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IndoStar Capital Finance consolidated PAT grows 28%, AUM 31% and Disbursements 36% YoY

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Q2 FY25 Quarter Performance:

Robust demand for used commercial vehicle (CV):

Vehicle finance (VF) AUM at ₹ 6,964 crore, up 10%, QOQ and 59% YoYVF Disbursements at ₹ 1,449 crore, up 53% from ₹ 948 crore in Q2FY24

Q2 FY25 Highlights (Consolidated):

AUM at ₹ 10,112 crore, up 6% from ₹ 9,565 crore in Q1 FY25 and up 31% YoY from Q2 FY24Disbursements of ₹ 1,724 crore, up 36% YoY from ₹ 1,269 crore in Q2 FY24

Q2 FY25 Highlights (Standalone – ICF):

AUM at ₹ 7,550 crore, up 5% from ₹ 7,170 crore in Q1 FY25VF AUM at ₹ 6,964 crore, up 10% from ₹ 6,323 crore in Q1 FY25 and up 59% YoY from Q2 FY24VF Disbursements at ₹ 1,449 crore, up 53% from ₹ 948 crore in Q2FY24Debt/Equity Ratio at 2.26xGross Stage 3 assets at 4.97% for Q2 FY25Net Stage 3 assets are at 2.50% for Q2 FY25Strong Capital Adequacy at 25.86%

Q2 FY25 Highlights (HFC – Subsidiary):

AUM at ₹ 2,562 crore, up 7% from ₹ 2,395 crore in Q1 FY25, and up 35% YoY from Q2 FY24Debt/Equity Ratio at 3.20x timesGross Stage 3 assets at 1.41% for Q2 FY25Net Stage 3 assets at 1.11% for Q2 FY25Strong Capital Adequacy at 55.68%, on a standalone basis

MUMBAI, India, Oct. 21, 2024 /PRNewswire/ — IndoStar (BSE: 541336) (NSE: INDOSTAR) (ISIN: INE896L01010) (CIN: L65100MH2009PLC268160), a middle-layered non-banking finance company (NBFC) registered with the Reserve Bank of India, announced its financial results for the quarter September 30th, 2024, earlier today.

The company AUM at ₹ 10,112 crore, is up 6% QoQ from ₹ 9,565 crore in Q1 FY25. At a consolidated level, the Company delivered a PAT of ₹32 crore for Q2 FY25.

Progress on key initiatives is detailed here:

Sale of IndoStar Home Finance to EQT: On September 19, 2024, IndoStar Capital Finance Limited (Indostar) announced the sale of its wholly owned subsidiary, IndoStar Home Finance Private Limited (IHFPL) to WITKOPEEND B.V., an affiliate of BPEA EQT Mid-Market Growth Partnership (‘EQT’), a global private equity investor, for ₹1,750 crore on a fully diluted basis. The transaction is subject to customary conditions precedent, including receipt of RBI approval, consent from lenders and shareholders’ approval.

Sale of Stressed Pool: On August 27, 2024, IndoStar sold a pool of assets from its legacy corporate loan book and Commercial Vehicle business worth ₹ 357 crore to Pridhvi Asset Reconstruction and Securitisation Company Limited (‘PARAS’).

Issue of Secured, Redeemable, Non-Convertible Debentures (NCD’s): During the quarter, the company raised ₹ 266 crore through its maiden public issue of Secured, Redeemable, Non-Convertible Debentures.

Rating upgraded by CRISIL to ‘Stable’: On September 9, 2024, the long-term rating of IndoStar Capital Finance Limited’s (ICFL’s) facilities and instruments was upgraded by ratings agency CRISIL, to ‘Stable’ from ‘Negative’ while reaffirming the rating at ‘CRISIL AA- and short-term rating of commercial paper is reaffirmed at ‘A1+’.

IndoStar Capital Finance Limited (‘ICFL’) (Standalone) Financial performance

ICFL delivered a PAT of ₹ 18 crore in Q2 FY25. The AUM for ICFL stands at ₹ 7,550 crore out of which the retail vehicle finance business is ₹ 6,964 crore. Disbursements during the quarter stood at ₹ 1,462 crore, up 40% from ₹ 1,048 crore in Q2 FY24. With a focus on collections through the quarter, Gross Stage 3 remains flat at 4.97% in Q2 FY25; Net Stage 3 stood at 2.50%. The company maintained a strong Capital Adequacy Ratio (CAR) of 25.86% on a standalone basis. Debt equity ratio stood at 2.26x.

