Five-Star Business Finance Ltd. reported net revenue for the June quarter rose 32% from the year-earlier interval to ₹184 crore on strong disbursals coupled with sturdy asset high quality.
Total earnings climbed 43% to ₹484 crore, net curiosity earnings soared to ₹387 crore from ₹274 crore, whereas net curiosity margin stood at 17.74% towards 16.97%.
Assets Under Management grew by 43% to ₹7,583 crore and disbursements elevated by 99% to ₹1,132 crore, the city-based NBFC stated in a press release.
There was a marginal enhance in gross non-performing asset to 1.41% from 1.12% and net NPA to 0.79% from 0.68%, which is a typical Q1 phenomenon, stated CMD Lakshmipathy Deenadayalan.
Loans, which had been overdue for greater than 90 days, stood at 1.08% (gross) and 0.56% (net).
Capital adequacy ratio remained excessive at 60.27%. The provision protection ratio was 44.19% and the supply protection on the general portfolio was 1.64%.
