Finance company Indostar Capital Finance announced consolidated Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- AUM at Rs 8,763 crore, up 9% from Rs 8,037 crore in Q3FY24
- Focus Retail AUM (CV HFC) ~ Rs 7,864 crore; up 14% from ~ Rs 6,897 crore in Q3FY24
- Disbursements of Rs 1,767 crore, up 31% from Rs 1,345 crore in Q3FY24
- Incremental funding of Rs 1,845 crore raised during Q4FY24
- Debt/Equity Ratio at 2.3x times
- Improved Gross Stage 3 assets at 4.10% for Q4FY24
- Net Stage 3 assets are at 1.80% for Q4FY24
FY24 Financial Highlights:
- AUM at Rs 8,763 crore, up 12% from Rs 7,813 crore in FY23
- Focus Retail AUM (CV HFC) ~ Rs 7,864 crore; up 49% from ~ Rs 5,295 crore in FY23
- Disbursements (CV HFC) of Rs 5,081 crore, up 173% from Rs 1,863 crore in FY23
- Improved Gross Stage 3 assets at 4.10% at close of FY24 vs. 6.77% in FY23