IndoStar Home Finance Private Limited (‘IHFPL’) Financial Performance

IHFPL delivered a PAT of ₹ 14 crore in Q2 FY25 aided by AUM growth and securitization transactions. The AUM in IHFPL stands at ₹ 2,562 crore in Q2 FY25, up 35% from ₹ 1,894 crore in Q2 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 1.41%. IHFPL has a Capital Adequacy Ratio (CAR) of 55.68%.

Key Performance Highlights (ICF Standalone):

Particulars (₹ in crore)

Q2FY25

Q1FY25

Q-o-Q %

Q2FY24

YoY %

Net Revenue from operations

166

144

15 %

104

60 %

Operating expenses

(129)

(112)

15 %

(94)

37 %

Pre-provision operating profit

37

32

16 %

9

311 %

Profit after tax

18

11

64 %

11

64 %

CAR (%) Standalone

25.9 %

27.7 %

33.1 %

Leverage (D/E)

2.7x

2.3x

1.8x

 

Key Performance Highlights (HFC Standalone):

Particulars (₹ in crore)

Q2FY25

Q1FY25

Q-o-Q %

Q2FY24

YoY %

Net Revenue from operations

54

49

10 %

55

(2 %)

Operating expenses

(33)

(28)

18 %

(34)

(3 %)

Pre-provision operating profit

21

21

0 %

20

5 %

Profit after tax

14

14

0 %

15

(7 %)

CAR (%) Standalone

55.7 %

56.2 %

70.8 %

Leverage (D/E)

3.2x

2.6x

1.5x

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.

For further information, please connect with us:
Public Relations: Concept PR
Archana Parthasarathy / Huda Qureshi
Email Id: archana@conceptpr.com / huda@conceptpr.com
Tel: +91 99209 40003 / +91 77108 23343 

View original content:https://www.prnewswire.com/in/news-releases/indostar-capital-finance-consolidated-pat-grows-28-aum-31-and-disbursements-36-yoy-302281608.html

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Honoring Dr. J. Craig Venter’s Legacy, Human Longevity Launches Clinical-Grade $599 Whole Genome Sequencing Report with AI-Enhanced Insights for Proactive Disease Prevention

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SOUTH SAN FRANCISCO, Calif., May 11, 2026 /PRNewswire/ — Human Longevity, Inc. today announced the launch of its new Clinical-Grade $599 Whole Genome Sequencing Report, designed to bring advanced genomic medicine and AI-driven disease prevention to the general population.

Despite major advances in medicine, most diseases today are still identified only after symptoms appear — often limiting opportunities for earlier intervention and prevention. While genomic sequencing has generated vast amounts of biological data, one of healthcare’s biggest challenges has been translating that data into actionable health insights at scale.

Human Longevity’s new offering honors the legacy of Dr. J. Craig Venter, whose pioneering work helped decode the first human genome and transform modern medicine.

More than two decades ago, the Human Genome Project required over $3 billion and years of international effort to decode a single human genome. Today, Human Longevity is making a clinical grade genome sequencing broadly accessible with a comprehensive AI-enhanced genomic insight platform for just $599.

Dr. Venter long predicted that the human genome would play an increasingly important role in managing individual health and preventing disease. In recent years, a growing body of global scientific research has continued to validate this vision, demonstrating that genomics is becoming a foundational tool for predicting disease risk, guiding prevention strategies, and enabling more personalized healthcare.

“Dr. Venter believed that genomics would fundamentally transform medicine from reactive sick care to a proactive healthcare model,” said Wei-Wu He, Ph.D. Executive Chairman of Human Longevity Inc. “A decade ago, he founded Human Longevity to combine whole genome sequencing with advanced imaging, including Whole Body MRI, multi-omics data, longitudinal health data and AI, to help people live longer, healthier lives. We are proud to continue that mission by democratizing access to decades of work led by Human Longevity.”

