'IndoStar Capital Finance conducted a conference call on 06 November 2020 to discuss financial results for the quarter ended September 2020. Ramachandran Sridhar, Executive Vice Chairman & CEO of the company addressed the call:
Highlights:
The quarter ended September 2020 was good for the company with some exceptional achievements.
The collection efficiency improved to 70% in August 2020. Further, the collection efficiency of the company has accelerated sharply to touch 100% in October 2020.
The collection efficiency was the 65% in July and 92% in September 2020.
As per the company, various economic indicators such as GST collections, fuel consumption are indicated at positive Outlook for the commercial vehicle segment.
The company had adopted a cautious approach due to uncertain environment. However, with the achievement of 100% collection efficiency the company has started lending at in all three retail businesses. So between November and March 2021, the comp...
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