Star Housing reports net interest income of Rs1,797 lakh in FY22; stock hits new 52-week high

19 Apr 2022 , 01:34 PM

Star Housing Finance Limited’s counter hit a new 52-week high of Rs108.60 as the company has reported substantial growth in FY22 numbers to the investors. The company has reported an interest income of Rs1,797 lakh during FY22 as compared to Rs1,552.96 lakh during FY21, up by 15.71% yoy. Whereas total income during the year stood at Rs1,936.54 lakh as against Rs1,560.29 lakh during the previous financial year, up by 24.11% yoy.

The company’s PAT during the current financial year stood at Rs238.21 lakh as against Rs155.66 lakh during FY21, registering a growth of 55% yoy.

While its PBT for the FY22 is reported at Rs307.89 lakh as compared to Rs218.43 lakh in FY21, logging growth of 40.96% yoy.

The company further informed that disbursements during the year stood at Rs3,658 lakh. Its GNPA ratio was 2.99% and its NNPA ratio of 2.41% during the FY22.

The loan book outstanding as of March 31, 2022, was Rs10,409 lakh.

Star Housing’s stock is currently trading at Rs100.25, Rs1.50 or 1.52% higher against its previous close of Rs98.75.