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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.

 

View original content:https://www.prnewswire.com/in/news-releases/indostar-capital-finance-core-vf–hfc-aum-grows-54-and-disbursements-71-yoy-302212019.html

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LCN Senior Swing first to utilize newly released Allegion Optimize mobile application

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Optimize unifies connected solutions, enabling better efficiency while managing, calibrating and troubleshooting devices throughout their life cycle.

CARMEL, Ind., Sept. 1, 2026 /PRNewswire/ — Allegion US, a leading provider of security solutions, technology and services, launched Allegion Optimize™, a mobile application created to unify and streamline management of select Allegion products within one easy-to-use tool built with customers’ needs in mind. The release coincides with the latest firmware update for the award-winning LCN Senior Swing Series Auto Operator, making it the first device to utilize Optimize. Key features allow installers and facility teams to calibrate, adjust, maintain and troubleshoot the LCN Senior Swing with just the app, resulting in greater efficiency, precision and safety.

Not your typical commissioning app

Optimize creates a single, unified experience that reduces time and friction in device commissioning, diagnostics and firmware updates across connected Allegion solutions via Bluetooth® connection. By providing support throughout the device’s life cycle, facility teams not only gain improved efficiency but better insight into the data and controls that help keep their openings running smoothly.

“Between 2018 and 2033, it’s predicted that up to 50 percent of the facility management workforce will retire,” said Emily Zentz, Allegion product manager, automatic operators. “As new facilities professionals step into the industry, it’s imperative that technology advances in line with their growing expectations. The Optimize app answers that call, positioning Allegion’s line of auto operators with a modern experience.”

LCN Senior Swing first to utilize Allegion Optimize

Setting adjustments, troubleshooting and calibration on the LCN Senior Swing is now even easier. In-app calibration, diagnostic tools, firmware updates and data management enable installers and facility teams to have a greater level of control over their buildings.

Once the LCN Senior Swing is installed, the installer can run the calibration cycle from the app. This allows them to be safely on the ground and watch the door more closely to determine whether further adjustments are needed. Users can fine tune the settings on the Optimize app without removing the cover on the Senior Swing or climbing a ladder. When troubleshooting, Optimize provides details for any error codes or notifications, so the user can quickly review, digest and act upon that information before engaging with technical support.

Device management with one seamless solution from Allegion

Allegion Optimize won’t stop with the LCN Senior Swing. It is designed to be the new unified device management mobile application that will simplify the commissioning, configuration and ongoing maintenance of future Allegion connected devices across multiple product categories. Plans to support additional auto operators and electronic locks will be announced later this year.

Allegion Optimize is available now in the Apple App Store® and Google Play™ store for use with LCN auto operators. Learn more about Optimize and the LCN Senior Swing at AllegionOptimize.com.

About Allegion 

At Allegion (NYSE: ALLE), we design and manufacture innovative security and access solutions that help keep people safe where they live, learn, work and connect. We’re pioneering safety with our strong legacy of brands like CISA®, Interflex®, LCN®, Schlage®, SimonsVoss®, Von Duprin®. Our comprehensive portfolio of hardware, software and electronic solutions is sold around the world and spans residential and commercial locks, door closer and exit devices, steel doors and frames, access control and workforce productivity systems. For more, visit www.allegion.com.

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SOURCE Allegion US

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In HelloNation, Breast Pump Expert Patty Gatter Explains Breast Pumps That Fit Busy and Unpredictable Schedules

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The article explains how flexible pumping solutions help parents balance breastfeeding with changing daily routines.

EMMAUS, Pa., Sept. 1, 2026 /PRNewswire/ — What is the best breast pump for a busy schedule? A HelloNation article features insights from Breast Pump Expert Patty Gatter of The Breastfeeding Shop in Emmaus, Pennsylvania, explaining how choosing a breast pump that fits changing routines can make breastfeeding easier to manage.

The article explains that becoming a parent often means adjusting to schedules that change from one day to the next. Meetings may run late, errands take longer than expected, and childcare responsibilities can interrupt carefully planned routines. Choosing a breast pump that supports flexibility instead of adding extra demands can help parents continue breastfeeding while balancing work, family responsibilities, and everyday life.

According to the article, a flexible breast pump is designed to fit into a variety of routines rather than requiring parents to stop everything for each pumping session. Whether pumping while working from home, during breaks at the office, or between appointments, equipment that adapts to changing schedules helps reduce stress and supports a more consistent breastfeeding routine.

The article also highlights the convenience of a wearable breast pump. Unlike traditional systems that often require parents to remain seated near an outlet, wearable options fit inside a nursing bra and provide greater freedom of movement. Parents may be able to answer emails, complete household tasks, prepare simple meals, or care for their baby while pumping, making it easier to use available time efficiently.

