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Motilal Oswal Report
Indostar Capital Finance Ltd. reported an improvement in business momentum during the quarter. The key highlights are:
Q4 FY24 disbursements rose ~31% QoQ to ~ Rs 17.7 billion;
it invested in human capital added 302 employees in Q4, taking the total count to ~4,000);
the commercial vehicle segment contributed ~83% to the retail disbursement mix; and
asset quality improved with GS3 declining ~120 basis points QoQ including sell-downs.
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