Five-Star Business Finance Ltd.
FIVESTARFinancial Services filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
13 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (1 of 13 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20221202 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230203 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230516 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230803 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231107 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240208 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240508 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240807 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241105 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250206 | 2024-12-31 | yes | |
| TRANSCRIPT | 20251104 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260203 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260731 | 2026-06-30 | yes |
FIVESTAR
files as a non-banking financial company. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | nbfc |
| Scope served | standalone |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 524.85 |
| 52-week range | 347.3 – 660.0 |
| Return 1M | 4.76% |
| Return 3M | 5.6% |
| Return 1Y | 0.43% |
| Return 3Y | -24.81% |
| Return 5Y | not reported for this period |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 829.00 |
| Other income | 10.00 |
| Total income | 839.00 |
| Cost of materials consumed | 0.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | 0.00 |
| Employee benefit expense | 189.00 |
| Finance costs | 172.00 |
Ownership — 2026-06-30, and the change from 2025-12-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.19 | 0.00 |
| institutions foreign | 0.44 | -0.09 |
| institutions domestic | 0.22 | 0.08 |
| mutual funds | 0.18 | 0.07 |
| public | 0.81 | -0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 13 |
Financial statements
Filed results, standalone, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 387.00 | 439.00 | 480.00 | 522.00 | 567.00 | 616.00 | 666.00 | 702.00 | 727.00 | 752.00 | 787.00 | 799.00 | 815.00 | 817.00 | 829.00 |
| Other income | 2.00 | 0.00 | 3.00 | 0.00 | 3.00 | 3.00 | 3.00 | 4.00 | 4.00 | 7.00 | 5.00 | 7.00 | 7.00 | 9.00 | 10.00 |
| Total income | 389.00 | 439.00 | 484.00 | 522.00 | 570.00 | 619.00 | 669.00 | 706.00 | 731.00 | 760.00 | 791.00 | 807.00 | 822.00 | 826.00 | 839.00 |
| Cost of materials consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 97.00 | 96.00 | 99.00 | 106.00 | 110.00 | 114.00 | 123.00 | 125.00 | 129.00 | 144.00 | 156.00 | 144.00 | 160.00 | 170.00 | 189.00 |
| Finance costs | 63.00 | 77.00 | 96.00 | 106.00 | 129.00 | 138.00 | 158.00 | 163.00 | 171.00 | 175.00 | 187.00 | 180.00 | 189.00 | 181.00 | 172.00 |
| Depreciation and amortisation | 5.00 | 5.00 | 5.00 | 6.00 | 7.00 | 7.00 | 6.00 | 7.00 | 8.00 | 9.00 | 8.00 | 9.00 | 10.00 | 10.00 | 9.00 |
| Other expenses | 17.00 | 30.00 | 23.00 | 27.00 | 25.00 | 27.00 | 27.00 | 31.00 | 34.00 | 35.00 | 37.00 | 41.00 | 38.00 | 47.00 | 45.00 |
| Total expenses | 187.00 | 215.00 | 238.00 | 255.00 | 280.00 | 306.00 | 333.00 | 348.00 | 366.00 | 389.00 | 436.00 | 425.00 | 453.00 | 469.00 | 477.00 |
| Profit before exceptional items and tax | 202.00 | 224.00 | 246.00 | 267.00 | 290.00 | 313.00 | 336.00 | 358.00 | 365.00 | 371.00 | 355.00 | 382.00 | 369.00 | 357.00 | 362.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 202.00 | 224.00 | 246.00 | 267.00 | 290.00 | 313.00 | 336.00 | 358.00 | 365.00 | 371.00 | 355.00 | 382.00 | 369.00 | 357.00 | 362.00 |
