Star Housing Finance Limited (Star HFL), a BSE-listed company (BSE Scrip code: 539017) focused on semi-urban and rural housing finance, has declared its business and financial performance for the quarter ending June 30, 2025.
Key Highlights:
- Business Growth: Assets Under Management (AUM) increased 16.01% y-o-y to ₹546.58 crore. The company disbursed ₹24.41 crore during the quarter.
- Income Growth: Interest income grew by 11.01% y-o-y. Net Interest Margin (NIM) stood at 6.61%.
- Asset Quality: PAR (0+ days past due) stood at 5.18%. Gross NPA was 1.65% and Net NPA 1.13% as of June 30, 2025.
- Profitability: Profit before Tax stood at ₹1.77 crore, while Profit After Tax was ₹1.38 crore.
- Liabilities: Borrowings stood at ₹391.91 crore with a strong pipeline from banks and financial institutions.
- Capital & Ratings: Net worth stood at ₹145.43 crore with leverage at 2.69x. The Board approved increasing authorized share capital to ₹125 crore from ₹50 crore. The company is rated BBB/Stable by CARE & India Ratings.
- Other Updates: Board approved issuance of Non-Convertible Debentures (NCDs) up to ₹50 crore and recommended a final dividend of 10 paise per share, subject to AGM approval.
Commenting on the results, Mr. Kalpesh Dave, CEO, said the company will continue focusing on first-time home buyers in low-ticket housing while strengthening its capital base for future growth.