Indostar Capital Finance Q4FY24 result Update: Posted Rs. 35.26 crores consolidated PAT in Q4FY24. The NBFC is focused on lending to the used-CV segment in T3/T4 space and the Affordable Housing Space in T2/T4 cities. The business has been running down its legacy SME book and is completely focused on growing the Retail book (CV+ Housing). Asset quality improved drastically with the company continuing to sell the bad loan SME book. GNPA: 4.9% vs 8% YOY in FY24. The overall loan book grew at a tepid pace of 11% YOY in Q4. PAT fell 50% YOY. All this would continue to put pressure on the ROE number. The company has also started monetising its security receipts which it shall use to grow the CV and the HL book. Indostar Capital Finance is still in a rebuilding phase and will take some time to come in good shape. Thnaks Deepak 
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