IndoStar Capital Reports Robust Q1 FY25 Performance, Launches New SME Micro Loans

IndoStar Capital Finance Limited, a non-banking finance company, reported significant growth in Q1 FY25 with a core AUM reaching ₹8,718 crore, a 54% increase YOY. Key highlights include 71% YOY growth in disbursements and the introduction of SME Micro LAP loans. Randhir Singh joined as Executive Vice Chairman.

IndoStar Capital Finance Limited announced a robust financial performance for its Q1 FY25 ending June 30, 2024. The company's core assets under management (AUM) surged 54% year-on-year to ₹8,718 crore, driven by strong demand for used commercial vehicles and affordable home finance solutions.

Key milestones include a 71% YOY increase in core disbursements, which amounted to ₹1,618 crore for the quarter. Of this, vehicle finance disbursements soared by 86% to ₹1,407 crore, while housing finance disbursements rose 11% to ₹211 crore, reflecting the company's diverse growth strategies.

Additionally, IndoStar introduced a new Small Business Loans product, targeting hyper-local enterprises with loans ranging from ₹2 lakh to ₹7 lakh. Further strengthening its leadership, the company announced the appointment of Randhir Singh as Executive Vice Chairman.

(With inputs from agencies.)