Conference Call with Indostar Capital Finance Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Finance company Indostar Capital Finance announced consolidated Q4FY24 & FY24 results: Q4FY24 Financial Highlights: AUM at Rs 8,763 crore, up 9% from Rs 8,037 crore in Q3FY24 Focus Retail AUM (CV + HFC) ~ Rs 7,864 crore; up 14% from ~ Rs 6,897 crore in Q3FY24 Disbursements of Rs 1,767 crore, up 31% from Rs 1,345 crore in Q3FY24 Incremental funding of Rs 1,845 crore raised during Q4FY24 Debt/Equity Ratio at 2.3x times Improved Gross Stage 3 assets at 4.10% for Q4FY24 Net Stage 3 assets are at 1.80% for Q4FY24 FY24 Financial Highlights: AUM at Rs 8,763 crore, up 12% from Rs 7,813 crore in FY23 Focus Retail AUM (CV + HFC) ~ Rs 7,864 crore; up 49% from ~ Rs 5,295 crore in FY23 Disbursements (CV + HFC) of Rs 5,081 crore, up 173% from Rs 1,863 crore in FY23 Improved Gross Stage 3 assets at 4.10% at close of FY24 vs. 6.77% in FY23 Result PDF
Non-banking Financial company Indostar Capital Finance announced Q3FY24 results: Consolidated Q3FY24: AUM at Rs 8,037 crore, up 4% from Rs 7,726 crore in Q2FY24 Focus Retail AUM (CV + HFC) ~ Rs 6,897 crore; up 10% from ~ Rs 6,277 crore in Q2FY24 Disbursements of Rs 1,345 crore, up 6% from Rs 1,269 crore in Q2FY24 Incremental funding of Rs 1,552 crore raised during Q3FY24 Debt/Equity Ratio - at 2.1X times Continued Profitability – Q3FY24 PAT at Rs 17 crore Gross Collections of Rs 997 crore during the quarter Gross Collection efficiency of 135% Gross Stage 3 assets are at 5.3% for Q3FY24 Net Stage 3 assets are at 2.4% for Q3FY24 Standalone Q3FY24: AUM at Rs 5,991 crore, up 3% from Rs 5,832 crore in Q2FY24 Disbursements of Rs 1,121 crore up 7% from Rs 1,048 crore in Q2FY24 Incremental funding of Rs 1,147 crore raised during Q3FY24 Debt/Equity Ratio at 1.7X times Continued Profitability – Q3FY24 PAT at Rs 11 crore Gross Collections of Rs 861 crore during the quarter Gross Collection efficiency of 131% Gross Stage 3 assets are at 6.5% for Q3FY24 Net Stage 3 assets are at 2.8% for Q3FY24 Strong Capital Adequacy at 30.4%, on a standalone basis Result PDF
Non-banking Financial company Indostar Capital Finance announced Q2FY24 results: Consolidated Q2FY24: Retail AUM ~ Rs 7,361 crore; up 7% from ~ Rs 6,871 crore in Q1FY24 AUM at Rs 7,726 crore, down 4% from Rs 8,062 crore in Q1FY24 (driven by Corporate book sale) Disbursements of Rs 1,269 crore up 14% from Rs 1,116 crore in Q1FY24 Incremental funding of Rs 970 crore raised during Q2FY24 Debt/Equity Ratio - at 1.8X times Continued Profitability – Q2FY24 PAT at Rs 25 crore Gross Collections of Rs 963 crore during the quarter Gross Collection efficiency of 135% Gross Stage 3 assets are at 6.7% for Q2FY24 Net Stage 3 assets are at 3.3% for Q2FY24 Standalone Q2FY24: Retail AUM ~ Rs 5,467 crore; up 7% from ~ Rs 5,130 crore in Q1FY24 AUM at Rs 5,832 crore, down 8% from Rs 6,321 crore in Q1FY24 (driven by Corporate book sale) Disbursements of Rs 1,048 crore up 13% from Rs 926 crore in Q1FY24 Incremental funding of Rs 890 crore raised during Q2FY24 Debt/Equity Ratio at 1.5X times Continued Profitability – Q2FY24 PAT at Rs 11 crore Gross Collections of Rs 837 crore during the quarter Gross Collection efficiency of 131% Gross Stage 3 assets are at 8.1% for Q2FY24 Net Stage 3 assets are at 4.0% for Q2FY24 Strong Capital Adequacy at 32.8%, on a standalone basis Result PDF
Non-banking Financial company Indostar Capital Finance announced Q1FY24 results: Consolidated Q1FY24: AUM at Rs 8,062 crore, up 3% from Rs 7,812 crore in Q4FY23 Disbursements of Rs 1,116 crore up 24% from Rs 898 crore in Q4FY23 Incremental funding of Rs 1,422 crore raised during Q1FY24 Continued profitability - Q1FY24 PAT at Rs 39 crore Debt/equity ratio - at 1.9X times Gross collections of Rs 1,040 crore during Q1FY24 Gross collection efficiency of 139% Gross stage 3 assets are at 6.6% for Q1FY24 Net stage 3 assets are at 3.1% for Q1FY24 Retail AUM ~ Rs 6,871 crore; ~ 85% of AUM Standalone Q1FY24: AUM at Rs 6,321 crore, up 2% from Rs 6,190 crore in Q4FY23 Disbursements of Rs 926 crore up 29% from Rs 715 crore in Q4FY23 Incremental funding of Rs 1,215 crore raised during Q1FY24 Continued profitability - Q1FY24 PAT at Rs 31 crore Debt/equity ratio at 1.9X times Gross collections of Rs 917 crore during Q1FY24 Gross collection efficiency of 135% Gross stage 3 assets are at 7.9% for Q1FY24 Net stage 3 assets are at 3.7% for Q1FY24 Strong capital adequacy at 34.4%, on a standalone basis Result PDF