Star Housing FY25 Reports 22% AUM, 54% Revenue, 25% PAT Growth YoY

08 May 2025 CW Team

For the twelve months ending March 31, 2025, Star HFL posted total revenue of Rs 940.96 million, a 54.06 per cent Y-o-Y increase. Profit after tax (PAT) rose by 25 per cent to Rs 110.10 million, compared to Rs 80.88 million in FY2023–24 .

During the fourth quarter of FY2024–25, the company recorded total revenue of Rs 270.89 million and PAT of Rs 20.93 million, compared to Q4 FY2023–24 revenue of Rs 190.34 million and PAT of Rs 20.74 million.

Assets under management (AUM) grew to Rs 5.20 billion as of March 31, 2025, up from Rs 4.26 billion - a y-o-y increase of 21.98 per cent, driven by demand for affordable home loans in its operational geographies .

Business Numbers: The Company disbursed Rs 1.48 billion in the financial year providing housing finance assistance to more than 1250+ home buyers across its operational geographies of 30+ locations across the states of Maharashtra, Madhya Pradesh, Gujarat, Rajasthan, Tamil Nadu and NCR .

Direct Assignment: The financial year saw first successful direct assignment being executed to the tune of Rs 550.83 million. Income Growth: Interest income grew by 47.22 per cent y-o-y during the year. Net Interest Margin (NIM) stands at 7.69 per cent. Profitability: Profit After Tax registered 25 per cent y-o-y growth at Rs 110.1 million.

Stable Asset Quality: GNPA stands at 1.84 per cent and NNPA stands at 1.40 per cent as of March 31, 2025

Liability Continues to Scale: During the year, Star HFL raised incremental liability of Rs 1.45 billion from 2 banks and 6 FIs. Star HFL has maintained strong relationships with its banking partners and is in the process of building a strong pipeline to aid the loan book growth.

Capital Levels: Net-worth as of Mar 31, 2025 stands at Rs 1.43 billion. Leverage levels stand at 2.81x

Speaking on the results, Kalpesh Dave, Director & CEO said “Star HFL has navigated a challenging year for mid and small institutions across the retail lending space. The year saw tightening on the liquidity front and also muted activity on the capital market space for such players. However, we have continued to register incremental growth on the AUM front thanks to our strong liability machinery and resultant disbursements. We have also been able to successfully execute our first every direct assignment, which is a testament to our underwriting capabilities. We have stayed put and focused on maintaining asset quality, invested in strengthening network by addition of quality manpower and continued to search fertile micro markets through the year. We look ahead to FY’2025-26 with optimism and build the bearings across the balance sheet that would enable scale up as envisaged”

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Star Housing Finance (Star HFL), a BSE listed home finance company operational in low cost retail housing finance space across multiple states has reported its annual financial results exhibiting AUM growth and stable asset quality . For the twelve months ending March 31, 2025, Star HFL posted total revenue of Rs 940.96 million, a 54.06 per cent Y-o-Y increase. Profit after tax (PAT) rose by 25 per cent to Rs 110.10 million, compared to Rs 80.88 million in FY2023–24 . During the fourth quarter of FY2024–25, the company recorded total revenue of Rs 270.89 million and PAT of Rs 20.93 million, compared to Q4 FY2023–24 revenue of Rs 190.34 million and PAT of Rs 20.74 million. Assets under management (AUM) grew to Rs 5.20 billion as of March 31, 2025, up from Rs 4.26 billion - a y-o-y increase of 21.98 per cent, driven by demand for affordable home loans in its operational geographies . Business Numbers: The Company disbursed Rs 1.48 billion in the financial year providing housing finance assistance to more than 1250+ home buyers across its operational geographies of 30+ locations across the states of Maharashtra, Madhya Pradesh, Gujarat, Rajasthan, Tamil Nadu and NCR . Direct Assignment: The financial year saw first successful direct assignment being executed to the tune of Rs 550.83 million. Income Growth: Interest income grew by 47.22 per cent y-o-y during the year. Net Interest Margin (NIM) stands at 7.69 per cent. Profitability: Profit After Tax registered 25 per cent y-o-y growth at Rs 110.1 million. Stable Asset Quality: GNPA stands at 1.84 per cent and NNPA stands at 1.40 per cent as of March 31, 2025 Liability Continues to Scale: During the year, Star HFL raised incremental liability of Rs 1.45 billion from 2 banks and 6 FIs. Star HFL has maintained strong relationships with its banking partners and is in the process of building a strong pipeline to aid the loan book growth. Capital Levels: Net-worth as of Mar 31, 2025 stands at Rs 1.43 billion. Leverage levels stand at 2.81x Speaking on the results, Kalpesh Dave, Director & CEO said “Star HFL has navigated a challenging year for mid and small institutions across the retail lending space. The year saw tightening on the liquidity front and also muted activity on the capital market space for such players. However, we have continued to register incremental growth on the AUM front thanks to our strong liability machinery and resultant disbursements. We have also been able to successfully execute our first every direct assignment, which is a testament to our underwriting capabilities. We have stayed put and focused on maintaining asset quality, invested in strengthening network by addition of quality manpower and continued to search fertile micro markets through the year. We look ahead to FY’2025-26 with optimism and build the bearings across the balance sheet that would enable scale up as envisaged”

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