| Current tax | 53.00 | 58.00 | 69.00 | 71.00 | 75.00 | 84.00 | 92.00 | 99.00 | 89.00 | 92.00 | 101.00 | 95.00 | 109.00 | 60.00 | 96.00 |
| Deferred tax | -2.00 | -3.00 | -7.00 | -3.00 | -2.00 | -7.00 | -7.00 | -8.00 | 2.00 | -0.00 | -13.00 | 1.00 | -18.00 | 28.00 | -5.00 |
| Tax expense | 51.00 | 55.00 | 62.00 | 68.00 | 73.00 | 77.00 | 85.00 | 90.00 | 91.00 | 92.00 | 89.00 | 96.00 | 92.00 | 88.00 | 91.00 |
| Profit for the period | 151.00 | 169.00 | 184.00 | 199.00 | 217.00 | 236.00 | 252.00 | 268.00 | 274.00 | 279.00 | 266.00 | 286.00 | 277.00 | 269.00 | 271.00 |
| Other comprehensive income | -0.00 | 1.00 | -2.00 | 1.00 | -1.00 | -0.00 | -0.00 | 0.00 | -1.00 | -2.00 | -2.00 | 7.00 | -5.00 | 8.00 | -1.00 |
| Total comprehensive income | 151.00 | 170.00 | 182.00 | 200.00 | 216.00 | 236.00 | 251.00 | 268.00 | 273.00 | 278.00 | 265.00 | 293.00 | 272.00 | 277.00 | 271.00 |
| Earnings per share, basic | 5.18 | 5.79 | 6.30 | 6.85 | 7.42 | 8.07 | 8.60 | 9.16 | 9.36 | 9.49 | 9.04 | 9.72 | 9.41 | 9.14 | 9.19 |
| Earnings per share, diluted | 5.15 | 5.73 | 6.24 | 6.78 | 7.37 | 8.01 | 8.53 | 9.07 | 9.35 | 9.55 | 9.02 | 9.69 | 9.38 | 9.16 | 9.18 |
| Interest earned | 383.00 | 423.00 | 464.00 | 504.00 | 550.00 | 599.00 | 641.00 | 679.00 | 711.00 | 735.00 | 765.00 | 773.00 | 796.00 | 795.00 | 808.00 |
| Fees and commission income | 2.00 | 9.00 | 5.00 | 4.00 | 4.00 | 8.00 | 7.00 | 7.00 | 8.00 | 11.00 | 10.00 | 11.00 | 12.00 | 14.00 | 14.00 |
| Net gain on fair value changes | 2.00 | 4.00 | 11.00 | 11.00 | 14.00 | 9.00 | 19.00 | 16.00 | 8.00 | 7.00 | 12.00 | 15.00 | 8.00 | 7.00 | 8.00 |
| Dividend income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Rental income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Annual results, as filed
| Line | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Revenue from operations | 1,529.00 | 2,183.00 | 2,848.00 | 3,218.00 |
| Other income | 0.00 | 12.00 | 18.00 | 28.00 |
| Total income | 1,529.00 | 2,195.00 | 2,866.00 | 3,246.00 |
| Cost of materials consumed | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 346.00 | 429.00 | 521.00 | 630.00 |
| Finance costs | 266.00 | 468.00 | 668.00 | 737.00 |
| Depreciation and amortisation | 17.00 | 25.00 | 30.00 | 37.00 |
| Other expenses | 74.00 | 102.00 | 127.00 | 163.00 |
| Total expenses | 724.00 | 1,079.00 | 1,435.00 | 1,783.00 |
| Profit before exceptional items and tax | 805.00 | 1,116.00 | 1,431.00 | 1,463.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 805.00 | 1,116.00 | 1,431.00 | 1,463.00 |
| Current tax | 207.00 | 299.00 | 372.00 | 365.00 |
| Deferred tax | -6.00 | -19.00 | -14.00 | -1.00 |
| Tax expense | 201.00 | 280.00 | 358.00 | 364.00 |
| Profit for the period | 603.00 | 836.00 | 1,072.00 | 1,099.00 |
| Other comprehensive income | -2.00 | -2.00 | -3.00 | 8.00 |
| Total comprehensive income | 601.00 | 834.00 | 1,070.00 | 1,106.00 |
| Earnings per share, basic | 20.71 | 28.64 | 36.61 | 37.31 |
| Earnings per share, diluted | 20.49 | 28.39 | 36.50 | 37.25 |
| Interest earned | 1,499.00 | 2,117.00 | 2,766.00 | 3,129.00 |
| Fees and commission income | 14.00 | 22.00 | 32.00 | 47.00 |
| Net gain on fair value changes | 8.00 | 44.00 | 49.00 | 42.00 |
| Dividend income | 0.00 | 0.00 | 0.00 | 0.00 |
| Rental income | 0.00 | 0.00 | 0.00 | 0.00 |
Balance sheet, as filed
| Line | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Total assets | 8,703.00 | 9,680.00 | 11,689.00 | 12,820.00 | 14,421.00 | 15,435.00 | 15,790.00 |
| Property, plant and equipment | 15.00 | 19.00 | 21.00 | 22.00 | 24.00 | 28.00 | 26.00 |
