Indostar Capital Finance’s Disbursements Recovering; Share Of Corporate Loans Declines: Motilal Oswal

February 8, 2021 0 By boss

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Indostar Capital Finance Ltd.’s Q3 FY21 profit after tax was down ~25% QoQ to Rs 242 million.

While operating profit was up 42% QoQ owing to a stronger topline and lower opex, a spike in provisions (Rs 459 million versus Rs 87 million) led to lower profit after tax.

Total disbursements picked up to 75% of YoY levels to Rs 6.6 billion.

Retail lending disbursements also improved to 80% of YoY levels to Rs 4.8 billion, led by housing and small and medium enterprise finance, while vehicle finance disbursements remained tepid.

Collection efficiency improved to 137% in December 2020 from 92% in September 2020.

Click on the attachment to read the full report:

Motilal Oswal Indostar Capital Finance Q3FY21 Result Update.pdf

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