Connect with us

Technology

IndoStar Capital Finance Limited Q1FY27 Disbursements ₹ 1,235 crore up 44% vis-à-vis Q1FY26

Published

on

AUM as of June 2026, stood at ₹ 8,244 crore

MUMBAI, India, July 30, 2026 /PRNewswire/ — IndoStar Capital Finance, a retail focused, middle-layered non-banking finance company (NBFC) registered with the Reserve Bank of India, announced its financial results for the quarter ended June 30, 2026, earlier today.

IndoStar is focused on secured, high yielding lending across Used Vehicle Finance (VF) and Micro Loans Against Property (M-LAP), targeting the credit needs of underbanked, underserved and income-generating segments across tier 3, 4 & 5 markets.

Operational and Financial Highlights:

Disbursements stood at INR 1,235 crore during the quarter, registering a strong 44% growth over Q1 FY26.Asset under Management (AUM) increased to INR 8,244 crore, as of 30th June 2026, 6% growth over Q1 FY26.Net Interest Income stood at INR 219 crore, up 39% YoY, supported by improved portfolio yields and continued reduction in borrowing costs.Pre-provision operating profit (PPOP) stood at INR 93 crore, remaining stable as compared to the previous quarter. Profit after Tax (PAT) stood at INR 11 crore.The Company continued to strengthen its funding profile, with its weighted average cost of funds declining to 9.9% in Q1 FY27 from 10.7% in Q1 FY26, an improvement of 80 basis points. While incremental cost of fund stood at 9.1%.As of June 30, 2026, Gross Stage 3 assets stood at 4.84%, while Net Stage 3 assets were 2.48%.

Progress on strategic initiatives:

IndoStar continued to make progress on its key strategic priorities:

Credit Strengthening:Strengthened credit risk framework through enhanced underwriting, refined customer selection filters, proprietary scorecards and early warning systems.Digital Transformation:Continued to advance the digital lending journey through E-Application, E-NACH, E-Agreement and scorecard-based credit decisioning.Driving growth:Continued to scale the retail loan portfolio, supported by 3% QoQ growth in Vehicle Finance and 24% QoQ growth in Micro LAP.Branch Expansion:Expanded the branch network to 468 branches across 24 states and union territories, with the addition of 14 branches during the quarter.Leveraged the existing Vehicle Finance branch network to scale the Micro LAP business, expanding the Micro LAP network from 108 to 125 branches.

Key Performance Highlights (ICF Standalone):

Particulars (₹ in crore)

Q1 FY27

Q4 FY26

Q-o-Q %

Q1 FY26

Y-o-Y %

 Net Interest Income

219.5

214.7

2.2 %

158.0

38.9 %

 Operating expenses

129.4

121.5

6.5 %

139.3

-7.1 %

 Pre-provision operating profit

92.9

93.3

-0.4 %

18.9

391.5 %

 Profit/(loss) after tax

11.5

(424.0)

535.4

 CAR (%) Standalone

34.8 %

36.1 %

32.9 %

 Leverage (D/E)

1.5x

1.5x

1.7x

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 vehicle financing and secured loans to small business owners.

For more information, visit www.indostarcapital.com.

(BSE: 541336) (NSE: INDOSTAR) (ISIN: INE896L01010) (CIN: L65100MH2009PLC268160)

Safe Harbor

This document is to provide 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 do not guarantee 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-limited-q1fy27-disbursements–1-235-crore-up-44-vis-a-vis-q1fy26–302838800.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

AT&T to Participate in Upcoming Investor Conferences

Published

on

By

Company leadership to speak at September conferences held by Goldman Sachs, Citi, and Bank of America. Webcasts available live and for replay.

Key Takeaways:

AT&T to webcast fireside chat with John Stankey at the 2026 Goldman Sachs Communacopia + Technology Conference on Sept. 9.AT&T to webcast fireside chats with Pascal Desroches at Citi‘s 2026 Global TMT Conference and at the 2026 Bank of America Media, Communications and Entertainment Conference on Sept. 10.

DALLAS, Aug. 24, 2026 /CNW/ — AT&T (NYSE:T) leadership will participate in three upcoming investor relations conferences in September.

Upcoming investor conference schedule 

John Stankey, Chairman and CEO, AT&T, will speak at the 2026 Goldman Sachs Communacopia + Technology Conference on Wednesday, Sept. 9, 2026. The conversation is scheduled to begin at 4:05 p.m. ET.Pascal Desroches, chief financial officer, AT&T, will speak at Citi‘s 2026 Global TMT Conference on Thursday, Sept. 10, 2026, and will be joined by Melissa Arnoldi, executive vice president & GM, AT&T Business. The conversation is scheduled to begin at 9:30 a.m. ET.Pascal Desroches will also speak at the 2026 Bank of America Media, Communications and Entertainment Conference on Thursday, Sept. 10, 2026, and will be joined by Jenifer Robertson, executive vice president & GM, AT&T Consumer. The conversation is scheduled to begin at 2:00 p.m. ET.

Full conference details will be posted on the AT&T Investor Relations website once available. You will be able to tune into the webcasts live or via replay at investors.att.com. If joining live, it is recommended that you start the webcast a few minutes early in case of conference schedule changes. 

To automatically receive AT&T financial news by email, please subscribe to email alerts.

About AT&T  
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 150 years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.

© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.