| Capital work-in-progress | 0.00 | 0.00 | — | 0.00 | 62.00 | 72.00 | 72.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other intangible assets | 1.00 | 11.00 | 10.00 | 8.00 | 7.00 | 7.00 | 6.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash and cash equivalents | 1,340.00 | 1,015.00 | 1,534.00 | 1,212.00 | 1,497.00 | 1,523.00 | 1,618.00 |
| Total equity and liabilities | 8,703.00 | 9,680.00 | 11,689.00 | 12,820.00 | 14,421.00 | 15,435.00 | 15,790.00 |
| Equity | 4,340.00 | 4,736.00 | 5,196.00 | 5,723.00 | 6,305.00 | 6,807.00 | 7,380.00 |
| Equity share capital | 29.00 | 29.00 | 29.00 | 29.00 | 29.00 | 29.00 | 30.00 |
| Other equity | 4,310.00 | 4,707.00 | 5,167.00 | 5,694.00 | 6,275.00 | 6,777.00 | 7,351.00 |
| Total liabilities | — | — | — | — | 8,116.00 | 8,628.00 | 8,410.00 |
Cash flow, as filed
| Line | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Net cash from operating activities | -1,123.00 | -984.00 | -2,122.00 | -807.00 | -1,045.00 | -326.00 | -264.00 |
| Net cash from investing activities | 162.00 | 49.00 | 210.00 | -29.00 | -585.00 | -1.00 | 228.00 |
| Net cash from financing activities | 1,688.00 | 610.00 | 2,106.00 | 513.00 | 1,593.00 | 353.00 | 157.00 |
| Purchase of property, plant and equipment | 12.00 | 19.00 | 22.00 | 8.00 | 83.00 | 17.00 | 26.00 |
| Net increase in cash | 727.00 | -325.00 | 194.00 | -323.00 | -37.00 | 26.00 | 121.00 |
| con:CFO.BEFORE_TAX | -2,136.00 | -1,523.00 | -3,330.00 | -1,633.00 | -2,698.00 | -1,350.00 | -2,227.00 |
| con:INTEREST_RECEIVED.OPERATING | 1,495.00 | 920.00 | 2,007.00 | 1,269.00 | 2,676.00 | 1,520.00 | 3,065.00 |
| con:INTEREST_PAID.OPERATING | 280.00 | 241.00 | 512.00 | 277.00 | 642.00 | 353.00 | 735.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 201.00 | 139.00 | 287.00 | 166.00 | 381.00 | 143.00 | 367.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 82.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 34.87 | 34.87 | 34.39 | 31.30 | 26.53 | 26.51 | 26.51 | 21.59 | 21.55 | 21.47 | 21.47 | 0.19 | 0.19 | 0.19 |
| Domestic institutions | 5.62 | 5.05 | 4.71 | 7.52 | 7.81 | 6.98 | 6.07 | 8.99 | 10.11 | 9.09 | 9.48 | 0.12 | 0.15 | 0.22 |
| Mutual funds | — | — | — | — | — | — | — | — | — | — | 5.84 | 0.08 | 0.10 | 0.18 |
| Insurance companies | 1.10 | 1.16 | 0.78 | 0.75 | 0.75 | 0.53 | 0.14 | 2.35 | 2.05 | 1.09 | 1.28 | 0.01 | 0.01 | 0.01 |
| Foreign institutions | 6.54 | 6.98 | 8.74 | 50.22 | 54.28 | 56.07 | 57.45 | 56.70 | 57.75 | 58.75 | 58.12 | 0.56 | 0.53 | 0.44 |
| Government | — | — | — | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 |
| Public | 65.13 | 65.13 | 65.61 | 68.70 | 73.47 | 73.49 | 73.49 | 78.41 | 78.45 | 78.53 | 78.53 | 0.81 | 0.81 | 0.81 |
| Non-institutional | 52.97 | 53.11 | 52.16 | 10.95 | 11.38 | 10.45 | 9.96 | 12.72 | 10.60 | 10.68 | 10.93 | 0.13 | 0.14 | 0.15 |
| Shares outstanding | 291366120 | 291366120 | 291416920 | 291717540 | 292225395 | 292449220 | 292461000 | 292476375 | 293427245 | 294427100 | 294439835 | 294468820 | 294533548 | 295179788 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Five-Star Business Finance Limited Employees Gratuity Fund | Trust Controlled by the Entity | Any other transaction | 155,513,000.00 | 2 |
| Lakshmipathy Deenadayalan | Chairman and Managing Director | Any other transaction, Remuneration | 51,717,000.00 | 2 |
| Rangarajan Krishnan | Joint Managing Director and Chief | Any other transaction, Remuneration | 44,250,000.00 | 3 |
| Srikanth Gopalakrishnan | Joint Managing Director and Chief | Any other transaction, Remuneration | 32,479,000.00 | 3 |
