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FIVE-STAR BUSINESS FINANCE LTDFIVE-STAR BUSINESS FINANCE LTDFIVE-STAR BUSINESS FINANCE LTD

FIVE-STAR BUSINESS FINANCE LTD

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FIVE-STAR BUSINESS FIN LTD(TRADE/INVESTMENT IDEA ON DAILY CHART)Results Snapshot: Five-Star Business Finance Ltd. Q2FY24 Quarterly Result Announced for Five-Star Business Finance Ltd. Non-banking Financial company Five-Star Business Finance announced Q2FY24 results: 1. Financial Performance: - AUM increased by 44% YoY and 9% QoQ, reaching Rs 8,264 crores. - Disbursements for the quarter amounted to Rs 1,204 crores, a 50% YoY growth, and Rs 2,336 crores for the half year, a 70% increase compared to the same period last year. - PAT for the quarter stood at Rs 199 crores, a 38% YoY rise, and Rs 383 crores for the half year, a 35% increase compared to the previous year. 2. Asset Quality: - Gross Stage 3 assets (NPA) stood at 1.35% of AUM, while net Stage 3 (NPA reduced by impairment allowance) was 0.68% of AUM. - NPA numbers decreased from the previous quarter, with 30 DPD reducing from 9.68% to 8.59% during the current quarter. 3. Operational Highlights: - Five-Star Business Finance added 70 branches during Q2FY2024, bringing the total branch network to 456. - Collection efficiency for the quarter was 100.3%, and improvements were seen across various DPD buckets. Commenting on the results, Lakshmipathy Deenadayalan, Chairman & Managing Director, Five-Star Business Finance, said, "Five Star continued to witness strong traction across business and disbursal demand and collections momentum. During the quarter, we disbursed Rs 1,204 Crores of loans as against Rs 1,132 Crores in the sequential quarter and also registered a disbursement growth of 50% on Y-o-Y basis. We added 70 branches during Q2FY2024, our highest ever branch additions in a quarter, resulting in a strong branch network of 456 branches, to deliver quality service to our customers. On the collections front, we saw a strong set of numbers, across the metrics of collections efficiency and 30 DPD. We had a collection efficiency of 100.3% for the quarter and improvement across the various DPD buckets. We saw a decrease in NPA numbers as compared to the previous quarter (1.35% in Q2FY24 vs 1.41% in Q1FY24), our 30 came down from 9.68% last quarter to 8.59% during the current quarter. We are very confident that the strong growth in disbursements and collection efficiencies pave the way for a strong trajectory across growth, quality and profitability. We continued to grow consistently and delivered an AUM growth of 44% Year on Year. PAT for Q2FY2024 has grown at 38% as compared to Q2FY2023 and our ROA and ROE stand as one of the best in the industry. SHAREHOLDINGS: Lakshmipathy D PROMOTER Hema PROMOTER Peak Xv Partners Investments V PROMOTER Matrix Partners India Investment Holdings Ii, Llc PROMOTER R Deenadayalan PROMOTER Tpg Asia Vii Sf Pte Ltd FII Sirius Ii Pte. Ltd. FII Norwest Venture Partners X - Mauritius FII Peak Xv Partners Growth Investments Iii FII Sequoia Capital Global Growth Fund Iii- Endurance FII Smallcap World Fund, Inc FII Government Pension Fund Global FII Fidelity Funds - India Focus Fund FII Atma Ram Builders Pvt Ltd PUBLIC Hdfc Trustee Company Limited - Hdfc Infrastructure DII 360 One Special Opportunities Fund - Series 9 DII. THATS ALL FOR NOW. N.B : I wanted to emphasize that the views I express are strictly personal and should not be construed as advice. It is crucial to consult with your financial advisor before making any trades or investment decisions. The complexity and unpredictability of financial markets underscore the importance of seeking professional guidance tailored to your individual financial circumstances and goals.
NSE:FIVESTARLong
by Subhrajit006
Fivestar For Swing TradingFivestar Prediction for Swing/ Posional Trading You can enter into trade above 800 or CMP Sls- according to you RRR. Targets- 835,885,940,995,1045,… (more will be updated later if need ) According to your “STOMACH” book your profit. Always maintain your risk management. Watch Carefully – The Chart Explains For Itself. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade. Happy trading. About Fivestar – Five-Star Business Finance Ltd. engages in the provision of financial services. It offers terms for business loans, housing loans, and commercial vehicles. The company was founded by V. K. Ranganathan on May 7, 1984 and is headquartered in Chennai, India.
NSE:FIVESTARLong
by suraranjanganguli
FIVESTAR - Long Setup, Move is ON.NSE:FIVESTAR ✅ #FIVESTAR trading above Resistance of 772 ✅ Next Resistance is at 938 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:FIVESTARLong
by Sandeep_Aggarwal
Triangle breakout in this finstockFivestar Business finance has been consolidating in a symmetrical triangle pattern from its listing in late 2022. The stock has given a breakout today with good volumes. 575 is a minor resistance above which stock can move up quickly. The immediate support for the stock is its previous swing low of around 525. 550-555 is a best buy level for a good risk reward with targets of 595, 620++. Note:- Idea is shared for educational purposes and should not be taken as a recommendation.
NSE:FIVESTARLong
by chartistamey