Top Stories
L&T Partners with PS Technology to Revolutionise Railways
6 mins read. August 2, 2024 at 12:45 PM
Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr
4 mins read. August 2, 2024 at 12:41 PM
Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr
4 mins read. August 2, 2024 at 12:36 PM

The rise in Q1 earnings propels Five Star Business Finance to a 52-week high
On July 31, shares of Five Star Business Finance reached their 52-week high of Rs 866.95 after the non-bank lender reported a 31.8% increase in net profit to Rs 183.7 crore for the first quarter of this fiscal year.
According to an exchange filing on July 29, the company's net profit for the same period of FY23 was Rs 139.4 crore.
In Q1 FY23, its income increased by 42.2% to Rs 480.4 crore from Rs 337.9 crore, while in the same quarter, its disbursements increased by 99% YoY to Rs 1,132 crore.
With a strong presence in south India, Five Star Business Finance, one of the fastest-growing companies in the industry, offers secured business loans to micro-entrepreneurs and self-employed individuals (secured by self-occupied residential property).
Five Star added 13 branches quarterly and 75 branches annually. In spite of consistent portfolio yield and cost of funds, which resulted in a stable QoQ spread, high leverage caused a sharp decrease in net interest margin (NIM) of 73 bps.
Source: Media Reports
Related News

BLS's Q2FY24 Financial Performance Review
2 mins read. November 6, 2023 at 08:56 AM

Interglobe Aviation's Q2FY24 Financial Performance Review
2 mins read. November 3, 2023 at 11:31 AM

Titan's Q2FY24 Financial Performance Review
2 mins read. November 3, 2023 at 10:59 AM

Zomato's Q2FY24 Financial Performance Review
3 mins read. November 3, 2023 at 09:50 AM
Download app
Access BlinkX
everywhere
across device
