Q1 2025 IndoStar Capital Finance Ltd Earnings Call Transcript
Key Points
- Indostar Capital Finance Ltd (BOM:541336) reported a significant growth in disbursements for Q1 FY25, reaching INR1,627 crores, a 45.8% increase over the previous year.
- The company's net interest income increased by close to 29% year-on-year, reaching INR186 crores.
- The company has made significant investments in technology, enhancing its end-to-end loan origination process.
- Indostar Capital Finance Ltd (BOM:541336) has successfully reduced its GNPA to 4.19% on a consolidated basis.
- The company is expanding its operations in Tier 3 and Tier 4 cities, focusing on the used commercial vehicle segment, which is expected to grow due to rural demand.
- The company's GNPA and NNPA metrics have increased in both the commercial vehicle and housing finance businesses.
- The cost of new vehicles has been rising, making it unaffordable for some retail players to enter the new vehicle segment.
- The company is facing challenges in raising bank loans for its NBFC segment, although progress is being made.
- There is a slight increase in delinquencies expected in the first quarter, which may normalize post-monsoons.
- The company has a legacy book of INR211 crores that will take two years to resolve, potentially impacting credit costs.
Ladies and gentlemen, good day, and welcome to the Q1 FY25 earnings conference call of IndoStar Capital Finance Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Viral Sanklecha from Orient Capital. Thank you, and over to you, sir.
Thank you, Ashlok. Good afternoon, everyone. I welcome you for the Q1 FY25 earnings conference call of IndoStar Capital Finance Limited. To discuss this quarter's performance, we have from the management, Mr. Karthikeyan Srinivasan, Chief Executive Officer; Mr. Randhir Singh, Executive Vice Chairman; Mr. VinodKumar Panicker, Chief Financial Officer; Mr. Shreejit Menon, CEO of IndoStar Home Finance Private Limited; and Mr. Pushkar Joshi, CFO, IndoStar Home Finance Private Limited.
Before we proceed with this call, I would like to mention that some of the statements made in today's call may be forward-looking in nature and may involve risks and uncertainties. For more details. Kindly refer to the
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