IndoStar Capital Finance Limited reported robust growth in Q3 FY25, with a 32% YoY increase in Assets Under Management (AUM) to ₹10,625 crore. The company also recorded a consolidated Profit After Tax (PAT) of ₹28 crore, marking a 64% growth compared to Q3 FY24.
Key Financial Highlights:
Consolidated Performance:
- AUM: ₹10,625 crore (up 32% YoY, 5% QoQ).
- Disbursements: ₹1,572 crore (up 17% YoY).
- PAT: ₹28 crore (up 64% YoY).
Standalone Performance (IndoStar Capital Finance Limited):
- AUM: ₹7,877 crore (up 4% QoQ).
- Vehicle Finance AUM: ₹7,303 crore (up 51% YoY, 5% QoQ).
- Disbursements: ₹1,265 crore (up 18% YoY).
- Gross Stage 3 Assets: 4.92%.
- Net Stage 3 Assets: 2.71%.
- Capital Adequacy Ratio (CAR): 28.51%.
- Debt-to-Equity Ratio: 2.04x.
Subsidiary Performance (Niwas Housing Finance Private Limited – NHFPL):
- AUM: ₹2,748 crore (up 34% YoY, 7% QoQ).
- Disbursements: ₹281 crore (up 25% YoY).
- Gross Stage 3 Assets: 1.64%.
- Net Stage 3 Assets: 1.29%.
- CAR: 52.62%.
- PAT: ₹16 crore (up 162.9% YoY).
Key Developments:
- Warrant Allotment: Approved ₹257 crore worth of warrants to BCP V Multiple Holdings Pte Ltd, with ₹205 crore received as of Q3.
- Asset Sale: Sold a stressed pool worth ₹174 crore from the commercial vehicle business to ACRE (Assets Care & Reconstruction Enterprise Limited).
- Subsidiary Name Change: IndoStar Home Finance renamed to Niwas Housing Finance Private Limited effective November 22, 2024.
Management Commentary:
IndoStar’s leadership highlighted its focus on retail vehicle finance and affordable housing loans, supported by robust asset quality and capital adequacy. The growth in disbursements and AUM reflects its commitment to expanding its retail footprint in rural and semi-rural markets.
Conclusion:
IndoStar’s Q3 FY25 performance underscores its resilience and strategic focus on growth-oriented businesses like vehicle finance and housing loans, ensuring a steady upward trajectory for the company.
Disclaimer: The above information is based on the company’s regulatory filings and is intended for informational purposes only. Always consult a financial advisor before making investment decisions.
