Five-Star Business Finance Limited — Investor Meet, 03-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Five-Star Business Finance reported 3QFY26 PAT of ₹277 Cr (down 3% QoQ). ROA at 7%, ROE at 15.8%. Disbursements were ₹976 Cr, a strategic 18% QoQ reduction to prioritize asset quality. Collections are stabilizing; unique customer collection efficiency on the current book improved to 99.01%. While Stage-3 slippages remain somewhat elevated, Stage-2 assets are flat, showing control in softer buckets. Management is confident about fixing the "behavioral crisis" in small-ticket loans, expects to return to stronger growth and asset quality within 1-2 quarters, driven by strengthened collection efforts and new underwriting controls. Outlook: Cautiously optimistic on future growth.