5413362025-07-012025-09-305413362025-09-305413362025-03-315413362025-04-012025-09-305413362025-07-012025-09-30in-capmkt:OtherExpenses1Member5413362025-04-012025-09-30in-capmkt:OtherExpenses1Member5413362025-07-012025-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15413362025-04-012025-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15413362025-07-012025-09-30ItemsThatWillBeReclassifiedToProfitAndLoss15413362025-04-012025-09-30ItemsThatWillBeReclassifiedToProfitAndLoss15413362025-07-012025-09-30RelatedPartyTransactionDomain15413362025-06-30RelatedPartyTransactionDomain15413362025-09-30RelatedPartyTransactionDomain15413362025-07-012025-09-30RelatedPartyTransactionDomain25413362025-06-30RelatedPartyTransactionDomain25413362025-09-30RelatedPartyTransactionDomain25413362025-07-012025-09-30RelatedPartyTransactionDomain35413362025-06-30RelatedPartyTransactionDomain35413362025-09-30RelatedPartyTransactionDomain35413362025-07-012025-09-30RelatedPartyTransactionDomain45413362025-06-30RelatedPartyTransactionDomain45413362025-09-30RelatedPartyTransactionDomain45413362025-07-012025-09-30RelatedPartyTransactionDomain55413362025-06-30RelatedPartyTransactionDomain55413362025-09-30RelatedPartyTransactionDomain55413362025-07-012025-09-30RelatedPartyTransactionDomain65413362025-06-30RelatedPartyTransactionDomain65413362025-09-30RelatedPartyTransactionDomain65413362025-07-012025-09-30RelatedPartyTransactionDomain75413362025-06-30RelatedPartyTransactionDomain75413362025-09-30RelatedPartyTransactionDomain75413362025-07-012025-09-30RelatedPartyTransactionDomain85413362025-06-30RelatedPartyTransactionDomain85413362025-09-30RelatedPartyTransactionDomain85413362025-07-012025-09-30RelatedPartyTransactionDomain95413362025-06-30RelatedPartyTransactionDomain95413362025-09-30RelatedPartyTransactionDomain95413362025-07-012025-09-30RelatedPartyTransactionDomain105413362025-06-30RelatedPartyTransactionDomain105413362025-09-30RelatedPartyTransactionDomain105413362025-07-012025-09-30RelatedPartyTransactionDomain115413362025-06-30RelatedPartyTransactionDomain115413362025-09-30RelatedPartyTransactionDomain115413362025-09-30Statement15413362025-07-012025-09-30Statement15413362025-09-30Statement25413362025-07-012025-09-30Statement2iso4217:INRxbrli:pureiso4217:INRxbrli:shares541336INDOSTARNOTLISTEDINE896L01010Indostar Capital Finance LimitedMain BoardEquity2025-04-012026-03-312025-10-302025-10-23INRLakhsQuarterlySecond quarterSingle segmentFinancial & Investing Activities2025-10-3014:00:002025-10-3016:00:00trueCash Flow IndirectNot applicabletruetrueNANAtruetruetrue2025-01-20https://www.indostarcapital.com/investors-corner/#investor-relationstrue2falseNA2025-07-012025-09-30UnauditedStandalone3171700000002872000001060000000003564900000290000035678000000008078000001666700000766000000005864000003256000003463100000104700000010470000000010470000000001047000002000001049000001367100000100.770.74000.770.740.01433. The financial results of IndoStar Capital Finance Limited ("ICFL" or "the Company") have been prepared in accordance with Indian Accounting Standards ("Ind AS") notified under Section 133 of the Companies Act 2013 ("the Act") read with the Companies (Indian Accounting Standard) Rules, 2015, amended from time to time, the Reserve Bank of India (“RBI”) guideline and other accounting principal generally accepted in India in compliance with Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended and have been reviewed by the Audit Committee and subsequently approved at the meeting of the Board of Directors held on 30 October 2025. The statutory auditors have conducted limited review and issued an unmodified conclusion on the standalone financial results for the quarter and half year ended 30 September 2025. <BR> <BR> 4. The Secured Listed Non-Convertible Debentures of the Company as on 30 September 2025 are secured by first pari-passu charge on standard receivables and / or cash / cash equivalent and / or such other asset as mentioned in the respective offer documents. The total asset cover required for secured listed non-convertible debentures has been maintained as per the terms and conditions stated in the respective offer documents. <BR> <BR> 5. Disclosure pursuant to RBI Notification - RBI/DOR/2021-22/86/DOR.STR.REC.51/21.04.048/2021-22 dated 24 September 2021, as amended, on "Transfer of Loan Exposures" are given below: <BR> a. Details of stressed loans transferred during the period half year ended 30 September 2025 <BR> To Asset Reconstruction Companies (ARC) <BR> NPA : <BR> 'Number of accounts - 1838 <BR> 'Aggregate principal outstanding of loans transferred* - 11,887 <BR> 'Weighted average residual tenor of the loans transferred (in months) - 28 <BR> 'Net book value of loans transferred (at the time of transfer) - 7,313 <BR> Aggregate consideration – 10,936 <BR> Additional consideration realized in respect of accounts transferred in earlier years - Nil <BR> Recovery Rating - Unrated <BR> SMA : <BR> 'Number of accounts - 1,893 <BR> 'Aggregate principal outstanding of loans transferred* - 12,059 <BR> 'Weighted