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IndoStar Capital Finance Core (VF + HFC) AUM grows 54% and Disbursements 71% YoY

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MUMBAI, India, Aug. 1, 2024 /PRNewswire/ — 

Q1 FY25 Quarter Performance:

Core AUM (VF + HFC) at ₹ 8,718 crore, up 54% YOY from ₹ 5,669 in Q1FY24Robust demand for used CV: VF AUM at ₹ 6,323 crore, up 13%, QOQ and 61% YOYAffordable Home Finance AUM at ₹ 2,395 crore, up 38% YOY from Q1 FY24

Q1 FY25 Highlights (Consolidated):

AUM at ₹ 9,565 crore, up 9% from ₹ 8,763 crore in Q4 FY24 and up 19% YOY from Q1 FY24Core AUM (CV + HFC) ~ ₹ 8,718 crore (91% of total), up 11% from ~ ₹ 7,864 crore in Q4FY24, up 54% YOYCore Disbursements (CV + HFC) of ₹ 1,618 crore, up 74% YOY from ₹ 945 crore in Q1 FY24Debt/Equity Ratio at 2.3x for Q1 FY25Gross Stage 3 assets at 4.19% for Q1 FY25Net Stage 3 assets are at 2.08% for Q1 FY25

Q1 FY25 Highlights (Standalone – ICF):

AUM at ₹ 7,170 crore, up 10% from ₹ 6,493 crore in Q4 FY24VF AUM at ₹ 6,323 crore, up 13% from ₹ 5,594 crore in Q4 FY24 and up 61% YOY from Q1 FY24VF Disbursements at ₹ 1,407 crore, up 90% from ₹ 740 crore in Q1FY24Debt/Equity Ratio at 1.96xGross Stage 3 assets at 4.97% for Q1 FY25Net Stage 3 assets are at 2.36% for Q1 FY25Strong Capital Adequacy at 27.7%, on a standalone basis

Q4 FY24 Highlights (HFC – Subsidiary):

AUM at ₹ 2,395 crore, up 5% from ₹ 2,270 crore in Q4 FY24, and up 38% YOY from Q1 FY24Debt/Equity Ratio at 2.62x timesGross Stage 3 assets at 1.34% for Q1 FY25Net Stage 3 assets at 1.06% for Q1 FY25Strong Capital Adequacy at 56.2%, on a standalone basis

IndoStar, a middle-layered non-banking finance company (NBFC) registered with the Reserve Bank of India, announced its financial results for the quarter June 30th, 2024, earlier today.

The company AUM at ₹9,565 crore, is up 9% from ₹8,763 crore in Q4 FY24. The company continued to maintain a healthy asset quality, with Gross NPAs at 4.19% in Q1 FY25. At a consolidated level, the Company delivered a PAT of ₹25 crore for Q1 FY25.

Progress on some key strategic initiatives is detailed here:

Year-on-Year Disbursement Growth

The company’s core (VF + HFC) disbursements for Q1 FY25 at ₹1,618 crore grew 71% YOY, compared to ₹945 crore disbursed over the same period last year. VF disbursements at ₹ 1,407 crore grew 86% (Q1 FY24 disbursement of ₹ 755 crore), while Housing Finance disbursements at ₹ 211 crore were up 11% (Q1 FY24 disbursement of ₹ 190 crore).

Launch of SME Micro LAP business

During the quarter, the Company began piloting the Small Business Loans product where the customers can avail loan ranging from ₹ 2 lakh to ₹ 7 lakh. The Company aims to help hyper-local, nano-enterprises, shopkeepers, and small and medium businesses (SMEs). The new Small Business Loans product offers secured loans for personal or business needs, against collateral offered by the customer.

Senior Management update

Mr. Randhir Singh joined as a Whole Time Director and Executive Vice Chairman of the Company effective July 22, 2024. Mr. Randhir Singh has over 29 years of experience in the areas of MSME Lending, Structured Finance, Debt Capital Markets, Corporate Finance, Sales and Trading, FX and Interest Rate derivatives, Risk Management, Asset Management and Banking Operations in banking and financial services sector. He will partner with the broader management team to deliver the growth strategy and drive value creation at IndoStar.