| Shalini Baskaran | Company Secretary | Any other transaction, Remuneration | 3,466,000.00 | 4 |
| Anand Raghavan | Independent Director | Any other transaction | 895,000.00 | 2 |
| Bhama Krishnamurthy | Independent Director | Any other transaction | 895,000.00 | 2 |
| Ramkumar Ramamoorthy | Independent Director | Any other transaction | 775,000.00 | 2 |
| T T Srinivasaraghavan | Independent Director | Any other transaction | 755,000.00 | 2 |
| Thirulokchand Vasan | Non Executive Director | Any other transaction | 555,000.00 | 2 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-07-31 | Q1FY27 | AND MANAGING DIRECTOR | Read the call |
| 2026-02-03 | Q3FY26 | :••. AMBIT, Business Finance Limited, FIVE STAR a | Read the call |
| 2025-11-04 | Q2FY26 | Read the call | |
| 2025-02-06 | Q3FY25 | BUSINESS FINANCE LIMITED | Read the call |
| 2024-11-05 | Q2FY25 | Read the call | |
| 2024-08-07 | Q1FY25 | Read the call | |
| 2024-05-08 | Q4FY24 | Read the call | |
| 2024-02-08 | Q3FY24 | Read the call | |
| 2023-11-07 | Q2FY24 | Read the call | |
| 2023-08-03 | Q1FY24 | Ajit Kumar: | Read the call |
| 2023-05-16 | Q4FY23 | EQUITIES | Read the call |
| 2023-02-03 | Q3FY23 | EQUITY | Read the call |
| 2022-12-02 | Q2FY23 | EQUITY, Franklin Moraes:, Lakshmipathy D.: | Read the call |
What they said about it, quarter by quarter
| Topic | Q2FY25 | Q2FY26 | Q3FY23 | Q3FY24 | Q3FY25 | Q3FY26 | Q4FY23 | Q4FY24 |
|---|---|---|---|---|---|---|---|---|
| Capex | — | — | — | This is purely the tech spend ex-head count, both the capex and opex. | — | — | — | — |
| Capital allocation | — | — | — | — | And with the strong return ratios and ploughing back to profits into the business, how should one think of reaching the optimum leverage level where t… | — | — | — |
| Debt and cash | But we are definitely seeing drop in collection efficiency which means there is some level of issue at their cash flow level which is why we are monit… | So, we were able to come out of that because the cash flows were safer and clearer. | So the idea and the challenge here is how do you assess cash flows in the absence of documentary proofs of income, and that is where we specialize in. | — | So, if they are prepaying from their funds, and I am just going to take both the questions together, typically you don't see too much of BT out in the… | I think people who want working capital loans, their first preference may be the gold loans and MFI loans. | That file has to get finally recommended by the chief of the branch, which is the branch manager, who will also go personally visit this file, do a va… | — |
| Demand | — | — | So there is some pent-up demand that is getting absorbed this year. | — | Second, with the MFIN guidelines coming from April, trying to Five-Star Business Finance Limited February 01, 2025 understand a couple of things -- ca… | — | — | This demand is always robust, what I have seen in the last 20 years, and it continues to be robust. |
| Guidance | So, our guidance for the financial year '25 will stand at 25%. | The second question that I had was on the guidance front. | One, if you could give us an indication or guidance on your credit cost going ahead because this quarter is a really low number. | So, we will probably guide you for maybe another 25 basis points increase from here on over the next few -- next couple of quarters. | So, out of 69, 41 was split branch and 28 was new branch and the guidance remains the same, we will be opening close to 70, 80 branches in a full year… | So, once we are able to get our collections strategy and actions in place, we will probably come back to you with the guidance on the growth for FY '2… | I think the guidance that we have been giving on the credit cost, while it has been swinging a little bit over the last few years, given the first wav… | For the quarter, it was at about 35.06% as compared to a little over 38% for Q4 FY23. We expect our cost of income to remain stable at around Five-Sta… |
