IndoStar Capital Finance Limited has informed the Exchange regarding Outcome of Board Meeting held on May 27, 2026.
INDOSTAR · price
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IndoStar Capital Finance reported FY2026 standalone profit after tax of Rs. 13,020 lakhs, up from Rs. 5,259 lakhs in FY2025, boosted by an exceptional gain of Rs. 1,17,595 lakhs from the sale of subsidiary Niwas Housing Finance Limited (NHFL) completed in July 2025. However, Q4 FY2026 showed a net loss of Rs. 42,396 lakhs due to massive impairment provisions totaling Rs. 51,727 lakhs in the quarter, including Rs. 32,613 lakhs against security receipts and Rs. 4,900 lakhs management overlay for geopolitical uncertainties. Total impairment for the year reached Rs. 1,14,322 lakhs versus just Rs. 13,752 lakhs in FY2025. Asset quality worsened with GNPA at Rs. 37,469 lakhs (4.77% ratio) and provision coverage increased to 57.40%. Net interest income declined to Rs. 1,26,252 lakhs from Rs. 1,19,654 lakhs. Total assets reduced to Rs. 9,51,144 lakhs from Rs. 10,76,221 lakhs. Auditors issued unmodified opinion on both standalone and consolidated results.
The stock may face negative sentiment due to Q4 losses driven by large impairment charges, though FY2026 annual profit improved due to NHFL divestment gain. Elevated provisions and asset quality deterioration indicate ongoing stress in the loan portfolio.