IndoStar Capital reports 19% y-o-y AUM growth to Rs.6,207 Cr - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Wednesday, May 30, 2018

IndoStar Capital reports 19% y-o-y AUM growth to Rs.6,207 Cr


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 28.3as 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 more information, visit- www.indostarcapital.com
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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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IndoStar Capital reports 19% y-o-y AUM growth to Rs.6,207 Cr Reviewed by S. Chitra on May 30, 2018 Rating: 5 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,...

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