average residual tenor of the loans transferred (in months) - 31 <BR> 'Net book value of loans transferred (at the time of transfer) - 11,780 <BR> Aggregate consideration – 11,094 <BR> Additional consideration realized in respect of accounts transferred in earlier years – Nil <BR> Recovery Rating - Unrated <BR> *excluding technical write offs <BR> <BR> b. Details of stressed loans acquired during the period half year ended 30 September 2025: <BR> NPA : <BR> 'Aggregate principal outstanding of loans acquired - Nil <BR> 'Aggregate consideration paid - Nil <BR> 'Weighted average residual tenor of the loans acquired (in months) - Nil <BR> SMA : <BR> 'Aggregate principal outstanding of loans acquired - 587 <BR> 'Aggregate consideration paid - 587 <BR> 'Weighted average residual tenor of the loans acquired (in months) - 15 <BR> <BR> 6. 'Disclosure on Resolution Framework - 2.0: Resolution of Covid-19 related stress of Individuals and Small Businesses in terms of RBI circular RBl/2021-22/31 DOR.STR.REC.ll/21.04.048/2021-22 dated 05 May 2021 ("Resolution Framework- 2.0"): <BR> 1. Type of borrower: Personal Loans <BR> a) Exposure to accounts classified as Standard consequent to implementation of resolution plan - Position as at the end of the previous half-year (A) - NIL <BR> b) Of (A), aggregate debt that slipped into NPA during the half-year (B) <BR> c) Of (A) amount written off during the half-year (C) - NIL <BR> d) Of (A) amount paid by the borrowers during the half-year (D) - NIL <BR> e) Exposure to accounts classified as Standard consequent to implementation of resolution plan - Position as at the end of this half-year (E) - NIL <BR> 2. Type of borrower: Corporate Persons <BR> a) Exposure to accounts classified as Standard consequent to implementation of resolution plan – Position as at the end of the previous half-year (A) - NIL <BR> b) Of (A), aggregate debt that slipped into NPA during the half-year (B) – NIL <BR> c) Of (A) amount written off during the half-year (C) - NIL <BR> d) Of (A) amount paid by the borrowers during the half-year (D) - NIL <BR> e) Exposure to accounts classified as Standard consequent to implementation of resolution plan - Position as at the end of this half-year (E) - NIL <BR> 3. Type of borrower: of which MSMEs <BR> a) Exposure to accounts classified as Standard consequent to implementation of resolution plan – Position as at the end of the previous half-year (A) – NIL <BR> b) Of (A), aggregate debt that slipped into NPA during the half-year (B) – NIL <BR> c) Of (A) amount written off during the half-year (C) - NIL <BR> d) Of (A) amount paid by the borrowers during the half-year (D) – NIL <BR> e) Exposure to accounts classified as Standard consequent to implementation of resolution plan – Position as at the end of this half-year* (E) - NIL <BR> 4. Type of borrower: Others^ <BR> a) Exposure to accounts classified as Standard consequent to implementation of resolution plan – Position as at the end of the previous half-year (A) - 524 <BR> b) Of (A), aggregate debt that slipped into NPA during the half-year (B) - 3 <BR> c) Of (A) amount written off during the half-year (C) - 2 <BR> d) Of (A) amount paid by the borrowers during the half-year (D) - 131 <BR> e) Exposure to accounts classified as Standard consequent to implementation of resolution plan – Position as at the end of this half-year* (E)- 388 <BR> ^ Others include vehicle loans and small business loans <BR> <BR> 7. The Board of Directors of the Company in its meeting held on 19 September 2024 had considered and approved, inter-alia, subject to shareholders, regulatory and other approvals, sale of the Company’s shareholding in Niwas Housing Finance Private Limited (“NHFPL”) (Formerly IndoStar Home Finance Private Limited), a debt-listed material subsidiary of the Company, to WITKOPEEND B.V. (the “Purchaser”) for an aggregate consideration of Rs. 1,70,595 lakhs in accordance with the terms of the share purchase agreement dated 19 September 2024 (SPA) among the Company, NHFPL and the Purchaser. Subsequently, the Shareholders' approval was obtained on 26 October 2024. The Reserve Bank of India (RBI) accorded its approval on 21 March 2025. <BR> During the quarter ended 30 June 2025, National Housing Bank (“NHB”) as a Lender to NHFPL has given No Objection for the change in shareholding dated 30 May 2025 and the Company has received other requisite approvals. Further the Company and NHFPL has issued Condition Precedent (“CP”) Fulfilment Notice dated 24 June 2025 and the Purchaser has issued CP Fulfilment Notice dated 26 June 2025. The Company, the Purchaser and NHFPL has complied with Condition Precedent to sale in terms of the SPA. Accordingly, the transaction becomes obligatory on all the parties on 26 June 2025. Consequently, the Company recorded a gain of Rs. 1,17,595 lakhs, as "Exceptional Items", in the Standalone financial results on divestment of NHFPL after adjusting Cost of Investment and expenses incurred on the sale transaction for the quarter ended 30 June 2025. <BR> <BR> During the quarter ended 