Star Housing Finance Limited (Star HFL) has continued its momentum for the quarter ending Dec 31, 2021.
Total Income for the period ending 9 months to Dec 31, 2021 has increased 20.12% yoy to Rs13.75cr. Net Interest Income (NII) increased by 9.75% yoy to Rs 8.57cr. Loan book stands at Rs101.6cr as of Dec 31, 2021. The Company continues to invest in capacity creation that includes technology to enable hassle free loan processing, opening of physical branch offices and on boarding of quality manpower across business operations.
Total expenses for the year have increased by 57% yoy to Rs12.58cr. The PAT for the period of 9 months ending Dec 31, 2021 stands at Rs0.90cr with EPS at Rs0.57 per share. GNPA as of Dec 31, 2021 stands at 3.34% and NNPA stands at 2.83%. Write off for the period has been at Rs0.39cr
The period Apr-Dec 2021 saw Star HFL achieving several milestones as follows:
Our latest round of capital raise has seen participation by retail investors most of whom are well known professionals in BFSI space having subscribed to the Star HFL story in their personal capacity. Our partnership with Capital India Home Loans is live. Our network of 7 physical offices and 15 digital PoPs shall be utilized for this tie-up. Our AUM growth shall be augmented through this engagement. We look forward to continue to operate prudently and end the year at a high across business areas creating value for our stakeholdeRs”
At around 9:30 AM, Star Housing Finance was trading at Rs87.40 per piece lower by 2.29% on the BSE.
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