IndoStar Capital Finance Limited — Updates, 20-01-2025: Press Release (Revised)

IndoStar Capital Finance Limited reported impressive financial results for the third quarter, highlighting a consolidated PAT growth of 64% year-over-year (YoY) and an AUM increase of 32% YoY to ₹10,625 crore. Disbursements rose 17% YoY to ₹1,572 crore, driven by robust demand in vehicle finance, with AUM for this segment reaching ₹7,303 crore, up 51% YoY. The standalone AUM also increased to ₹7,877 crore.

The company’s debt/equity ratio stands at 2.04x, showcasing a strong capital adequacy ratio of 28.51%. The reduction in gross stage 3 assets to 4.92% indicates improved asset quality. Additionally, the subsidiary Niwas Housing Finance reported a 34% YoY growth in AUM to ₹2,748 crore and maintained a healthy capital adequacy ratio of 52.62%.

With the recent allotment of warrants to BCP V, raising ₹205 crore, and the strategic sale of stressed assets worth ₹174 crore, IndoStar demonstrates a positive outlook for continued growth and stability in its core business areas. Investors should consider these results as indicative of IndoStar’s strong position in the market.