30 September 2025, the Company received the consideration and share transfer process was completed on 17 July 2025. <BR> <BR> 8. Information as required by Regulations 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, is attached as Annexure 1. <BR> <BR> 9. The Company during the quarter and half year ended 30 September 2025 has allotted 35,249 and 610,802 equity shares of Rs. 10 each fully paid respectively, on exercise of stock options by employees, in accordance with the Company's Employee Stock Option Schemes. <BR> <BR> 10. The Company is engaged primarily in the business of financing in India and accordingly, there are no separate operating segments as per Ind AS 108 dealing with Operating Segments. <BR> <BR> <BR> 11. The figures for the quarter ended 30 September 2025 are the balancing figures between unaudited figures for the half year ended 30 September 2025 and unaudited figures for the quarter ended 30 June 2025. The figures for the quarter ended 30 September 2024 are the balancing figures between unaudited figures for the half year ended 30 September 2024 and unaudited figures for the quarter ended 30 June 2024. <BR> <BR> 12. All amounts disclosed in financial results have been rounded off to the nearest lakhs. <BR> <BR> 13. Figures for the previous periods / year have been regrouped, and / or reclassified wherever considered necessary to make them comparable to the current periods / year presentation. <BR> 2025-04-012025-09-30UnauditedStandalone63170000000048460000019780000000069994000004500000700390000000016736000003521400000149900000000549030000077910000011614300000-461040000011759500000714910000016900000000169000000054591000000000545910000010800000546990000013671000001039.9938.480039.9938.480.0143Other Expenses325600000Other Expenses77910000034930000032310000000006984620000019891100000922800000942404000000901500000316750000000528800000003001900000724000003526000008024700000102265100000136710000038532700000398998000003989980000000300000100000003237130000024715300000003488700000605757000001618700000108900000062000000178960000062365300000102265100000Remeasurements of the defined benefit plans-1900000-1900000Remeasurements of the defined benefit plans-5800000-580000000Debt instruments through other comprehensive income21000002100000Debt instruments through other comprehensive income16600000166000000020000010800000352140000000009600000-157360000000-40000000-12600000149900000005508000000-1297900000000631700000059600000-119574000000-500000000-11910900000-47618000000295620000061438000008590000000-243320000017059500000000000060000041800000000546000000000000000000000-2529900000144338000000010910000000006500000000938720000028513000000538000000000-12570500000-5699000000-569900000919200000349300000Niwas Housing Finance Private Limited (Formerly known as IndoStar Home Finance Private Limited)******Shreejit Menon******Chief Executive OfficerRemunerationApprove by NRC/Audit Committee/Board of Directors1568300000Niwas Housing Finance Private Limited (Formerly known as IndoStar Home Finance Private Limited)******Pushkar Joshi******Chief Financial OfficerRemunerationApprove by NRC/Audit Committee/Board of Directors458400000Niwas Housing Finance Private Limited (Formerly known as IndoStar Home Finance Private Limited)******PANTH YOGESH JOSHI******Company SecretaryRemunerationApprove by NRC/Audit Committee/Board of Directors73400000IndoStar Capital Finance Limited******Niwas Housing Finance Private Limited (Formerly known as IndoStar Home Finance Private Limited)******SubsidiaryAny other transactionReimbursement of ExpenseApprove by NRC/Audit Committee/Board of Directors0348000000IndoStar Capital Finance Limited******Sujatha Mohan******Non Executive Independent DirectorAny other transactionSitting FeesApprove by NRC/Audit Committee/Board of Directors38200000IndoStar Capital Finance Limited******Hemant Kaul******Non Executive Independent DirectorAny other transactionSitting FeesApprove by NRC/Audit Committee/Board of Directors60500000IndoStar Capital Finance Limited******Naina Krishnamurthy******Non Executive Independent DirectorAny other transactionSitting FeesApprove by NRC/Audit Committee/Board of Directors45200000IndoStar Capital Finance Limited******Karthikeyan Srinivasan******Chief Executive Officer (till 11 May 2025)RemunerationApprove by NRC/Audit Committee/Board of Directors285700000IndoStar Capital Finance Limited******Jayesh Jain******Chief Financial OfficerRemunerationApprove by NRC/Audit Committee/Board of Directors1031900000IndoStar Capital Finance Limited******Randhir Singh******Managing Director & Executive Vice ChairmanRemunerationApprove by NRC/Audit Committee/Board of Directors1677300000IndoStar Capital Finance Limited******Shikha Jain******Company SecretaryRemunerationApprove by NRC/Audit Committee/Board of Directors10190000053408000Preferential Issues2024-05-264999000002025-09-30trueCRISIL Ratings LimitedfalseNANANAShikha JainCompany Secretary and Compliance OfficerMumbai2025-10-30Preferential Issues2024-11-2620533400002025-09-30trueCRISIL Ratings LimitedfalseNANANA