Five Star Business Finance shares jump 13% post Q2 results; profit up 7%

Shares of Five Star Business Finance surged almost 13% intraday to ₹610 on Wednesday (October 29), following the release of its September-quarter results.

At the time of writing this report, the stock was trading at ₹601, up ₹64.15 or 11.95%, compared with the previous close of ₹536.85 on the BSE.

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.

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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.

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