IndoStar Capital Finance Limited (“ICFL”) (Standalone) Financial performance

ICFL delivered a PAT of ₹ 11 crore in Q1 FY25. The AUM for ICFL stands at ₹ 7,170 crore out of which the retail vehicle finance business is ₹ 6,323 crore. Disbursements during the quarter stood at ₹ 1,416 crore, up 88% from ₹ 755 crore in Q1 FY24. With a focus on collections through the quarter, Gross Stage 3 remains flat at 4.97% in Q1 FY25; Net Stage 3 stood at 2.36%. The company maintained a strong Capital Adequacy Ratio (CAR) of 27.7% on a standalone basis. Debt equity ratio stood at 1.95x.

IndoStar Home Finance Private Limited (“IHFPL”) Financial Performance

IHFPL delivered a PAT of ₹ 14 crore in Q1 FY25 aided by AUM growth and securitization transactions. The AUM in IHFPL stands at ₹ 2,395 crore in Q1 FY25, up 38% from ₹1,741 crore in Q1 FY24. IHFPL continues to deliver on its core strategy of providing affordable housing loans in semi-rural and rural markets, while maintaining healthy asset quality. The company reported Gross Stage 3 assets at 1.3%. IHFPL has a Capital Adequacy Ratio (CAR) of 56.2%.

Key Performance Highlights (Consolidated):

Particulars (₹ in crs)

Q1FY25

Q4FY24

Q-o-Q %

Q1FY24

Y-o-Y %

Net Revenue from operations

192

282

(32 %)

145

32 %

Operating expenses

(139)

(139)

0 %

(115)

20 %

Pre-provision operating profit

53

143

(63 %)

30

77 %

Profit after tax

25

35

(29 %)

39

(36 %)

CAR (%) Standalone

27.7 %

28.9 %

34.4 %

Leverage (D/E)

2.3x

2.3x

1.9x

About IndoStar Capital Finance Limited

IndoStar is a non-banking finance company (NBFC) registered with the Reserve Bank of India classified as a Middle layered NBFC. With Brookfield & Everstone as co-promoters, IndoStar is a professionally managed and institutionally owned entity engaged in providing used and new commercial vehicle financing and affordable Home Finance through its wholly owned subsidiary, IndoStar Home Finance Private Limited.

For more information, visit www.indostarcapital.com.

Safe Harbor

This document is to provide the general background information about the Company’s activities as at the date of the release. The information contained herein is for general information purposes only and based on estimates and should not be considered as a recommendation that any investor should subscribe / purchase the company shares. The Company makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information contained herein. This release may include certain forward-looking statements. These statements include descriptions regarding the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition of the Company. These statements can be recognized by the use of words such as ”expects”, “plans”, ‘will”, “estimates”, “projects”, or other words of similar meaning. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those in such forward-looking statements as a result of various factors and assumptions which the Company believes to be reasonable in light of its operating experience in recent years. The risks and uncertainties relating to these statements include, but not limited to, risks and uncertainties, regarding fluctuations in earnings, our ability to manage growth, competition, our ability to manage our international operations, government policies, regulations, etc. The Company does not undertake any obligation to revise or update any forward-looking statement that may be made from time to time by or on behalf of the Company including to reflect actual results, changes in assumptions or changes in factors affecting these statements. Given these risks, uncertainties and other factors, viewers of this release are cautioned not to place undue reliance on these forward-looking statements. This release may contain certain currency exchange rates and the same have been provided only for the convenience of reader.

 

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Astronergy shines with its breakthroughs at Intersolar Europe 2025

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No busbars, no limits: Astronergy showcases ZBB-powered solar breakthroughs in Munich

MUNICH, May 13, 2025 /PRNewswire/ — At Intersolar Europe 2025, Astronergy reaffirmed its leadership in solar innovation and international collaborations by debuting cutting-edge modules featuring newly upgraded n-type solar cell technology and zero-busbar (ZBB) solar products, alongside strategic partnerships that strengthen its European footprint.

The company’s flagship ASTRO N7 and N7s modules were at the center of attention, designed for next-level performance across diverse application scenarios. With Astronergy’s latest generation of TOPCon 5.0 technology, these modules deliver higher efficiency, better temperature coefficients, and optimized LCOE performance.

