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This Article is From Aug 02, 2024

Indostar Capital Finance Q1 Results Review - Business Momentum Healthy; Earnings Down: Motilal Oswal

Indostar Capital Finance Q1 Results Review - Business Momentum Healthy; Earnings Down: Motilal Oswal
Commercial vehicles loans provided by Indostar Capital Finance Ltd. (Source: Company website)

NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Indostar Capital Finance Ltd. reported healthy business momentum in Q1 FY25. Key highlights:

  1. Disbursements grew ~46% YoY to ~Rs 16.3 billion and retail AUM grew ~34% YoY to ~Rs 92 billion;

  2. It added 579 employees in Q1, taking the total count to ~4,578;

  3. The commercial vehicle segment contributed ~87% to the retail disbursement mix; and

  4. Minor seasonal deterioration in asset quality with gross stage-III increasing ~10 basis points QoQ to ~4.2%.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

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