INDOSTAR Q2 : STANDALONE NET PROFIT UP 24.8% AT ₹13.1 CR (YOY), UP 14.9% (QOQ). GOOD (On 1st Look)

Net interest income up 27% at ₹242.3 Cr (YOY), up 10% (QOQ). Pre-provision operating profit up 58% at ₹109.2 Cr (YOY), up 18% (QOQ). Disbursements up 51% to ₹1,399 Cr (YOY); AUM ₹8,459 Cr, up 12% (YOY). Gross Stage 3 at 4.5% and net Stage 3 at 2.4%; CAR 36.0% v 37.2% (YOY). Cost of funds eased to 9.7% v 10.4% (YOY); incremental cost 9.1%.

Indostar Capital Finance Ltd

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