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

The company has made conservative provisions on stressed loans, and the brokerage expects credit costs to remain benign in the near future.

Commercial vehicles loans provided by Indostar Capital Finance Ltd. (Source: Company website)

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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:

Motilal Oswal Indostar Capital Finance Q1FY25 Results Review.pdf
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