ASTRO N7 and N7s lineup incorporates Astronergy’s proprietary ZBB cell technology, which replaces traditional front-side busbars with advanced non-visible contact structures, maximizing light absorption, reducing shading losses, and improving overall module aesthetics and reliability.

As one of the industry’s most forward-looking technologies, ZBB represents a key advancement in solar cell architecture, supporting thinner metallization, better current collection, and a lower risk of microcracks. By combining ZBB and TOPCon 5.0, Astronergy delivers a next-generation solution that meets the growing demand for high efficiency and long-term durability, especially under challenging field conditions.

Notably, the ASTRO N7s products stood out for their electrical performance, as well as for their outstanding mechanical durability. The products recently passed TÜV NORD’s rigorous high mechanical load and TÜV Rheinland HW4 hail impact tests, validating their reliability in extreme weather environments — a key advantage for markets across Europe and high-latitude regions.

“Intersolar Europe has been a stage for us to demonstrate how our technologies translate into real-world resilience and customer value,” said Isabella Ni, GM of Global Marketing at Astronergy. “With TOPCon 5.0 and advanced ZBB designs, we’re delivering smart, efficient, and durable solutions to accelerate global decarbonization.”

Another milestone during the event was Astronergy’s framework agreements with important partners in Europe, marking its extended business footprint in the broader Nordic market and other areas of Europe. The partnerships signify Astronergy’s ongoing commitment to tailor solutions for regional needs and build lasting partnerships across the continent.

Astronergy’s visually striking booth attracted thousands of visitors, with live product showcases and expert-led briefings drawing praise from industry professionals and media alike. With its presence in solar markets and participation in European initiatives like SolarPower Europe and SSI, Astronergy continues to establish itself as a global partner of choice, offering future-ready PV technology backed by proven reliability.

SOURCE Astronergy

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BC.GAME Unveils New Logo, Embraces Crypto Elements to Reflect Future Vision

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BELIZE CITY, Belize, May 12, 2025 /PRNewswire/ — BC.GAME, a global leader in Web3 gaming, has officially launched its refreshed brand identity—marking a significant step toward building a more diverse and globally integrated Web3 entertainment ecosystem. The brand upgrade includes a redesigned logo, updated color palette, and the introduction of a new slogan, “Stay Untamed.” This move also highlights the platform’s deepening presence in the crypto space, reinforcing its position as a pioneer in the Web3 and crypto entertainment industry.

New Logo and Slogan Reinforce Crypto Roots and Untamed Spirit

BC.GAME‘s new logo combines a classic lowercase “b” with an embedded “c,” creating a sleek and instantly recognizable visual. The “c” not only connects to the platform’s name but also symbolizes its deep-rooted connection to the crypto world. Representing both “bc” and “coin,” the logo reflects the platform’s strong foundation in cryptocurrency and signals its ambitious vision to build a thriving ecosystem centered around the $BC token.

The platform’s signature green has also been refreshed to a deeper, more tech-forward tone, enhancing its professional presence within the blockchain and Web3 entertainment space while boosting visual impact and recognition.

BC.GAME’s new slogan, “Stay Untamed,” embodies its spirit of freedom, openness, and innovation. As a Web3 advocate, BC.GAME encourages players to break boundaries and explore new possibilities, reflecting the decentralization, community-driven ethos, and ongoing innovation that define Web3.

BC.GAME’s Crypto Journey: Expanding from Payments to the $BC Ecosystem

BC.GAME’s journey in the crypto space began long before cryptocurrency payments became mainstream. From the early days, the platform has explored and implemented crypto-based technologies. Today, through the launch of its $BC token and a suite of crypto features, BC.GAME continues to deliver seamless and innovative digital entertainment to users worldwide.

$BC Token Launch and Ecosystem

At the end of 2024, BC.GAME launched its native token, $BC, which now plays a central role across the platform—from in-game rewards and VIP incentives to governance and exclusive event access. Several community airdrops have been conducted to strengthen ties with users, ensuring that engagement is met with real value and participation.

Crypto Payment Support

BC.GAME supports payments in hundreds of cryptocurrencies, catering to players across the globe. On the technical front, the platform was among the earliest adopters of Bitcoin Lightning Network technology, significantly improving transaction speed and providing users with a lightning-fast payment experience.