Over the last decade, Human Longevity has invested more than $600 million building one of the world’s most comprehensive longitudinal health datasets. The company has collected and analyzed data from more than 10,000 individuals over a 10-year period, enabling the development of proprietary AI-driven insights focused on major age-related chronic diseases such as cardiovascular disease, cancer, and dementia.

The new Clinical-Grade Whole Genome Sequencing Insight Report is designed to provide individuals with actionable insights into inherited disease risks, carrier status, pharmacogenomics, longevity-associated traits, and personalized disease prevention opportunities.

“Our vision is simple,” added Dr. He. “Every individual should have access to their genome and AI-powered health insights. The genome is the foundation of modern preventive medicine.”

The new service will be available nationwide immediately through Human Longevity’s website.

For more information, visit:

Human Longevity Website

About Human Longevity, Inc.

Founded in 2013, Human Longevity, Inc. is a biotechnology company at the forefront of integrating genomics, artificial intelligence, and multimodal diagnostics to extend human healthspan founded by genomics pioneer J. Craig Venter. HLI delivers comprehensive, data-driven evaluations designed to identify and mitigate disease risk long before symptoms arise. The company is committed to redefining healthcare through AI-driven proactive diagnostics and personalized preventive care.

To learn more, visit http://www.humanlongevity.com/.

Media Contact:
media@humanlongevity.com
www.humanlongevity.com

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SOURCE Human Longevity, Inc.

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DocuPet Launches AnimalsFirst Integration to Increase Pet Protection Nationwide

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SYRACUSE, N.Y., May 11, 2026 /PRNewswire/ — DocuPet is proud to announce a new strategic partnership with AnimalsFirst, marking the official launch of an integrated solution designed to connect animal welfare organizations directly with DocuPet’s National Pet Registry. This collaboration represents a significant milestone in DocuPet’s long-term vision to streamline shelter operations while expanding pet registration across North America.

For several years, DocuPet has invested in building a flexible, scalable software infrastructure capable of supporting integrations with leading shelter management systems. With the continued growth of the National Pet Registry and the National Animal Shelter Network (NASN), DocuPet is now positioned to activate these capabilities AnimalsFirst offers a highly customizable shelter management platform that supports adoptions, foster coordination, medical tracking, and field services for approximately 120 animal welfare organizations. Through this partnership, shelter partners using AnimalsFirst will be able to directly register adopters and their pets into the National Pet Registry through a streamlined backend integration.

Expanding Protection Through the National Pet Registry

At the core of this partnership is a shared commitment to increasing the number of pets enrolled in DocuPet’s National Pet Registry. Registration is a critical step in protecting pets, ensuring that accurate, up-to-date ownership information is readily accessible when a lost animal is found.

DocuPet’s HomeSafe® service plays a vital role in this effort. Each registered pet receives a free tag with a unique code linked to its secure online profile. When a lost pet is found, anyone can use the information on the tag to quickly initiate the reunification process. This immediate connection dramatically improves return-to-home rates and reduces the time pets spend in shelters.

Getting visible identification tags on pets is one of the simplest yet most effective ways to keep animals safe, and the success is multiplied when using DocuPet tags that offer superior reunification benefits. By increasing registration at the point of adoption and throughout the community, DocuPet and its partners are helping ensure more pets have the protection they need.

“We are thrilled to partner with AnimalsFirst and to be able to offer our registration program to shelters and pet owners utilizing their platform,” said Jackie Rose, CSO of DocuPet. “This enhanced and streamlined process will allow pet owners to easily register to receive the protection benefits of having a free pet identification tag, connected to our 24/7 lost pet recovery system.” 

Strengthening the Animal Welfare Ecosystem

This integration supports a broader, interconnected animal welfare ecosystem that includes pet owners, shelters, and animal control agencies. For pet owners, it provides peace of mind and an easy way to safeguard their animals. For shelters, it helps reduce overcrowding and administrative burden by increasing successful reunifications. For animal control officers, it offers a fast, reliable method to identify and return lost pets in the field.

By embedding registration opportunities directly into shelter workflows, DocuPet and AnimalsFirst are helping create a more proactive, efficient system; one that prioritizes prevention, accelerates reunification, and ultimately improves outcomes for animals and the communities that care for them.

