India Shelter Finance Corporation Achieves Remarkable 77% PAT Growth in Q1 FY25

India Shelter Finance Corporation reported a 77% year-on-year growth in profit after tax to Rs 84 crore for the quarter ended June 2024. The company also saw a 37% YoY growth in Assets Under Management, reaching Rs 6,509 crore. Disbursements increased by 23% YoY to Rs 715 crore.

India Shelter Finance Corporation reported a significant 77% year-on-year growth in profit after tax (PAT), reaching Rs 84 crore for the quarter ended June 2024. This is a substantial increase from the Rs 47 crore posted in the same period last year.

The company's assets under management (AUM) also saw a 37% year-on-year growth, climbing to Rs 6,509 crore in the first quarter of FY25, up from Rs 4,759 crore in the corresponding period last year.

''India Shelter delivered another quarter of consistent performance across parameters with sustainable growth in our AUM. We now operate out of 236 branches across 15 states, having added 13 new branches during the quarter,'' said Rupinder Singh, Managing Director and CEO of India Shelter Finance Corporation.

Furthermore, disbursements for the quarter rose by 23% year-on-year, amounting to Rs 715 crore. The company’s return on assets stood at 5.6%, an improvement from 4.2% in the previous year. Gross Stage 3 assets remained stable at 1.1%, slightly up from 1% in the same quarter last year.