Consolidated Net Income from Operations: INR218.5 crores, a 14% increase quarter-on-quarter.
Net Interest Margin: 5.6%.
Consolidated Profit: INR31.7 crores, up from INR24.9 crores in the previous quarter.
Assets Under Management (AUM): INR10,112 crores, a 31% increase year-on-year.
Disbursement: INR1,724 crores for the quarter, up from INR1,627 crores in the previous quarter.
Standalone Net Total Income: INR165.9 crores, a 15% increase from the previous quarter.
Operating Expenses: INR129 crores, up from INR112 crores in the previous quarter.
Cash and Cash Equivalents: INR791 crores.
Incremental Funding Raised: INR2,361 crores in the second quarter.
Capital Adequacy: 25.9%.
Debt to Equity Ratio: 2.26 times.
Commercial Vehicle Disbursement: INR1,499 crores, a 53% growth year-on-year.
Gross Non-Performing Assets (GNPA): 4.97% for the standalone entity.
Housing Finance Disbursement: INR261 crores for Q2 FY25.
Housing Finance AUM: INR2,561 crores, a 13% growth year-to-date.
Housing Finance Gross Stage 3 Assets (GNPA): 1.41%.
Housing Finance Profit After Tax: INR14 crores for the quarter.
Housing Finance Capital Adequacy: 55.7%.
Release Date: October 21, 2024
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Indostar Capital Finance Ltd (NSE:INDOSTAR) announced the sale of its wholly owned subsidiary, IndoStar Home Finance Private Limited, for INR1,750 crore, which is expected to strengthen its core business focus.
The company received a rating upgrade from CRISIL to stable, reflecting improved financial stability and creditworthiness.
Indostar successfully raised INR266 crores through its maiden public issue of secured, redeemable, nonconvertible debentures, enhancing its liquidity position.
The commercial vehicle disbursement for Q2 FY25 reached INR1,499 crores, showing a growth of 53% over the previous year.
The company has made significant investments in technology, enhancing its end-to-end loan origination system to be digitally driven, which is expected to improve operational efficiency.
The annual retail inflation rose to 5.49% in September, driven by food inflation, which could impact consumer spending and borrowing costs.
The RBI’s unchanged repo rate and tightening regulatory norms for bank funding to the NBFC sector could limit Indostar’s access to funds.
The company’s gross non-performing assets (GNPA) stood at 4.97% for FY25 Q2, indicating challenges in asset quality.
Collection efficiency was impacted by adverse weather conditions, such as extended monsoons, affecting vehicle movement and revenue.
The company’s operating expenses increased by 16% over the previous quarter, driven by workforce expansion and branch costs, which could pressure profitability.