This partnership underscores DocuPet’s commitment to leveraging technology to support animal welfare organizations, reduce administrative burden, and ensure more pets are protected through reliable identification and recovery services.

About DocuPet
DocuPet is the largest and fastest-growing pet registration and reunification platform in North America, providing official pet licensing services to more than 300 jurisdictions. DocuPet provides free lost pet services through HomeSafe®, and a unique product offering with an AI-powered pet tracker, designer pet tags, and other pet products/services. DocuPet is transforming how communities support animal welfare through inventive thinking and pioneering technology.

About AnimalsFirst
AnimalsFirst is a customizable shelter management software platform designed to support the operational needs of animal welfare organizations, including adoption management, foster coordination, medical tracking, and field services.

For more information, visit https://partnerships.docupet.com

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SOURCE DocuPet

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Boundary Labs Announces $2M Pre-Seed Led by Galaxy Ventures to Launch Verifiable Institutional Stablecoin, USBD

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The current stablecoin landscape often forces institutions to rely on trust in opaque centralized models, off-chain systems, and reserves. Boundary is solving this by introducing a protocol where verifiability is the core product feature.

NEW YORK, May 11, 2026 /PRNewswire/ — Boundary today announced the closing of a $2M USD pre-seed funding round led by Galaxy Ventures. Joining the round are a cohort of leading institutional finance partners and angels, including VCs BlackWood and FirstBlock Capital. The capital will accelerate the launch of USBD, a novel stablecoin protocol engineered specifically for financial and blockchain institutions and approved participants who require a new standard of on-chain verifiability in the >$300B stablecoin market.

“Trust but verify” is a phrase core to the on-chain industry as it champions a critical principle where institutions and retail should not just trust but also verify that what a protocol says and offers is real. Without real verifiable, there is no real trust. This is paramount to the industry’s security, stability, and scalability. However, the current stablecoin landscape often forces institutions to rely on trust rather than working with immediately verifiable products and reserves.

Boundary is solving this by introducing a protocol where verifiability is the core product feature. By providing institutional counterparties with clear technical documentation and a framework for verifiability of reserves and stablecoin performance, Boundary allows institutions to move on-chain with the certainty required for large-scale institutional stablecoin use cases like treasury management, regulated wrappers, and on-chain collateral.

The Boundary Protocol introduces a sophisticated structure designed for institutional compliance and operational clarity:

On-chain Verifiability: Unlike first generation stablecoins, USBD is built for continuous auditability of financial fundamentals, providing institutions with the data-driven confidence needed for professional participation and fiduciary products.Institutional-Only Onboarding: Access will be facilitated through a dedicated dApp designed for rigorous KYC and KYB workflows, ensuring only qualifying institutional participants enter the ecosystem in the institutional growth phase.Strategic Ecosystem Support: As a participant in several institutional partnerships, soon to be announced, and having completed a security audit by Cyfrin, Boundary has quickly positioned itself as the project with the leading technology to ensure protocol integrity.

“Boundary represents a proposition that speaks the language of institutional finance,” said Matthew Mezger, Co-Founder of Boundary. “By prioritizing verifiability and partnering with Galaxy Ventures, we are providing the professional-grade infrastructure necessary to reach our initial milestone of $100M in Total Value Locked (TVL) in 2026”.

Following today’s announcement, and building on a successful proof-of-concept for the protocol’s self-funding capability through derisked decentralized market participation, Boundary will initiate a Private Placement Campaign to onboard initial institutional partners.

“Institutional adoption of stablecoins is not only well underway but already proving its value in real-world use cases. With a long runway of growth still ahead, unlocking the full potential of stablecoins requires infrastructure that is not just secure, but inherently verifiable,” said Danny Slutsky, Investor at Galaxy Ventures. “Boundary’s focus on professional participants and its goal to bridge the gap between traditional finance and blockchain makes it a promising player in growing the stablecoin market.”

About Boundary: Boundary Labs is mandated by the Boundary Foundation and Boundary OpCo to lead the design, development, and commercial representation of the Boundary project. Based in New York City, the firm provides financial institutions and professional participants with secure, verifiable access to the USBD stablecoin and the broader Boundary Protocol ecosystem. For more information, visit https://boundary.finance/.

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SOURCE Boundary Labs International, Inc.

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