Mumbai: IndoStar Capital Finance, a non-banking finance company, announced its standalone financial results for the quarter ended 30 September 2026 on October 29, 2026.
Financial Performance
Net Interest Income (NII) for Q2 FY27 increased 27% year-on-year to ₹242.3 crore, and 10% quarter-on-quarter. Pre-provision operating profit rose 58% year-on-year to ₹109.2 crore.
Asset Quality and Funding
Profit after tax stood at ₹13.1 crore for the quarter. Gross Stage 3 assets were 4.5% as of 30 September 2026, with Net Stage 3 assets at 2.4%. The weighted average cost of funds decreased to 9.7% in Q2 FY27 from 10.4% in Q2 FY26, a 70 basis point improvement.
Portfolio and Network Expansion
Vehicle Finance and Micro Loans Against Property (M-LAP) expanded by 3% and 29% quarter-on-quarter, respectively. The company also expanded its branch network to 475 locations across 24 states and union territories, adding 7 new branches during the quarter.
Capital Adequacy
The Capital Adequacy Ratio (CAR) for standalone operations was 36.0% in Q2 FY27, compared to 34.8% in Q1 FY27. Leverage (debt-to-equity ratio) was 1.6x in Q2 FY27.
Disclaimer: This story is based on company exchange filings and is for informational purposes only. Investors should evaluate risks before making decisions.
