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Five-Star Business Finance conducted a conference call on 01 August 2024 to discuss its financial results for the quarter ended June 2024. Lakshmipathy Deenadayalan, CMD of the company addressed the call:
Highlights:
The June 2024 quarter was muted, while the company has crossed the AUM of Rs 10000 crore end June 2024. The disbursements were nearly flat qoq at Rs 1320 crore in Q1FY25.
The company has posted highest quarterly profit of Rs 252 crore in Q1FY2025.
The company is targeting disbursements growth of 25-27%, while expects loan accounts to increase 20-22% in FY2025.
The cost to income ratio is expected at 35-36% for FY2025.
The company would maintain cash and liquid investments position equivalent to 15-17% of the AUM.
The NIM of the company has declined by 45 bps on sequential basis due to increased borrowings.
The company proposes to pass on the benefits reduction in cost of borrowing to cus...
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