Mumbai | May 08, 2025: Star Housing Finance Limited (Star HFL), a BSE listed home finance
company (BSE Scrip code BOM: 539017) operational in low cost retail housing
finance space across multiple states has reported its annual financial results
exhibiting AUM growth and stable asset quality
For the twelve months
ending March 31, 2025, Star HFL posted total revenue of Rs. 94.96 crs,
a 54.06% y-o-y increase. Profit after tax (PAT) rose by 25% to Rs.
11.10 crs, compared to Rs. 8.88 crs in FY2023–24
During the fourth
quarter of FY2024–25, the company recorded total revenue of Rs. 27.89
crs and PAT of Rs. 2.93 crs, compared to Q4 FY2023–24
revenue of Rs. 19.34 crs and PAT of Rs. 2.74 crs
Assets under
management (AUM) grew to Rs.
520.70 crs as of March 31, 2025, up from Rs. 426.86 crs - a y-o-y
increase of 21.98%, driven by demand for affordable home loans in its
operational geographies
Business
Numbers: The Company disbursed
Rs. 148.60 crs in the financial year providing housing finance assistance to
more than 1250+ home buyers across its operational geographies of 30+ locations
across the states of Maharashtra, Madhya Pradesh, Gujarat, Rajasthan, Tamil
Nadu and NCR
Direct
Assignment: The financial year saw
first successful direct assignment being executed to the tune of Rs.55.83 crs
Income Growth: Interest income grew by 47.22% y-o-y during the
year. Net Interest Margin (NIM) stands at 7.69%
Profitability: Profit After Tax registered 25% y-o-y growth at
Rs.11.1 crs
Stable Asset
Quality: GNPA stands at 1.84%
and NNPA stands at 1.40% as of March 31, 2025
Liability Continues to
Scale: During the year, Star
HFL raised incremental liability of Rs. 145 crs from 2 banks and 6 FIs. Star
HFL has maintained strong relationships with its banking partners and is in the
process of building a strong pipeline to aid the loan book growth.
Capital Levels: Net-worth as of Mar 31, 2025 stands at
Rs. 143.87 cr. Leverage levels stand at 2.81x
Speaking on the
results, Mr. Kalpesh Dave, Director & CEO, said “Star HFL
has navigated a challenging year for mid and small institutions across the
retail lending space. The year saw tightening on the liquidity front and also
muted activity on the capital market space for such players. However, we have
continued to register incremental growth on the AUM front thanks to our strong
liability machinery and resultant disbursements. We have also been able to
successfully execute our first every direct assignment, which is a testament to
our underwriting capabilities. We have stayed put and focused on maintaining
asset quality, invested in strengthening network by addition of quality
manpower and continued to search fertile micro markets through the year. We
look ahead to FY’2025-26 with optimism and build the bearings across the
balance sheet that would enable scale up as envisaged”
About Star Housing
Finance Limited (Star HFL)
Star Housing Finance
Limited (Star HFL) is BSE listed retail housing finance company. The Company
has been operational in the low-cost housing finance space since inception.
Star HFL provides long term housing finance assistance to EWS/LIG families
towards purchase/construction of low-cost housing units (affordable housing) in
its operational geographies. Star HFL is a professionally run with a presence
across states of Maharashtra, Madhya Pradesh, Gujarat, Rajasthan, NCR and Tamil
Nadu. Star HFL is registered as a Primary Lending Institution (PLI) under the
Pradhan Mantri Awas Yojana (PMAY). Star HFL has its Registered & Corporate
Office in Mumbai, Maharashtra
For further details contact:
Dinesh Kirupalli
Star Housing Finance Ltd | Email: dinesh.kirupalli@starhfl.com