Provably Fair Verification:

BC.GAME offers “Provably Fair” verification to ensure that every game result is both fair and verifiable. Leveraging blockchain technology, players can view and verify the generation process of each game round in real time on the betting page, ensuring that outcomes are free from human interference or manipulation.

Diverse Product Ecosystem: From Classic Slots to Innovative Poker

BC.GAME is committed to creating a vibrant and balanced product lineup that appeals to both traditional gamers and the next generation of Web3 users seeking innovation.

Over 8,000 Slot Games with Exclusive Launch Events

The platform currently offers over 8,000 slot titles, ranging from nostalgic classics to today’s hottest releases. BC.GAME has established deep partnerships with world-renowned iGaming providers like Pragmatic Play, PG Soft, Play’n GO, and NoLimit City, ensuring a constantly refreshed and diverse library.

BC.GAME frequently collaborates with these providers to launch exclusive campaigns for star titles and new releases. These include special airdrops, time-limited tournaments, and in-game missions tailored to BC.GAME players—enhancing both engagement and player enjoyment.

Immersive Sports Entertainment Experience

In the realm of sports betting, BC.GAME delivers real-time wagering on over 30 major sports categories—including football, basketball, tennis, and esports. From the FIFA World Cup to the NBA, UFC, and major esports events, players enjoy a variety of betting options paired with highly competitive odds.

In addition to traditional win/loss and spread bets, BC.GAME supports advanced betting features such as live handicaps, mid-match parlays, and combo bets. Real-time data feeds ensure up-to-date match information, and with Web3 integration, players can bet using various cryptocurrencies with enhanced privacy and settlement efficiency.

During major sporting events, BC.GAME also rolls out exclusive prize pools, token-reward challenges, and community competitions—offering a rich and engaging betting environment for sports enthusiasts.

Innovation-Driven BC Originals and Next-Gen Game Modes

BC.GAME is more than a gaming platform—it’s a driver of innovation in Web3 entertainment. Its in-house BC Originals series has become a fan favorite, known for smooth gameplay and fair mechanics. Titles like BC Crash and Limbo have earned strong followings within the community.

The newly launched BC Poker blends crypto elements with traditional poker mechanics, allowing players to create private rooms, team up with friends, and use on-chain assets as in-game chips—bridging social and financial gameplay.

BC.GAME has also introduced Crypto Trading game modes, enabling players to predict market trends across three fast-paced options: High-Low Spread, Up-Down, and Futures. These modes merge strategy and entertainment, pushing the boundaries between gaming and decentralized finance.

Growing with Players for a Better Future

Since its founding, BC.GAME has remained true to a community-driven philosophy, where players are not just users but co-creators of the ecosystem. From supporting crypto payments and building Provably Fair systems, to launching multiple $BC airdrops, the platform has grown hand-in-hand with its community.

“We firmly believe that a truly sustainable Web3 gaming platform must be co-built with its community,” said Jack, CEO of BC.GAME. “Moving forward, we will continue to enhance the user experience and community value by expanding the $BC ecosystem—creating a more open, transparent, and rewarding world where every player can find their own stage.”

About BC.GAME

BC.GAME is a leading Web3 entertainment platform that blends blockchain technology with immersive online gaming. Since its launch, BC.GAME has operated with a core focus on community-driven innovation and decentralization, delivering diverse and dynamic experiences to users around the globe.

Supporting hundreds of cryptocurrencies, the platform offers access to over 8,000 slot games, immersive sports betting, BC Originals titles, and more—secured by Provably Fair technology for guaranteed fairness.

With the launch of its native $BC token, BC.GAME is rapidly building a next-generation entertainment ecosystem rooted in transparency, openness, and creative collaboration.

 

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SOURCE BC.GAME

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Universal Robots introduces its fastest ever cobot to enable unprecedented performance in collaborative automation

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DETROIT, May 13, 2025 /PRNewswire/ — Universal Robots (UR), the world’s leading collaborative robot (cobot) company, has today presented the newest addition to its portfolio, the UR15, at Automate in Detroit. The new cobot is available for orders now with shipping to begin in June.

