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What is the story about?
Shares of Five Star Business Finance surged nearly 12% to ₹603 apiece on Wednesday (October 29), following the release of its September-quarter results.
The non-banking financial company (NBFC) reported a 6.8% year-on-year rise in net profit to ₹286 crore, against ₹268 crore in the same quarter last year.
Net interest income (NII) grew 15% to ₹593 crore, up from ₹516 crore a year ago, driven by healthy disbursement growth and steady margins.
ALSO READ | NMDC Q2 Results: Margins expand from last year but miss expectations, topline beats
According to the company’s filings, total income stood at ₹791 crore, reflecting double-digit growth on a year-on-year basis.
Five Star Business Finance, which focuses on lending to small entrepreneurs and self-employed individuals, continues to see sustained demand in its core segments.
ALSO READ | NMDC Steel Q2 results: Shares tank despite narrowing of net loss, revenue doubling
The non-banking financial company (NBFC) reported a 6.8% year-on-year rise in net profit to ₹286 crore, against ₹268 crore in the same quarter last year.
Net interest income (NII) grew 15% to ₹593 crore, up from ₹516 crore a year ago, driven by healthy disbursement growth and steady margins.
ALSO READ | NMDC Q2 Results: Margins expand from last year but miss expectations, topline beats
According to the company’s filings, total income stood at ₹791 crore, reflecting double-digit growth on a year-on-year basis.
Five Star Business Finance, which focuses on lending to small entrepreneurs and self-employed individuals, continues to see sustained demand in its core segments.
ALSO READ | NMDC Steel Q2 results: Shares tank despite narrowing of net loss, revenue doubling
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