Portability is another important feature discussed in the article. A portable breast pump can be especially helpful for parents who commute, travel regularly, or spend much of the day away from home. Lightweight designs that fit easily into a diaper bag, work bag, or backpack make it easier to stay consistent with pumping regardless of where the day leads.

The article emphasizes that comfort should remain a priority when selecting a breast pump. Adjustable suction settings, proper flange sizing, and an easy-to-use design all contribute to a better pumping experience. Comfortable equipment often encourages more consistent pumping, which may better support ongoing breastfeeding goals.

Battery life and noise level are also important considerations covered in the article. Rechargeable batteries that last through multiple pumping sessions reduce the need for frequent charging, while quieter operation can provide additional privacy in workplaces and other shared environments. These practical features often become more valuable as parents settle into their daily routines.

Cleaning and maintenance are equally important. The article explains that wearable breast pumps and portable breast pumps with fewer individual parts may reduce the time spent washing and reassembling equipment after each use. Those small conveniences can make pumping feel more manageable for parents with demanding schedules.

The article also encourages parents to think about their long-term needs instead of focusing only on the first weeks after birth. Family routines often change as babies grow, work responsibilities evolve, and childcare arrangements develop. Choosing a breast pump that continues meeting those changing needs can provide lasting value throughout the breastfeeding journey.

The article concludes that there is no single breast pump that is right for every parent. Some families prioritize portability, while others place greater importance on comfort, quiet operation, or wearable convenience. Carefully considering personal routines, pumping frequency, and daily responsibilities helps narrow the available options and makes choosing a breast pump feel less overwhelming.

Breast Pumps That Fit Busy and Unpredictable Schedules features insights from Patty Gatter, Breast Pump Expert of Emmaus, Pennsylvania, in HelloNation.

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

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Lucid Bots Launches Power Tether, the Cleaning Drone Industry’s First Ground-Powered Continuous Flight System

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The launch comes as Lucid Bots’ connected fleet surpasses 8,760 cumulative flight hours — the equivalent of a full year in the air

CHARLOTTE, N.C., Sept. 1, 2026 /PRNewswire/ — Lucid Bots has announced the Power Tether, making it the first company to bring a ground-powered continuous-power system to commercial cleaning and spraying drones. The system supplies continuous external power to the Sherpa drone, reducing planned battery-change interruptions during longer cleaning and spraying operations. The announcement comes as Lucid Bots operators have recently recorded more than 8,760 cumulative flight hours; the equivalent of more than one full calendar year in the air.

Measured through telemetry data as of August 17, the milestone aggregates airborne time across 600+ Sherpa drones. It represents cumulative activity across the network, not a single continuous flight and not exclusively Power Tether-powered flight.

Conventional battery operations require the drone to land periodically so crews can swap packs, relaunch and reacquire position. The Power Tether shifts the primary power source to the ground: its air module mounts in the Sherpa drone’s battery bay, while a ground station connects to a compatible generator. The result is a longer, steadier work session with fewer planned interruptions and less need to schedule the job around battery cycles.

Adoption data reflects the shift. Among customers who have logged more than an hour on the Power Tether, more than 90% of their flight time now runs on tether power, with batteries used for the remaining 10%. That split is a signal that once crews have the system on hand, they default to it for the bulk of the job.

“Those hours belong to our customers. A year in the air is a year of everyday businesses generating revenue and doing dangerous work faster and more safely,” said Andrew Ashur, Founder and CEO of Lucid Bots. “Too much of robotics has lived in the promise of headlines. This is customers on job sites building real companies and creating real value. The Power Tether also ends the old battery debate that has dominated our industry. Once customers try it, the data shows they don’t go back to swapping packs. Crews stay focused on the building instead of the battery clock.”

— Andrew Ashur, Founder and CEO of Lucid Bots

The Power Tether installs in less than 15 minutes on compatible Sherpa drone systems. Firmware monitors power draw in real time and alerts operators as they approach operating limits. If generator power is lost, onboard battery backup supports the system’s automatic landing sequence.

In a continuous-flight test at Lucid Bots headquarters, a Power Tether-equipped Sherpa drone remained airborne for eight hours and 48 seconds on one generator connection with no battery swaps.

The Power Tether is designed for commercial building-maintenance work where longer flight sessions help crews maintain job momentum, including exterior facade, window, hotel, institutional and distribution-center applications.

Product specifications, operating requirements and purchasing information are available at lucidbots.com/products/power-tether.

About Lucid Bots

Lucid Bots is a Charlotte, NC-based drone hardware company and the manufacturer of the Sherpa Drone, a purpose-built platform for exterior cleaning and protection applications. Backed by Y Combinator and $34 million in funding, Lucid Bots serves a network of 400+ operators across more than 40 states and three continents. The Sherpa Drone is designed and built in the USA and a distinct NDAA-compliant configuration is available. Learn more at lucidbots.com.

Contact: Abigail Steinberg | asteinberg@lucidbots.com 

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