Five-Star Business Finance Q4 results: NBFC records 40% growth in PAT at Rs 236 crore
We continued to grow consistently and delivered an AUM growth of 39 per cent year-on-year.
Non-banking finance company Five-Star Business Finance Ltd has recorded a 40 per cent rise in its profit after tax for the January-March 2024 quarter at Rs 236 crore. The city-based company had registered a profit after tax at Rs 169 crore during the corresponding quarter of last year.
Total disbursements made during the quarter under review grew by 20 per cent to Rs 1,336 crore, from Rs 1,110 crore registered in the same period of last year. For the year ending March 31, 2024 the profit after tax grew by 39 per cent to Rs 836 crore from Rs 604 crore registered last financial year.
Total disbursements for the year ending March 31, 2024 stood at Rs 9,641 crore, up by 39 per cent from Rs 6,915 crore registered year ago.Commenting on the financial performance, company Chairman and Managing Director Lakshmipathy Deenadayalan said, "Q4 was a very strong quarter across the three aspects of quality, profitability and growth.
During the quarter, we disbursed Rs 1,336 crore of loans as against Rs 1,209 crore during Q3 of FY2024, a sequential growth of 11 per cent. We added 40 branches during the Q4FY2024 leading to a strong branch network of 520 branches to deliver quality service to our customers," he said in a statement.
"We continued to grow consistently and delivered an AUM growth of 39 per cent year-on-year. Profit After tax for Q4FY2024 grew at 40 per cent as compared to Q4FY2023 and we closed with a full year PAT of Rs 836 crore.." he said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
03:52 PM IST