
Mr.Kalpesh Dave, Head, Corporate Strategy, Star HFL
REGISTER 545% Y-O-Y INCREASE IN PAT. NETWORTH CROSSES RS. 100 CRS. BONUS AND SUBDIVISION / SPLIT OF SHARES EFFECTED THEREBY REWARDING SHAREHOLDERS
New Delhi (India), January 26: STAR Housing Finance Limited (Star HFL), a BSE listed (BSE Scrip code BOM: 539017) rural home finance company has continued its growth momentum moving into the second half of FY2022-23. This is reflected in strong Q3 performance and resultant record financial results for 9M ending Dec 31, 2022. The board of directors of Star HFL have today approved these financial results and now Star HFL has entered the last quarter of the FY carrying the same momentum forward.
Operational and Financial Highlights:
Top Line Growth: Total income comprising of Interest Income and Other Income has registered 80% y-o-y growth for 9M ending Dec 31, 2022.
Bottom line growth: Star HFL has registered 545% y-o-y growth on PAT for 9M ending Dec 31, 2022 and is now well poised to generate meaningful ROA and ROE for shareholders as the book builds and income gets booked for the entire period from hereon.
Record Disbursement: Star HFL has disbursed Rs.100+ crs disbursement for the first time in a financial year with one more quarter to go by. The Company has registered 466% y-o-y growth in disbursements for 9M FY2023.
Geographical Presence: Star HFL has a diversified presence across western and southern India through 20 semi-urban / rural locations covering over 40 districts and staffed by 135+ employees with registered / corporate office in Mumbai.
Well Capitalised: Star HFL is now a Rs. 100 crs net-worth company. This milestone has been achieved with 3 rounds of successful capital raise over the last 12 business months. Reputed professionals from BFSI space, Capital Market space, FPI and Family Office have participated in its capital infusion journey and now are part of the ecosystem of 7000+ shareholders.
Bonus and Split effected: With 1:1 bonus and 1:2 split effected; the existing shareholders have been rewarded by this corporate action with an objective to create long-term & sustainable value for stakeholders.
ESOP I to be exercised: ESOP I scheme for eligible employees is now set to get exercised, a move aimed at creating ownership, accountability and value creation for employees post all necessary approvals.
Liability continues to scale-up: Star HFL has received credit lines from SBI, Sundaram HFL, MAS Rural, Maanaveeya Development Finance and ICICI Bank during Q3 and has strong funding pipeline through relationships with Banks and FIs to complement the AUM growth. Star HFL continues to have strong relationship with the National Housing Bank for refinance facilities.
Build-up of quality loan book –PAR has reduced from 19% in Mar 2022 to 7.10% as of Dec 2022. This has been achieved given implementation of a robust receivable management framework across operational centers. Live accounts are continuously monitored by the receivable management team and the BIU unit throws any exception that may arise in the overall health of the portfolio. Retail portfolio developed post Oct 2019 has 99%+ OTRR. Overall PAR shall get rationalized as the book gets build and monitored
* adjusted post bonus and split
Speaking on the performance of the Company, Mr. Ashish Jain, MD of Star HFL said, “Star HFL started its growth momentum from current FY and this has continued in each of the quarters. This growth is backed by robust processes and guidelines that anchor our day-to-day operations. Quality is of precedence for us, the fact evident in improvement in PAR, GNPA and NNPA metrics. We are now well set to culminate the year with same momentum and look forward to register strong business metrics for the entire year”
Speaking on the performance Mr. Kalpesh Dave, Head Corporate Planning and Strategy at Star HFL said, “Star HFL has built capacity for the scale up that we have seen in the current FY and continues to invest in branch infra, technology and domain for the next phase of growth in FY2023-24. Our strong capitalization levels and moderate leverage levels give us ample headroom to further strengthen liability and build AUM. Utilization of current capacity has resulted in strong bottom line as the unit cost operating metrics is slowly starting to build and the book is generating income for the operating period. We see ROA and ROE start getting build for the stakeholders as we grow profitably from hereon without losing focus on the asset quality.”
If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.
The post Star Housing Finance Limited Registers Robust Business Performance, Posts Strong Results For 9m Ending Dec 31, 2022 appeared first on City Lights.
