India Shelter Finance Corporation Ltd. News, Corporate filings and Earnings/Conference Calls

Housing Finance company India Shelter Finance Corporation announced Q1FY25 results: Financial Highlights: AUM as of Q1FY25 at Rs 6,509 crore, a growth of 37% YoY Disbursements at Rs 715 crore, growth of 23% YoY Profitability: Profit after tax grew 77% YoY to Rs 84 crore in Q1FY25 as against Rs 47 crore in Q1FY24 RoA improved to 5.6% in Q1FY25 from 4.2% in Q1FY24 RoE stood at 14.3% for Q1FY25 Borrowings & Liquidity: Networth at Rs 2,387 crore as of June’24. The company continues to carry a liquidity of Rs 1,193 crore as of June’24 In Q1FY25, cost of funds was maintained at 8.8%. Asset Quality & Provisions: Gross Stage 3 and Net Stage 3 stood at 1.1% and 0.9% as of 30th June 2024 as against 1.0% and 0.8% as of 30th June 2023 Credit Cost for the quarter stable at 0.4% Commenting on the performance, Rupinder Singh, Managing Director, and CEO of India Shelter Finance Corporation said: “India Shelter delivered another quarter of consistent performance across parameters with sustainable growth in our AUM. India Shelter now operates out of 236 branches in 15 states. We added 13 new branches during the quarter. Going forward, we will continue to focus on sustainable growth by penetrating deeper into our existing geographies, where a significant unserved and underserved population resides. During the quarter, we witnessed strong AUM growth of 37% YoY, led by a 23% YoY increase in disbursements. Our margins remained in line with our guidance for the medium term at 6.1%. Our return ratios continue to remain healthy at 5.6% RoA and 14.3% RoE. The government continued its march towards fiscal consolidation in Union Budget 2025, comforted by a broad-based recovery in the Indian economy. The increase in the target by 3 crore houses (rural as well as urban) goes well for those who wish to avail the benefits of the scheme. It will also facilitate accommodation of growing number of families, particularly in rural area. The re-introduction of Credit Linked Subsidy Scheme is expected to support housing loan growth as well. Result PDF

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India Shelter Finance Corporation Ltd. News, Corporate filings and Earnings/Conference Calls

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