Five-Star Business Finance reported a 22.35 per cent rise in net profit to Rs 144.18 crore on a 17.29 per cent increase in total income to Rs 361.86 crore in the second quarter of FY23 over the second quarter of FY22. Profit before tax (PBT) hit a high at 25 per cent yearly to Rs 192.82 crore in Q2FY23.

Net Interest Income (NII) jumped 31 per cent to Rs 301 crore in the second quarter of FY23 compared to Rs 274.3 crore posted in the second quarter of FY22. Net Interest Margin stood at 18.20 per cent in the second quarter of FY23 as compared to 14.36 per cent recorded in the second quarter of FY22.

• United Spirits Gets Relief As FSSAI Revokes Two Orders
• Zydus Gets USFDA Nod For Ascorbic Acid Injection
• Puravankara Rises After Rs 175 Crore Chennai Hotel Order
• Zodiac Energy Gains After Winning UP Solar Plant Order
• Delhi Master Plan 2047 Notified With Major Overhaul

Net AUM growth was Rs 435.9 crore compared to Rs 59.9 crore in the second quarter of FY22. Disbursements stood at Rs 802.8 crore compared to Rs 353.3 crore in the second quarter of FY22. 

On 21 November 2022, Five-Star Business Finance shares debuted. The scrip was listed for Rs 449.95, representing a discount of 5.07 per cent compared to the initial public offer (IPO) price of Rs 474.

On the Bombay Stock Exchange (BSE), the scrip hit a high of 0.17 per cent to recent trade at Rs 501.70