 |
Analyst Meet / AGM
22-May-19
|
|
|
|
|
|
|
|
Conference Call
|
|
|
|
IndoStar Capital Finance
|
|
Targets 25-30% growth in disbursements for FY2020
|
|
|
|
|
|
IndoStar Capital Finance conducted a conference call on 21 May 2019 to discuss the financial results for the quarter ended March 2019. R Sridhar, Executive Vice-Chairman and CEO of the company addressed the call:
Highlights:
- The company has witnessed a strong quarter in Q4FY2019 after a challenging quarter in Q3FY2019.
- The disbursements of the company have increased more than 20% to Rs 6500 crore in FY2019 from Rs 5300 crore in FY2018, of which corporate disbursements stood at Rs 3500 crore and retail disbursements at Rs 3000 crore in FY2019.
- The company has touched a disbursements level of Rs 500 to 600 crore per month in FY2019.
- The company is targeting 25-30% growth in disbursements for FY2020.
- With the acquisition of Rs 3500 crore of commercial vehicle portfolio from IIFL, the overall AUM of the company has surged 90% to Rs 11700 crore end March 2019. The acquisition also added 161 branches and 1079 staff.
- The overall branch network of the company has increased to 322 branches spread in 18 states. The overall employee base of the company has increased to 2512 end March 2019. The southern region contributed 139 branches, Western region 86 branches, North 93 branches and East 4 branches.
- The liquidity conditions of the company remains comfortable, while the company has raised resources of Rs 1200 crore in Q3FY2019 and Rs 1500 crore in Q4FY2019. The funding requirements of the company were also supported by repayment of a large corporate account.
- The company has maintained strong asset quality with the GNPA ratio of 0.7 % and the NNPA of 0.5% end March 2019, the GNPA and NNPA was higher including IIFL assets at 2.6% and 1.7%.
- The company has a strong growth potential. As per the company, there are 8 million commercial vehicles on road with financing penetration of less than 50%. The company expects to become major player in the commercial vehicle business and scale up disbursements to Rs 400 crore per month in FY2020.
- The commercial vehicle and housing finance businesses have become profitable in Q4FY2019.
- An incremental yield on commercial vehicle book stands at 16.5%.
- The company expects the cost-to-income ratio to reduce to 25-30% by FY2021.
- The real estate exposure stands at 20%, which is expected to decline to 10% in next two years. About 70-80% of the real estate book is Mumbai based.
- The consolidated leverage of the company stands at 3x, while the company expects no need for capital raising till FY2021.
|
|
|
|
Previous News |
Indostar Capital Finance reports consolidated net loss of Rs 317.06 crore in the March 2021 quarter
(
Results
-
Announcements
18-Jun-21
07:42
)
|
|
|
IndoStar Capital Finance AGM scheduled
(
Corporate News
-
26-Aug-23
12:01
)
|
|
|
Volumes spurt at Indoco Remedies Ltd counter
(
Hot Pursuit
-
26-May-21
11:00
)
|
|
|
Board of IndoStar Capital Finance appoints CFO
(
Corporate News
-
27-Dec-22
20:12
)
|
|
|
Indostar Capital hits the roof after board appoints Vinod Kumar Panicker as CFO
(
Hot Pursuit
-
28-Dec-22
09:58
)
|
|
|
Indostar Capital Finance standalone net profit rises 16.44% in the September 2021 quarter
(
Results
-
Announcements
11-Nov-21
08:21
)
|
|
|
IndoStar Capital Finance to declare Quarterly Result
(
Corporate News
-
26-Jul-23
17:18
)
|
|
|
IndoStar Capital Finance
(
Analyst Meet / AGM
-
Conference Call
22-May-19
10:34
)
|
|
|
Indostar Capital Finance appoints CEO
(
Corporate News
-
23-Feb-23
19:46
)
|
|
|
Indostar Capital Finance consolidated net profit rises 24.81% in the September 2021 quarter
(
Results
-
Announcements
11-Nov-21
08:16
)
|
|
|
India Ratings withdraws rating assigned to LT debt program of IndoStar Capital Finance
(
Market Beat
-
Reports
08-May-21
12:55
)
|
|
|
|
|
|
Other Stories |
|
|
|
|
|
|
|
|
|
|
|
|
|