Non-banking Financial company Five-Star Business Finance announced Q4FY23 & FY23 results: AUM at Rs 6,915 crore (up 37% YoY) Disbursements for Q4FY23 stood at Rs 1,110 crore (up 72% as against Q4FY2022) and for FY23 ended at Rs 3,391 crore (up by 93% YoY) PAT for Q4FY23 at Rs 169 crore (up 43% as against Q4FY2022) and for FY23 at Rs 604 crore (up by 33% YoY) Gross Stage 3 at 1.36 %/Net Stage 3 at 0.69% Networth of Rs 4,340 crore Borrowings from a large base of about 50 lenders Network of 373 branches as on 31 March 2023 Commenting on the results, Lakshmipathy Deenadayalan, Chairman & Managing Director, Five-Star Business Finance, said, "Five Star witnessed probably the best quarter in Q4 with both business and collections registering extremely strong numbers. During the quarter, we disbursed Rs 1,110 crore of loans as against Rs 910 crore in the previous quarter. Fully year disbursal was at Rs 3,391 crore registering a growth of 93% year on year. We added 73 branches during FY2023 resulting in a strong branch network of 373 branches to deliver quality service to our customers. We had a collection efficiency of 100.5% for the quarter and the strong growth in disbursements and collection efficiencies paved the way for a strong trajectory across growth, quality, and profitability. We continued to grow consistently and delivered an AUM growth of 37% Year on Year. PAT for FY2023 has grown at 33% as compared to the previous FY and our ROA and ROE stand as one of the best in the Industry. During the year, the company has been assigned a rating of AA- by ICRA and India Ratings, which is also a testimony to the company’s strength." Result PDF
Conference Call with Five-Star Business Finance Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.
NBFC firm Five-Star Business Finance announced Q3FY23 results: Q3FY23 & 9MFY23: AUM at Rs 6,242 crore (up 31% YoY). Disbursements for the quarter stood at Rs 910 crore (up 114% QoQ) and for the 9MFY23 period ended at 2,281 crore (up by 105% YoY). PAT for the quarter at Rs 151 crore (up 28% QoQ) and for the 9MFY23 period ended at Rs 435 crore (up by 29% YoY). Gross Stage 3 at 1.45 %/Net Stage 3 at 0.81%. Commenting on the results, Mr. Lakshmipathy Deenadayalan, Chairman & Managing Director, Five-Star Business Finance Limited, said, "Five Star witnessed another good quarter in Q3 with both business and collections momentum being robust. During 9MFY23, we disbursed Rs 2,281 crore registering a growth of 105% year on year. We added 69 branches during 9MFY23 resulting in a strong branch network of 369 branches to deliver quality service to our customers. We had a collection efficiency of 100.1% for the quarter and the strong growth in disbursements and collection efficiencies pave the way for a strong trajectory across growth, quality and profitability. We continued to grow consistently and delivered an AUM growth of 31% Year on Year. PAT for 9MFY23 has grown at 29% and our ROA and ROE is one of the best in the Industry. During the quarter, the company has been assigned a rating of AA- by India Ratings, which is also a testimony to the company’s strength." Result PDF