Annual Report for the FY 2024-25
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Star Housing Finance Ltd (BSE: STARHFL), an affordable housing finance company focused on rural and semi-urban EWS/LIG borrowers, has filed its Annual Report for FY 2024-25. Assets Under Management grew 21.98% YoY to ₹520.70 crs, with 5,226 active loan accounts and disbursements of ₹149.51 crs during the year. Profit after tax rose 24.94% to ₹11.10 crs, while profit before tax grew 23.68% to ₹14.19 crs. Net Interest Margin stood at 7.69%, and the company was upgraded to BBB/Stable by CARE Edge and India Ratings. Asset quality remained strong with GNPA at 1.84% and NNPA at 1.40%, and the company operates 35 branches across 6 states.
The strong AUM growth, double-digit profit growth, and improving credit ratings indicate healthy business momentum for shareholders. However, two senior resignations post-period (CFO Natesh Narayanan and Chief Compliance Officer) may warrant monitoring for management continuity.