during April-June'08 from the level of Rs 10,193 crore during April-June '07. But their combined net profits have increased 11.2% to Rs 2,533 crore, resulting a decrease in return on total income from 22.35% in April-June'07 to 20.36% in April-June'08.
Among the 383 NBFCs, 223 have witnessed a fall in PAT to total income ratio, while 160 NBFCs have shown a higher ratio in April-June'08 compared with the period April-June'07.
A significant improvement in April-June'08 was noticed in the case of LIC Housing Finance (10.11% in April-June'07 to 16.83% in April-June'08), Sundaram Finance (12% to 14.35%), SREI Infra Fin (19.14% to 31.34%), GRUH Finance(11.5% to 13.12 %) and Can Fin Homes (7.07% to 11.09%).
On the other hand, a significant fall was observed in the case of Reliance Capital (58.86% to 41.63%), Power Finance Corp.(26.01% to 20.55%), Infra. Devlp. Fin (30.14% to 25.23%), Magma Fin Cap (20.74% to 10.25%) and Sakthi Finance (19.49% to 9.11%).
The top five NBFCs in terms of PAT during April-June'08 were HDFC (Rs 468 crore), Reliance Capital (Rs 327 crore), Power Fin. Corp. (Rs 296 crore), REC (Rs 272 crore), and Infra. Devlp. Fin (Rs 205 crore).