anastrozole over the counter order generic arimidex buy anastrozole online cheap
buy naproxen 500mg without prescription naproxen 250mg cost prevacid for sale
order clarithromycin online cheap buy catapres 0.1 mg generic antivert usa
albuterol pill buy proventil 100 mcg pills order ciprofloxacin 1000mg online cheap
brand tiotropium bromide order generic tiotropium bromide 9mcg hytrin 1mg pills
purchase montelukast generic sildenafil 25mg for sale canadian viagra
order pioglitazone pills viagra 100mg canada purchase sildenafil pills
buy tadalafil 20mg for sale non prescription ed drugs buy cialis pills
buy generic tadalafil 20mg Brand name cialis black jack card game free
ivermectin canada avlosulfon 100mg usa buy dapsone generic
roulette free play for fun online casino real money usa best online blackjack real money
purchase nifedipine generic fexofenadine 120mg pill fexofenadine 120mg pill
play poker online free global poker online casino world
buy ramipril online cheap brand arcoxia etoricoxib ca
online casinos usa casino slot games custom research paper writing
doxycycline 100mg us buy albuterol online cheap cleocin 300mg without prescription
write my essay help buy leflunomide 20mg without prescription buy azulfidine
asacol cheap irbesartan 300mg usa avapro 300mg usa
benicar 20mg tablet divalproex 250mg price order divalproex 500mg
purchase temovate generic buy buspar 10mg generic order cordarone 100mg sale
order diamox 250mg generic oral acetazolamide 250mg imuran 50mg ca
purchase digoxin pills order molnupiravir 200 mg molnupiravir for sale
purchase carvedilol generic elavil order online amitriptyline 10mg for sale
buy amoxicillin 1000mg for sale generic stromectol 12mg ivermectin new zealand
buy fosamax 35mg pill motrin tablet order motrin 600mg online cheap
priligy online buy buy avanafil 100mg generic domperidone generic
order nortriptyline 25 mg generic panadol us paxil sale
indomethacin 75mg canada flomax 0.2mg for sale buy cenforce 50mg online cheap
pepcid 20mg price buy mirtazapine 30mg online mirtazapine pills
buy doxycycline 200mg pills buy doxycycline 100mg generic medrol 16 mg tablet
ropinirole order order rocaltrol 0.25 mg for sale labetalol 100 mg sale
buy tadacip 10mg without prescription buy trimox 500mg pills order amoxicillin 500mg generic
order fenofibrate 160mg generic order sildenafil 100mg for sale buy sildenafil sale
esomeprazole 40mg price clarithromycin 250mg without prescription furosemide 100mg oral
cialis 10mg brand sildenafil mail order buy viagra for sale
minocycline oral oral terazosin order terazosin 1mg online
buy generic tadalafil 5mg causes of ed herbal ed pills
glycomet 500mg generic cost glucophage 500mg buy tamoxifen pills
buy provigil 200mg generic purchase promethazine online cheap promethazine medication
order clomid generic clomiphene 50mg canada buy prednisolone 40mg pills
deltasone 10mg tablet buy deltasone 20mg pills amoxil pill
generic isotretinoin 20mg buy generic isotretinoin 20mg order ampicillin 500mg online
fildena 50mg sale proscar 1mg sale cost propecia
ivermectin 10 mg ed pills deltasone 5mg ca
buy ondansetron 8mg sale zofran buy online trimethoprim without prescription
accutane 20mg tablet accutane 40mg price buy zithromax 500mg generic
cost ventolin inhalator synthroid 150mcg without prescription order augmentin 625mg for sale
order prednisolone 20mg online gabapentin 800mg tablet buy lasix 40mg
You have somke reaⅼly good posts and I belіeve I would bе a gooⅾ asset. If yoᥙ ever wɑnt too take somе oof
tһe load off, Ι’d absolutеly love카지노사이트 tⲟ ѡrite sߋme c᧐ntent for your
blog in exchange for a link Ьack to mіne. Please send me an email іf іnterested. Tһank ʏou!
avodart online buy xenical generic orlistat online order
oral doxycycline 200mg vibra-tabs sale generic zovirax 800mg
buy imuran online order generic naproxen 500mg buy naprosyn 500mg online
buy ditropan without prescription order tacrolimus generic oral oxcarbazepine 300mg
buy cefdinir for sale pantoprazole 40mg uk buy protonix online
simvastatin sale cheap zocor order sildalis pill
buy generic dapsone 100mg tenormin order buy atenolol generic
order uroxatral 10 mg without prescription buy diltiazem 180mg diltiazem 180mg over the counter
purchase sildenafil without prescription buy cheap generic cialis order tadalafil 20mg sale
oral phenergan buy cheap generic cialis tadalafil 20mg price
buy cheap ezetimibe buy sumycin 500mg for sale methotrexate 5mg generic
buy levofloxacin 250mg for sale purchase levofloxacin order bupropion pills
buy generic medex over the counter order coumadin 5mg sale buy cheap generic zyloprim
cost zyrtec 5mg order strattera sale order sertraline 100mg pills
cenforce 100mg uk aralen ca metformin brand
order lexapro 10mg for sale cheap escitalopram 10mg buy revia 50 mg online