View original content to download multimedia:https://www.prnewswire.com/news-releases/att-to-participate-in-upcoming-investor-conferences-302858683.html

SOURCE AT&T

Continue Reading

Technology

Plumbing Expert Joe Prestia Explains Why a Heating System May Stop Working During Cold Weather in HelloNation

Published

on

By

The article outlines how boiler, furnace, and thermostat issues can disrupt hot water and heat circulation in the home.

YORKTOWN, N.Y., Aug. 24, 2026 /PRNewswire/ — Why is the heating system not working when the house feels freezing? HelloNation has published the answer in an article featuring insights from Joe Prestia of Pipe Wizard in Yorktown, New York.

The HelloNation article explains that when a heating system fails, the cause is not always obvious. While many homeowners assume the thermostat is the problem, issues with a boiler, furnace, or circulating pipes may be preventing heat from reaching the home. Identifying the source early helps restore comfort and prevent more costly repairs.

The first step highlighted in the article is checking the thermostat. Ensuring it is set to heat, adjusted to the correct temperature, and receiving power can sometimes resolve the issue quickly. Homeowners are also encouraged to confirm that the heating system has not lost power at the breaker or emergency switch.

For homes with a boiler, low water pressure or trapped air can interrupt circulation. A boiler depends on proper pressure to move hot water through radiators or baseboard piping. Air pockets in pipes may block flow, causing uneven heating or cold rooms. Monitoring pressure levels and bleeding radiators are practical maintenance steps that support reliable performance.

Furnace-related issues are also discussed in the article. Dirty filters, faulty ignition components, or malfunctioning burners can prevent warm air from circulating effectively. Clogged filters restrict airflow, strain the furnace, and reduce efficiency. Routine maintenance and filter replacement help maintain steady heat and extend system life.

The article also notes that frozen pipes and blocked vents can reduce heating efficiency. In colder climates, water inside pipes may freeze, preventing proper circulation. Furniture or debris blocking vents can restrict airflow, making rooms feel colder than they should. Checking vents and ensuring clear airflow supports overall heating system performance.

Unusual noises such as banging, clanking, or whistling may signal deeper problems. These sounds can indicate mechanical failure, trapped air, or circulation pump issues within the boiler or furnace system. Ignoring these warning signs may lead to more serious breakdowns.

Professional inspection is presented as the most reliable way to diagnose heating system concerns. Technicians evaluate boilers, furnaces, thermostats, and pipes while measuring pressure and airflow. Early diagnosis prevents minor problems from escalating into emergency situations during extreme cold.

Preventive maintenance is emphasized throughout the HelloNation article. Replacing filters regularly, monitoring boiler pressure, checking the thermostat, and scheduling annual inspections all help maintain a dependable supply of hot water and warm air. Consistent maintenance improves efficiency and reduces the risk of unexpected failure.

The article concludes that heating issues can stem from multiple causes, including thermostat settings, low boiler pressure, clogged furnace components, frozen pipes, or circulation problems. By recognizing early warning signs and scheduling timely maintenance, homeowners can keep their heating system operating safely and efficiently throughout the coldest months.

Why Is My Heat Not Working? Help, My House is Freezing! Features insights from Joe Prestia, Plumbing Expert of Yorktown, New York, 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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/plumbing-expert-joe-prestia-explains-why-a-heating-system-may-stop-working-during-cold-weather-in-hellonation-302858701.html

SOURCE HelloNation

Continue Reading

Technology

Richard Preece Appointed to Jack Henry Board of Directors

Published

on

By

MONETT, Mo., Aug. 24, 2026 /PRNewswire/ — Jack Henry & Associates Inc.® (Nasdaq: JKHY) announced the appointment of Richard N. Preece to its Board of Directors, effective August 20, 2026. Preece joins the Board’s Human Capital & Compensation and Risk & Compliance committees.

Preece, 51, currently serves as Chief Executive Officer of Liminex, Inc., doing business as GoGuardian, the leader in education technology supporting more than 25 million students and 10,000 schools nationwide. Prior to joining GoGuardian in 2024, Preece was Chief Operating Officer at LegalZoom.com, Inc. from 2019 to 2024. He also held various management and leadership positions at Intuit Inc. from 2002 to 2019, including serving as U.S. General Manager for QuickBooks.

“We are very excited to welcome Rich to our Board of Directors,” said Board Chair Matt Flanigan. “Rich is an outstanding leader who brings extensive, practical experience driving business innovation and product development in financial services, along with a deep understanding of operations, risk management, and strategic priorities for technology companies.”

Jack Henry also announced that director Wes Brown will not stand for reelection at the Company’s November annual meeting in keeping with the Company’s retirement age policy. Brown, President of Bent St. Vrain & Company, LLC, a Denver-based bank consulting firm, has served on the Board since 2015 in addition to a prior term from 2005 to 2014.

“On behalf of the Board, I want to thank Wes for his tremendous service over these past many years,” Flanigan said. “Jack Henry has benefited immensely from Wes’ extensive expertise in many areas including finance, compliance, and banking, as well as his specialized insights into mergers and acquisitions. His legacy of Board service for Jack Henry will be a long and lasting one.”

About Jack Henry & Associates, Inc.®
Jack Henry® (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For 50 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower more than 7,200 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at www.jackhenry.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/richard-preece-appointed-to-jack-henry-board-of-directors-302858561.html

SOURCE Jack Henry & Associates, Inc.

Continue Reading

Trending