Non-banking finance company Capital First reported a 49 per cent jump in consolidated net profit on the back of a robust jump in fee and other income and net interest income.

The net profit in the fourth quarter ended March 31, 2017, stood at ₹71 crore as against ₹47.5 crore in the year-ago period.

The profitability comes despite a 64 per cent jump in provisions at ₹126 crore (₹77 crore).

The company’s board recommended a dividend of ₹2.60 per equity share of ₹10 each (26 per cent) for FY17.

In FY17, the NBFC, which provides debt financing to micro, small and medium enterprises and consumers, reported a 44 per cent increase in consolidated net profit at ₹239 crore (₹166 crore in FY16)

In the reporting quarter, net interest income (the difference between interest earned and interest expended) was up 47 per cent at ₹374.5 crore (₹255 crore in the year-ago period). Fee and other income soared 100 per cent to ₹102 crore (₹51 crore).