Indostar Capital Finance Ltd Share Price – NSE  /  BSE

Finance, Small Cap

IndoStar Capital Finance will hold a meeting of the Board of Directors of the Company on 31 July 2024.

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IndoStar Capital Finance (IndoStar) today announced that its Board of Directors has recommended the appointment of Randhir Singh as Whole-Time Director designated as Executive Vice Chairman of the company. Randhir Singh was most recently Joint CEO of APAC Financial and brings 29 years of experience in Financial Services with leadership roles at Citibank, Deutsche Bank and Edelweiss Financial Services. Randhir will partner with the management team to deliver the growth strategy and drive value creation at Indostar.

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Net profit of Indostar Capital Finance declined 53.58% to Rs 35.26 crore in the quarter ended March 2024 as against Rs 75.96 crore during the previous quarter ended March 2023. Sales rose 66.35% to Rs 474.37 crore in the quarter ended March 2024 as against Rs 285.17 crore during the previous quarter ended March 2023.

For the full year,net profit declined 48.55% to Rs 115.84 crore in the year ended March 2024 as against Rs 225.15 crore during the previous year ended March 2023. Sales rose 18.62% to Rs 1392.98 crore in the year ended March 2024 as against Rs 1174.34 crore during the previous year ended March 2023.

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IndoStar Capital Finance will hold a meeting of the Board of Directors of the Company on 29 April 2024.

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