order lipitor pill buy sildenafil 100mg generic viagra 50 mg
brand letrozole 2.5mg sildenafil 25mg for sale buy viagra 50mg without prescription
cialis 20mg buy cialis 40mg pill erectile dysfunction medicines
order tadalafil 10mg order tadalafil 40mg sale cheap ed pills
ivermectin 6mg tablet for lice order stromectol 6mg online cheap accutane for sale
provigil 100mg cost oral deltasone 10mg prednisone buy online
order amoxil brand amoxil prednisolone 5mg usa
order accutane 20mg pills buy amoxil pills order azithromycin 500mg online
order neurontin 600mg pill buy gabapentin 600mg pill monodox over the counter
prednisolone 20mg for sale lasix 40mg drug order furosemide 40mg generic
ventolin 4mg usa levothroid medication cheap generic synthroid
order doxycycline pills order augmentin 375mg pills buy augmentin 375mg pill
buy tenormin 50mg pills methylprednisolone 8 mg without a doctor prescription order letrozole 2.5mg
order levoxyl without prescription serophene buy online levitra 20mg drug
buy generic glucophage online order atorvastatin 80mg online cheap buy norvasc 5mg for sale
order praziquantel 600mg generic periactin 4mg pills buy generic cyproheptadine
zestril 2.5mg uk prinivil over the counter order generic lopressor
buy lyrica generic buy lyrica 75mg generic order dapoxetine 90mg pill
purchase methotrexate sale order reglan 20mg generic reglan 10mg pill
buy xenical 60mg online brand zovirax 400mg generic zyloprim 100mg
losartan tablet topiramate 100mg brand buy generic topiramate over the counter
order rosuvastatin 10mg generic buy crestor pill buy motilium for sale
buy sumatriptan 25mg online cheap buy dutasteride medication avodart 0.5mg pill
buy generic sumycin over the counter buy sumycin for sale purchase ozobax without prescription
ketorolac without prescription buy colchicine sale buy inderal 20mg pills
buy ranitidine 150mg sale order celebrex 200mg for sale order celecoxib 100mg for sale
buy plavix buy generic ketoconazole over the counter brand ketoconazole 200 mg
buy flomax 0.4mg purchase spironolactone pills where can i buy aldactone
buy duloxetine 20mg generic order glipizide online buy nootropil online
cost betamethasone 20gm order clomipramine 50mg generic buy sporanox 100mg pill
combivent for sale buy generic linezolid over the counter order linezolid 600 mg pills
how to get prometrium without a prescription progesterone 200mg for sale zyprexa online
buy starlix 120mg without prescription nateglinide online order candesartan 8mg pills
purchase bystolic buy bystolic 5mg generic clozapine 100mg uk
oral zocor 10mg buy cheap generic valtrex viagra order online
order tegretol 200mg generic purchase ciplox cost lincomycin 500mg
order generic cialis 20mg Order viagra online overnight delivery for viagra
how to buy cefadroxil where can i buy lamivudine buy proscar for sale
buy diflucan 100mg online cheap buy ampicillin 250mg online cipro 500mg without prescription
order estrace 2mg online minipress 1mg brand minipress sale
purchase metronidazole buy keflex without prescription order keflex 250mg sale
During acclimatization, water is conserved through the action of aldosterone and ADH antidiuretic hormone generic cialis cost In part we would prefer to avoid procedures that may cause discomfort or risk serious adverse effects e
order generic mebendazole tadalis oral tadalafil over the counter
clindamycin usa fildena 50mg pill buy ed pills canada
buy avana 200mg without prescription buy voltaren without prescription order voltaren online
buy tamoxifen 10mg brand nolvadex 20mg buy ceftin tablets
indocin price suprax price purchase cefixime sale
cost careprost order desyrel 100mg pill desyrel us
amoxicillin 500mg generic arimidex pill where to buy biaxin without a prescription
clonidine 0.1 mg tablet purchase clonidine sale order tiotropium bromide generic
sildenafil oral purchase aurogra online cheap sildenafil 200mg
buy minocin 50mg for sale oral hytrin buy pioglitazone 15mg generic
order accutane without prescription buy amoxicillin online buy azithromycin tablets
buy azithromycin 250mg generic cost azithromycin generic neurontin 600mg
oral tadalafil 10mg sildenafil 100 mg order tadalafil 10mg pills
ivermectin 0.08 oral solution stromectol 12mg pill generic deltasone
lasix 40mg cheap albuterol 4mg brand best antihistamine for itchy skin
buy vardenafil 10mg buy tizanidine 2mg generic where can i buy plaquenil
buy altace 5mg generic buy glimepiride 1mg online arcoxia sale
levitra 10mg oral hydroxychloroquine 200mg pill order plaquenil 200mg sale
mesalamine 400mg us avapro cheap irbesartan 150mg generic
oral olmesartan 20mg oral olmesartan 20mg divalproex 250mg usa
clobetasol medication temovate drug order cordarone 200mg pill
diamox pill azathioprine drug brand azathioprine
order carvedilol for sale buy chloroquine pill order chloroquine 250mg pills