Finance firm Indostar Capital Finance announced Q3FY23: Q3FY23 & 9MFY23: Net revenue from operations of Rs 463 crore; growth of 6% vs. 9MFY22 PAT of Rs 149 crore; growth of 770% vs. 9MFY22 AUM at Rs 7,669 crore down 3% from Rs 7,908 crore in Q2FY23 Disbursements of Rs 522 crore up 56% from Rs 334 crore in Q2FY23 Incremental funding of Rs 683 crore raised during Q3FY23 Continued profitability - Q3FY23 PAT at Rs 36.7 crore Debt/Equity 1.8X times Gross collections of Rs 937 crore during the quarter up 8% vs Q2FY23 Gross collection efficiency of 137% Gross Stage 3 assets are at 7.9% for Q3FY23 Net Stage 3 assets are at 3.6% for Q3FY23 Retail AUM ~ Rs 6,143 crore; ~ 84% of AUM Strong Capital Adequacy at 33.0%, on a standalone basis Karthikeyan Srinivasan was appointed as CEO, on Feb 14, 2023 Vinod Panicker was appointed as CFO in December 2022 Result PDF
Indostar Capital Finance announced Q2FY23 results: Incremental funding of Rs.2,527 crore raised during H1FY23 Continued Profitability - Q2FY23 PAT at Rs. 51.6 crore Debt/Equity 1.8X times Gross Collection efficiency of 135% Net Stage 3 assets are lower at 2.9%, vs 3.6% in Q1FY23 Retail AUM ~ Rs. 6,642 crore; ~ 84% of AUM Strong Capital Adequacy at 34.1%, 510 bps higher vs 29.0% in Q1FY23 on a Standalone basis Statutory auditors, Deloitte, have removed their comment on going concern risk Result PDF
Indostar Capital Finance declares Q3FY22 result: IndoStar reports PAT of Rs 15 crores during Q3FY22 Total Retail disbursements at Rs 1,456 crores Retail AUM ~ Rs 7,594 Crores - up from Rs 6,922 Crores from Q2FY22. Retail lending now stands at 82% of total AUM Strong Capital Adequacy at 35% Opened 65 new branches leading to a total of 125 new branches in 9 months, with focus in north and north east India. 343 branches across 21 states Consolidated financial update for the quarter ended December 2021 Net Revenue from Operations at Rs 163.8 Crs Gross and Net Stage 3 at 4.3% and 2.3% respectively Result PDF
Conference Call with Indostar Capital Finance Management and Analysts on Recent Business Updates. Listen to the full transcript.
Highlights: Reports PAT of Rs. 39 crores during Q2FY22 Crossed Rs. 1,000 crores for the first time in Retail disbursement , up 77% over Q1FY22 Retail AUM Rs. 6,606 Crores - up from Rs. 6,193 Crores from Q1FY22 Strong Capital Adequacy at 35% Opened 38 new branches leading to a total of 278 branches - Focus continues on expanding footprint Continued reduction in Corporate lending book – over 800+ crores collected in last 1 year. The share of retail is now 80%, up from 73% over Q2FY21 Consolidated Net Revenue from Operations at Rs. 144.8 Crs Gross and Net NPAs at 4.7% and 2.3% respectively Result PDF