Indostar Capital Finance Ltd posts fall in Q2FY21 consolidated PAT to Rs. 31.60 crore

Indostar Capital Finance Ltd has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.339.56 crores during the period ended September 30, 2020 as compared to Rs.333.44 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.31.60 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.47.21 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.2.13 for the period ended September 30, 2020 as compared to Rs.4.32 for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 339.56 crs	₹ 333.44 crs	1.84%
Net Profit	₹ 31.60 crs	₹ 47.21 crs	-33.07%
EPS	₹ 2.13	₹ 4.32	-50.69%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.339.56 crores during the period ended September 30, 2020 as compared to Rs.442.84 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.31.60 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.49.41 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.2.13 for the period ended September 30, 2020 as compared to Rs.5.31 for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 339.56 crs	₹ 442.84 crs	-23.32%
Net Profit	₹ 31.60 crs	₹ 49.41 crs	-36.05%
EPS	₹ 2.13	₹ 5.31	-59.89%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.673 crores during the 6 months period ended September 30, 2020 as compared to Rs.883.91 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.78.81 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.96.50 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.6.45 for the 6 months period ended September 30, 2020 as compared to Rs.10.31 for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 673 crs	₹ 883.91 crs	-23.86%
Net Profit	₹ 78.81 crs	₹ 96.50 crs	-18.33%
EPS	₹ 6.45	₹10.31	-37.44%

Speaking on the results, R Sridhar, Executive Vice-Chairman & CEO, IndoStar, said "There are visible green-shoots in the economy, with consumer demand showing signs of an uptick and the rural economy performing well. These factors will provide a fillip to lending companies. We have charted a distinct trajectory of expanding our portfolio in the second-hand Commercial Vehicles, SME and Affordable Home finance segments. We have ambitious plans for next 5 years. We have also started focusing on "Smart branches" and "Digitisation" as major initiatives, which will result in enhanced productivity and lower costs. With great promoters in Brookfield and Everstone, along with superior quality of management and franchise, IndoStar will certainly be a dominant lender in the retail segments."

Shares of Indostar Capital Finance Ltd was last trading in BSE at Rs.296.75 as compared to the previous close of Rs. 290.9. The total number of shares traded during the day was 512 in over 101 trades.

The stock hit an intraday high of Rs. 296.75 and intraday low of 292.7. The net turnover during the day was Rs. 151095.

Source : Equity Bulls

Keywords