BSE: 541336 | NSE: INDOSTAR | Bloomberg: INDOSTAR:IN
by Suman Gupta
Mumbai, Saturday, August 6th, 2022 – IndoStar Capital Finance Limited (IndoStar) today announced its results for the quarter and year ending 31 March 2022.
The Company continues to see strong improvement in collections and expects a material reduction in the quantum of stressed assets in Q1 FY23.
Liquidity continues to remain strong in Q1 FY23 and the Company has a robust pipeline to raise incremental funding for its growth plans.
Stakeholders will get a more comprehensive perspective on our performance when they also consider our results for Q1 FY23.
We expect to release our financial results for Q1 FY23 by 14 Aug 2022.
About IndoStar Capital Finance Limited: IndoStar is a non-banking finance company (NBFC) registered with the Reserve Bank of India as a systemically important non-deposit taking company. With Brookfield & Everstone as co-promoters, IndoStar is a professionally managed and institutionally owned organization engaged in providing used and new commercial vehicle financing, loans to SME borrowers and affordable Home Finance through its wholly owned subsidiary, IndoStar Home Finance Private Limited. For more information, visithttp://www.indostarcapital.com.
