IndoStar Capital Finance Ltd posted a subdued performance for the third quarter, marked by sharp declines across profitability, revenue and operating metrics on a year-on-year basis.
Net profit for the quarter fell 70% to ₹8.3 crore, compared with ₹27.7 crore in the same period last year. Revenue declined 7.2% year-on-year to ₹346.4 crore, down from ₹373.2 crore in Q3 of the previous financial year.
Operating performance weakened meaningfully during the quarter. EBITDA declined 27.6% to ₹152.9 crore from ₹211.3 crore a year ago. This led to a sharp contraction in margins, with EBITDA margin falling to 44.15% from 56.63% in the corresponding quarter last year, reflecting pressure on profitability.
Despite the softer earnings, shares of IndoStar Capital Finance Ltd were trading marginally higher following the earnings announcement. The stock was quoted at ₹218.74 on the NSE, up ₹2.30 or 1.06%.
Also Read: Venky’s Q3 Results: Shares jump as profit more than doubles on stronger poultry realisations
IndoStar Capital Finance is a non-banking financial company (NBFC) with a focus on vehicle finance, small and medium enterprise lending, housing finance, and corporate credit segments.
