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Motilal Oswal Report
Indostar Capital Finance Ltd. reported healthy business momentum in Q1 FY25. Key highlights:
Disbursements grew ~46% YoY to ~Rs 16.3 billion and retail AUM grew ~34% YoY to ~Rs 92 billion;
It added 579 employees in Q1, taking the total count to ~4,578;
The commercial vehicle segment contributed ~87% to the retail disbursement mix; and
Minor seasonal deterioration in asset quality with gross stage-III increasing ~10 basis points QoQ to ~4.2%.
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