IndoStar Capital reports 19% y-o-y AUM growth to Rs.6,207 Cr and
14% increase in Net interest income as part of FY 18 results
Chennai, May 30, 2018: IndoStar Capital Finance Limited
(IndoStar), one of India’s leading
non- banking financial companies, announced its financial results for the year
ending March 31, 2018. The NBFC reported Net Interest Income of Rs. 378.7Cr for
FY18, a rise of 14% from Rs. 331.7 Cr in FY17 and a Profit After Tax of Rs.
224.4Cr for FY18, an increase of 6% from Rs. 210.8 Cr in FY17. This
is the first annual results announcement after the company’s successful listing
on the NSE and BSE on May 21, 2018.
Summary: Consolidated – FY18
Particulars
(Rs. Cr)
|
Q4 FY18
|
Q4 FY17
|
QoQ%
|
Q3 FY18
|
QoQ %
|
FY18
|
FY17
|
YoY
%
|
Net
Interest Income
|
92.9
|
87.4
|
6%
|
93.7
|
-1%
|
3,78.7
|
3,31.7
|
14%
|
Total
Income
|
1,52.6
|
1,02.7
|
49%
|
1,28.3
|
19%
|
5,09.5
|
4,08.1
|
25%
|
PAT
|
60.3
|
57.6
|
5%
|
53.6
|
12%
|
2,24.4
|
2,10.8
|
6%
|
Consolidated financial update for the year ended March 31, 2018
(FY18)
· Networth stood at Rs. 2137.1 Cr for FY 18 up
12% y-o-y from Rs. 1,902.8 Cr for FY 17
· The disbursement of loans was over Rs. 5,388.4
Cr for FY 18 up by 10% compared to Rs. 4,903.4 Cr in FY 17
· AUM stood at Rs. 6,207.3 Cr for FY 18, a rise
of over 19% y-o-y from Rs. 5,235.9 Cr for FY 17
Key company developments:
· The employee number is over 1,094 as on
March 31, 2018 as compared to 93 in March 31, 2017
· The company expanded from 7 branches as on
March 31, 2017 to 91 branches as on March 31, 2018 to offer Vehicle Finance,
SME Finance and Housing Finance
The Gross NPA of the Company was at 1.3% as on March 31, 2018
(on 90 DPD NPA recognition basis) as compared to 1.4% as on March 31, 2017 (on
120 DPD NPA recognition basis). The Net NPA of the Company was at 1.1% as on
March 31, 2018 (on 90 DPD NPA recognition basis) as compared to 1.2% as on
March 31, 2017 (on 120 DPD NPA recognition basis).
The Capital Adequacy Ratio of the company stood at
28.3% as on March 31, 2018. The company has forayed into Home
Finance and Vehicle Finance in the September 2017 and December 2017.
Commenting on the results, R. Sridhar, Executive Vice-
Chairman & CEO, said, “IndoStar has consistently posted positive
results for the past 7 years while maintaining an excellent asset quality. We
are happy to post our first annual result after listing. Our PAT has increased
at 6% while we made substantial investments in creating branch infrastructure
and manpower for expanding into new business segments. Our primary growth
engine will be Corporate Lending and Vehicle Finance whereas Housing Finance
and SME Finance will offer strategic leverage.
About IndoStar Capital Finance Limited
IndoStar Capital Finance Ltd. (IndoStar) is a professionally
managed and institutionally owned organization, which offers structured term
financing solutions for corporates, and loans to small and medium enterprise
(“SME”) borrowers in India. It has recently expanded its portfolio to offer
vehicle finance and housing finance products through its network of branches.
The housing finance business is operated through IndoStar’s wholly-owned
subsidiary IndoStar Home Finance Private Limited, which commenced operations in
September 2017.

For media contact
Michael Ananth R |
Senior Account Executive
Concept Public Relations
D: +91 44 4353 9451 M: +91 9677473147 E: ananth@conceptpr.com
A: 1st Floor, Florida Towers, 138 / 30, Nelson Manickam
Road, Chennai - 600 029.
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