| Margin | There has been a slight drop in the net interest margin, primarily on account of leverage with the quantum of debt going up. | While I see the payables and the GNPA moving, however, I don't see the change in penal interest by a huge margin. | So the margins is actually a function of leverage thereafter, our belief is that in a steady-state scenario, we should be operating at a spread of 12%… | — | — | — | My question is on the like operating leverage of the business, and on the growth sustainability. | For the full year, we had a net interest margin of 17.4% as against 18% for the last financial year. |
| People | Sir, I have a suggestion here because I was going through our deck on the page 58, we give a very detailed account of like number of employees headcou… | Is that understanding correct because of the investment that you've done in hiring collection officers over the last one year? | And the very last question is, what is your attrition at the branch officer level? | And also a few quarters back, you had highlighted that attrition level at officer level is high at around 25% to 30%. | — | But with many companies coming into this segment, and there is a competition that is coming in with attrition going up, I think it will also be impera… | Next stage of growth, let's say next 8, 10 years, if we grow 10x at an AUM of current size, will it not be very difficult to have at least on 10x or m… | So, because of the timeline and because of operational reasons such as attrition, you can't really fully load it up. |
| Pricing | I mean in addition to the industry loan growth and pricing that you have spoken about, any other observations in the RBI audit? | I think Srikanth has told you, from a debt perspective and the pricing perspective, Five-Star is very attractive and we are able to get the current de… | — | People are willing to put longer tenure monies and given the safety that they are seeing in the company, which means a lower risk premium, the pricing… | — | — | So we will expect the further big names to come in and quantum’s and that will also push down the pricing to the extent what we can bargain with the l… | All these are at very attractive pricing. |
| Revenue growth | We had a good disbursement of 1,251 crores versus 1,204 crores last September, registering a growth of 4% YoY and 1,318 crores in June quarter, which … | — | — | But having said that, we have to keep in mind that how does RBI look into the credit growth of this country. | — | — | In the past, what we used to do is this used to be completely recognized in the top line. | We believe that having a slightly higher provision on this book will be a little more prudent as compared to because it is also finding its way to the… |
What they said they would do
Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.
| Date | Quarter | Who | What they said |
|---|---|---|---|
| 2026-07-31 | Q1FY27 | AND MANAGING DIRECTOR | It seems that -- I mean, 12 months out spread should not -- should be -- I mean, you say policy, but I mean, assuming policy is where is, we should see spreads where they are today because sort of the gap between -- you still have about 30 bps left on the incremental cost of funds? |