IndoStar Capital Finance Limited has informed the Exchange about Investor Presentation
INDOSTAR · price
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Awaiting price reaction for this filing.
IndoStar Capital Finance filed its Q1FY26 investor presentation. AUM stood at ₹7,783 crores (vs ₹7,170 cr YoY), with Vehicle Finance making up 93% of the mix. Disbursements fell sharply to ₹858 crores (from ₹1,416 cr YoY). Profit after tax jumped to ₹535 crores largely due to a ₹1,176 crore one-time exceptional gain from the sale of its housing finance business. Underlying profitability remained weak, with pre-provision operating profit dropping 69% QoQ. Asset quality improved, with Gross Stage 3 falling to 4.04% (from 4.97% YoY) and Net Stage 3 to 1.68%. Cost of borrowings reduced 30 bps QoQ to 10.5%, and NIM expanded to 6.2% from 5.8% YoY. The company has 451 branches across 23 states, 4,140 employees, and a 33% capital adequacy ratio.
The headline profit is misleading as it is driven entirely by the one-time HFC sale gain; core operating performance actually weakened QoQ with a sharp drop in disbursements and pre-provision profit. Improving asset quality and lower borrowing costs are positives, but the stock may react negatively once the one-off is stripped out of the picture.