Indostar Capital Finance Ltd. Latest Updates

Quarterly Financial Performance (Q1 FY26) The company reported a Profit After Tax (PAT) of ₹535 crore for the quarter ended June 30, 2025. This significant increase was largely due to a one-time gain of approximately ₹1,176 crore resulting from the divestiture of its housing finance subsidiary. The Assets Under Management (AUM) stood at ₹7,783 crore, reflecting a 9% year-on-year growth, with the core retail vehicle finance business AUM growing by 14% year-on-year. Strategic Business Restructuring Indostar Capital Finance successfully completed the sale of its wholly-owned subsidiary, Niwas Housing Finance Private Limited, to an affiliate of EQT for a consideration of approximately ₹1,705.95 crore. The company is now operating as a focused standalone Non-Banking Financial Company (NBFC) with two core segments: Vehicle Finance and Micro Loans Against Property (M-LAP), aiming for sharper execution and enhanced capital efficiency. Asset Quality Management and Provisions The company undertook measures to manage its asset quality, including revising its technical write-off policy for loans over 210 days past due, resulting in a write-off of ₹161 crores. Additionally, it made incremental provisions of ₹255 crore on select Security Receipts (SR) to reduce the net value of these investments. The company's Gross Stage 3 assets were at 4.04% and Net Stage 3 assets at 1.68% as of Q1 FY26. Corporate Announcements and Approvals Shareholders at the Annual General Meeting held in September 2025 approved the issuance of non-convertible debentures on a private placement basis, up to ₹6,000 crores in one or more tranches. The company also announced the appointment of a new Chief Human Resources Officer, Ms. Jasmine Bawa, effective October 1, 2025.