Business Performance Highlights

Portfolio Composition:

  • Total AUM: ₹8,104 crore as of June 30, 2026
  • Vehicle Finance: 73% of portfolio
  • Micro-LAP: 27% of portfolio
  • Retail-focused secured portfolio with 468 branches across 24 states & UT

Operational Metrics:

  • Disbursement yield: ~17%
  • Weighted average cost of borrowings: 9.9%
  • Net Interest Margin (NIM): ~8.8%
  • Capital Adequacy Ratio (CAR): 34%+
  • Debt-to-Equity: 1.54x

Asset Quality (Q1 FY27):

  • Gross Stage 1: ₹7,186 crore (88.68% of loan assets)
  • Gross Stage 2: ₹526 crore (6.49% of loan assets)
  • Gross Stage 3: ₹392 crore (4.84% of loan assets)
  • Total ECL Provision: ₹405 crore (4.99% of total loan assets)
  • ECL Provision Coverage: Stage 1 (1.70%), Stage 2 (16.52%), Stage 3 (49.89%)

Financial Performance (Standalone)

Q1 FY27 Income Statement (₹ crore):

  • Interest expenses: 144.4
  • Net Interest Income: 219.5
  • Other Income: 2.9
  • Total Income: 222.4
  • Employee Benefits Expense: 88.2
  • Depreciation and Amortization: 6.4
  • Other Expenses: 34.8
  • Total operating expenses: 129.4
  • Pre-provision operating profit: 92.9
  • Credit costs: 81.4
  • Profit before tax: 11.4
  • Tax: 0.0
  • Profit after tax: 11.4

Quarterly Comparison (Standalone PAT):

  • Q1 FY27: ₹11.4 crore
  • Q4 FY26: ₹(424.0) crore
  • Q1 FY26: ₹535.4 crore

Balance Sheet (Standalone as of June 30, 2026, ₹ crore):

  • Total Assets: 9,867.5
  • Financial Assets: 9,170.4
  • Cash and cash equivalents: 47.6
  • Bank balance other than cash: 265.7
  • Loans: 7,699.2
  • Investments: 1,101.7
  • Other financial assets: 50.4
  • Non-Financial Assets: 697.1
  • Total Liabilities & Equity: 9,867.5
  • Financial Liabilities: 6,039.1
  • Debt Securities: 3,488.3
  • Borrowings other than debt securities: 2,344.2
  • Other financial liabilities: 206.5
  • Non-Financial Liabilities: 34.2
  • Equity: 3,794.2
  • Equity share capital: 161.6
  • Other equity: 3,632.6

Consolidated Financial Performance

Q1 FY27 Consolidated (₹ crore):

  • Profit after tax from continuing operations: 11.5
  • Profit after tax from discontinued operations: 0.0
  • Total Profit after tax: 11.5

Consolidated Balance Sheet (as of June 30, 2026, ₹ crore):

  • Total Assets: 9,872.6
  • Total Liabilities & Equity: 9,872.6
  • Equity: 3,799.3
  • Equity share capital: 161.6
  • Other equity: 3,637.7

Credit & Collections

The company has implemented robust credit and collections infrastructure with:

  • Data science-driven risk prioritization
  • Intelligent collections analytics with propensity models
  • Automated underwriting and risk decisioning
  • Bureau intelligence and early warning systems
  • 65% targeted STP enabled for Car & SCV by March 2027
  • 70% scorecard coverage by March 2027

Risk Management

Risk Governance Framework:

  • Comprehensive risk management covering credit, market, operational, and compliance risks
  • ALCO monitors asset-liability management risk
  • Positive cumulative mismatch across all buckets
  • LCR maintained at 1.53x-1.78x of RBI mandate
  • No breach in internal ALM thresholds

Credit Ratings:

  • Long term: AA- (Stable) by CARE Edge & CRISIL
  • Short term: A1(+) by CARE Edge & CRISIL

Management & Governance

Board of Directors:

  • Chairperson: Naina Krishna Murthy (Non-Executive Independent Director)
  • Other Independent Directors: Hemant Kaul, Sujatha Mohan
  • Non-Independent Directors: Bobby Parikh, Aditya Joshi, Devdutt Marathe, Vishal Goenka

Key Management Personnel:

  • Managing Director & Executive Vice Chairman: Randhir Singh
  • Chief Risk Officer: Nitin Ramesh Gyanchandani
  • Chief Financial Officer: Jayesh Jain
  • Company Secretary & Compliance Officer: Shikha Jain

Shareholding Pattern (as of June 2026):

  • Promoters: 70.36%
  • BCP V Multiple Holdings Pte Ltd (Brookfield): 55.97%
  • IndoStar Capital (Everstone): 14.40%
  • Domestic Institutional Investors: 2.20%
  • Foreign Institutional Investors: 2.57%
  • Public Individual Investors: 24.87%

Digital Transformation

  • E-NACH adoption: Vehicle Finance 88%, Micro-LAP 100%
  • E-Sign adoption: Vehicle Finance 86%, Micro-LAP 100%
  • Digital transformation across lending journey

#Tags: #IndoStarCapital #Q1Results #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Neutral