INDIASHLTR Q4 Results 2024
India Shelter released its Q4 Results 2024 on May 8th, after a board of directors meeting. In its report profit after tax has achieved 25% growth and an AA rating by India Rating and Research.
by Damodharan N
Updated May 09, 2024
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India Shelter Finance Corporation
India Shelter Finance Corporation was founded in 2010 in Rajasthan and is now headquartered in Gurugram. The main area of business was to give home loans and loans against the property.
The loans are primarily given to the low-income and middle-income segments who are building their first homes in tier-2 and tier-3 cities. The company has been growing since then, with its operating in 223 branches in 15 states across India.The company is slowly expanding its footprint in India with a compound aggregate growth rate (CAGR) of 48% from 2014 to 2024.
INDIASHLTR Q4 Results 2024
India Shelter released its Q4 results after the board of directors meeting that was held on May 8th. The company stated in its report that assets under management were 6.084 crores compared with the previous quarter of the same year; this has increased by 8%.
The profit after tax PAT was 78 crores compared with the previous quarter of the same year; this was increased by 25%. The company’s return on assets has grown by 0.3% compared with Q4 of FY23.
According to India Shelter Finance Corporation Managing Director and CEO, Mr. Rupinder Singh, “the company had a good year with strong financial performance and rapid footprint expansion for sustaining high growth. The company has expanded into 40 new branches in this financial year.”
India Shelter Finance Corporation has achieved the AA rating (stable) in the long term by India rating and research.
|
Particulars |
Q4FY24 |
Q4FY23 |
QoQ |
|
AUM (Rs. Crs) |
6,084 |
4,359 |
8% |
|
Disbursements |
747 |
603 |
10% |
|
Spread (%) |
6.1% |
6.0% |
0.1% |
|
Opex/AUM |
4.4% |
4.7% |
0.3% |
|
PAT |
78 |
53 |
25% |
|
RoA (%) |
5.4% |
5.1% |
0.3% |
|
Gross Stage 3 (%) |
1.0% |
1.1% |
0.1% |
|
Particulars (Rs. Cr.) |
Q4FY24 |
Q4FY23 |
YoY |
QoQ |
|
Interest Income on loans |
190.3 |
131.6 |
45% |
12% |
|
Net Gain on Direct Assignments |
17.0 |
20.9 |
-19% |
-15% |
|
Other Income |
37.2 |
24.6 |
51% |
27% |
|
Total Income |
244.4 |
177.2 |
38% |
12% |
|
Finance Cost |
74.2 |
55.5 |
34% |
1% |
|
Net Total Income |
170.2 |
121.7 |
40% |
18% |
|
Operating Expenses |
64.9 |
48.8 |
33% |
9% |
|
Pre-Provisioning Operating Profit |
105.3 |
72.9 |
44% |
24% |
|
Credit Cost |
5.6 |
4.7 |
21% |
37% |
|
Profit before Tax |
99.7 |
68.3 |
46% |
23% |
|
Tax Expense |
21.7 |
15.2 |
43% |
15% |
|
Profit after Tax |
77.9 |
53.1 |
47% |
25% |
|
Basic EPS |
7.3 |
6.1 |
- |
- |
|
Diluted EPS |
7.0 |
6.0 |
- |
- |
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INDIASHLTR Q4 Results 2024 - FAQs
1. When were the India Shelter Q4 reports released?
The India Shelter Q4 reports were released on May 8th.
2. What is the primary business of India Shelter?
The primary business is about giving loans to build homes and loans based on home.
3. What is profit after tax for Q4?
The profit after tax for Q4 is 78 crore, which is a 25% increase.
4. How much money is going to be raised through non-convertible debentures?
The company is going to raise Rs 1000 crore with non-convertible debentures.
5. How many new branches has the company opened in FY23–24?
The company has opened 40 branches in the financial year 23–24.
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