Making steady progress in its core vehicle finance segment

Company
22 Oct 2024
5 Min read 
  • Indostar Capital Finance reported healthy business momentum in 2QFY25.
  •  The company added 594 employees in 2QFY25, taking the total count to ~5,170.
  •  Asset quality was largely stable with standalone GNPA remaining steady at ~5%.
  •  Financial highlights: Indostar reported a consol. PAT of INR317m, which grew ~28% YoY.
  •  Indostar expects money from the sale of the housing finance business to be used in its core businesses vehicle finance and small-ticket MSME loans.
  •  Indostar has strategically prioritized the expansion of its loan book in the used CV segment.
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