Q4 2024 Star Housing Finance Ltd Earnings Call Transcript
Key Points
- Star Housing Finance Ltd (BOM:539017) achieved a 74% year-on-year growth in assets under management, reaching INR426 crores.
- The company maintained a low gross non-performing assets (GNPA) ratio of 1.50% and net non-performing assets (NNPA) ratio of 1.02%.
- Successful capital infusion through warrants amounting to INR60 crores has strengthened the company's capitalization levels.
- The company has expanded its presence to the Northern region, particularly in the National Capital Region (NCR), recognizing its growth potential.
- Star Housing Finance Ltd (BOM:539017) received a rating upgrade from CARE, now rated as BBB/stable by both India Ratings and CARE.
- The portfolio at risk stands at 3.22%, indicating some level of overdue accounts.
- The company faces challenges in maintaining asset quality as it expands its portfolio.
- There are concerns about potential regulatory changes affecting co-lending practices, which could impact the company's strategy.
- The average loan size in rural areas is relatively low at INR8 lakhs, which may limit revenue growth.
- The company has a high leverage ratio of 2.41 times, which could pose risks if not managed carefully.
Ladies and gentlemen, good afternoon and a warm welcome to all participants to the quarterly update call of Star Housing Finance Limited. Star Housing Finance Limited has organized this call with an intent to share updates and discuss operational as well as financial highlights of the company for the period ending March 31, 2024. On the call we have the senior management comprising Mr. Ashish Jain, Managing Director; Mr. Kalpesh Dave, Chief Executive Officer; Mr. Natesh Narayanan, Chief Financial Officer; Mr. Anoop Saxena, Chief Operating Officer of the company, along with Ms. Savli Mangle as an IR from Adfactors PR.
Before we proceed with this call, I would now like to take this opportunity to remind everyone about the disclaimer related to this conference call. Today's discussion may be forward-looking in nature based on management's current beliefs and expectation. It must be viewed in conjunction with the risks that our business faces that could cause our future results, performance, or achievements to differ significantly from what may be expressed or implied by such forward-looking
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