Another great set of numbers by Five-Star business finance. Should be a 1,000 cr + ttm PAT & 13,000 cr AUM company in a few quarters.
Good control on credit costs. Will have to monitor this as the book seasons. The 1 & 2 year lag GNPA are 2% & 2.62% respectively (with the new IRAC norms so optically slightly higher) Need to see these numbers trending lower going forward.
The optical drop in NIMs are more a function of increased leverage than anything else.
Disc: Invested, biased.
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