With unparalleled motion capability and a maximum TCP speed of 5 m/s, UR15 is the fastest ever UR cobot, enabling reduced cycle times, increased productivity and reduced costs across applications and industries. For pick-and-place applications, the UR15 delivers up to 30% cycle time improvements compared to other UR models. All the while retaining the unique UR trademarks of lightweight design and small footprint to deliver unmatched flexibility for integration in tight workspaces.

“For 20 years, we’ve pushed the boundaries of collaborative automation, making it easier, safer and more powerful for businesses around the world,” said Tero Tolonen, Chief Product Officer. “Today, we take another leap forward with the UR15, which is designed specifically to operate at higher speeds with the smoothest performance in robotics today. This makes it a seamless fit for diverse production environments and provides our vast ecosystem of partners with an opportunity to boost existing applications and to develop new, transformative solutions that will take collaborative automation to the next level.”

Combined with OptiMove, UR’s new motion control technology, those gains go even further, enhancing trajectory smoothness and ensuring consistently accurate movements – even in high-speed and high-payload applications.

Powered by PolyScope X, AI ready
UR15 runs with both PolyScope 5 and PolyScope X, UR’s industry-leading software platform, and is ready to be supercharged with AI to enable unmatched usability. The UR15 can easily be used with the UR AI Accelerator, UR’s toolkit for developing AI-powered applications. The UR AI Accelerator is developed in collaboration with NVIDIA using NVIDIA Isaac‘s™ CUDA-accelerated libraries and models and running on the NVIDIA Jetson AGX Orin™ system-on-module.

At the Automate show this week,  3D Infotech will demonstrate a turnkey quality inspection process with the UR15 and UR AI Accelerator demonstrating the potential of physical AI in the UR15. 

Designed for flexibility, efficiency and reliability
The UR15 has a payload of 15 kg (33 lbs) which can be increased to 17.5 kg (38.58 lbs) for applications with wrist-down orientation, such as palletizing. UR15 is a versatile cobot designed to empower multiple applications and industries – each with their own unique challenges where flexibility, efficiency and reliability are critical.

Three of these industries are:

Automotive, where space is tight, and flexibility is key. Here UR15’s small footprint and full work envelope delivers performance without compromising space or speed. Common automotive applications historically limited by the production speed of cobots – such as automated bin picking, machine tending and inspection – can now be significantly sped up while retaining the highest level of precision.Metal and machining, where environments can be harsh. The UR15 offers improved ingress protection, IP65, and high payload capability – combined with easy deployment.Electronics and tech, requiring precision and compact design. With cleanroom class excellence, compact form and exceptional motion control, UR15 is ready for high-speed pick and place and smooth integration with AMRs and AGVs.

Tero Tolonen, Chief Product Officer, added: “When designing our products we start with the needs of our widely diverse customer base. Each industry has a unique set of requirements which shape our approach to both our cobots and our ecosystem solutions. The UR15 will help customers to meet the challenges of today and seize the opportunities of tomorrow.”

A cobot for every need
UR15 joins the UR20 and UR30 in UR’s new high-performance series, the UR Series, designed for those who need higher payloads, advanced capabilities and certifications for demanding environments.

“We’ve also updated our trusted e-Series,” said Tero Tolonen, explaining how the UR5e gets a 2.5 kg (5.5 lbs) payload upgrade to unlock more potential in existing setups and that the UR10e, which already carries 12.5 kg (27.55 lbs), will be renamed. “And to better reflect their capabilities, we’re introducing new names: UR7e and UR12e. Same versatility and trusted performance, but clearer names and more power where it counts.”

In addition to UR7e and UR12e, the e-Series also consists of UR3e and UR16e.

UR15 is available for orders now with shipping to begin in June. UR7e and UR12e are ready for immediate delivery.

See image collection of UR15 here.

About Universal Robots   
Universal Robots is a global leader in collaborative robotics (cobots), used across a wide range of industries. Our mission is simple: Automation for anyone. Anywhere. With over 100,000 cobots sold worldwide, our user-friendly platform is supported by intuitive PolyScope software, award-winning training, comprehensive services, and the world’s largest cobot ecosystem, delivering innovation and choice to our customers.

Universal Robots is part of Teradyne Robotics, a division of Teradyne (NASDAQ:TER), a leading supplier of automatic test equipment and advanced robotics technology. For more information, please visit www.universal-robots.com.

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