IndoStar Announces Strong Q2 FY25 Financial Results with Strategic Moves

IndoStar, a non-banking finance company, reported its Q2 FY25 financial results. Highlights include a 6% AUM growth to ₹10,112 crore and a PAT of ₹32 crore. Key initiatives include the sale of IndoStar Home Finance for ₹1,750 crore and a pool of stressed assets for ₹357 crore.

IndoStar, a significant player in the non-banking finance sector, has announced its financial results for the second quarter of fiscal year 2025, marking notable growth and strategic initiatives. The company recorded a 6% increase in asset under management (AUM), climbing to ₹10,112 crore from the previous quarter's ₹9,565 crore.

During this period, IndoStar reported a profit after tax (PAT) of ₹32 crore, reflecting robust financial health amidst challenging market conditions. A key development was the sale of its subsidiary, IndoStar Home Finance Private Limited, to EQT for ₹1,750 crore, a move expected to streamline operations.

Furthermore, IndoStar divested a pool of legacy corporate loans and commercial vehicle assets worth ₹357 crore. The company also raised ₹266 crore through secured, redeemable debentures while receiving a rating upgrade to 'Stable' by CRISIL, indicating strong market confidence in its fiscal strategies.

(With inputs from agencies.)