5413362026-07-012026-09-305413362026-09-305413362026-03-315413362026-04-012026-09-305413362026-07-012026-09-30in-capmkt:OtherExpenses1Member5413362026-04-012026-09-30in-capmkt:OtherExpenses1Member5413362026-09-30OtherFinancialAssetsDomain15413362026-09-30OtherFinancialAssetsDomain25413362026-09-30OtherFinancialAssetsDomain35413362026-09-30OtherFinancialAssetsDomain45413362026-09-30OtherNonFinancialAssetsDomain15413362026-09-30OtherNonFinancialAssetsDomain25413362026-09-30OtherNonFinancialAssetsDomain35413362026-09-30OtherFinancialLiabilitiesDomain15413362026-09-30OtherFinancialLiabilitiesDomain25413362026-09-30OtherFinancialLiabilitiesDomain35413362026-09-30OtherFinancialLiabilitiesDomain45413362026-09-30OtherNonFinancialLiabilitiesDomain15413362026-07-012026-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15413362026-04-012026-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15413362026-07-012026-09-30ItemsThatWillBeReclassifiedToProfitAndLoss15413362026-04-012026-09-30ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares541336INDOSTARNOTLISTEDINE896L01010INDOSTAR CAPITAL FINANCE LIMITEDMain BoardEquity2026-04-012027-03-312026-10-292026-10-22INRLakhsQuarterlySecond quarterSingle segmentFinancial & Investing Activities2026-10-2912:00:002026-10-2915:40:00trueCash Flow IndirectNot applicable2026-07-012026-09-30UnauditedConsolidated3413600000003073000003370000065100000003819700000120000038209000000008981000001396400000656000000009605000003684000003689000000131900000013190000010000001000001318000000000131800000-26300000105500000131800000010550000001616700000100.820.82000.820.823. The Group reports quarterly financial results on consolidated basis, pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 read with SEBI circular dated 5 July 2016. The standalone financial results are available on the website of the Company at www.indostarcapital.com and on the website of the BSE Ltd. at www.bseindia.com and the National Stock Exchange of India Ltd. at www.nseindia.com. <br /> The key information of the standalone financial results of the Company are given below:(Rs. In lakhs) <br /> - Quarter Ended 30 September 2026 (Unaudited) <br /> Revenue from operations (including other income) – 38,204 <br /> Profit before tax – 1,314 <br /> Profit after tax – 1,314 <br /> Total Comprehensive income – 1,051 <br /> <br /> - Quarter Ended 30 June 2026 (Unaudited) <br /> Revenue from operations (including other income) – 36,667 <br /> Profit before tax – 1,144 <br /> Profit after tax – 1,144 <br /> Total Comprehensive income – 1,345 <br /> <br /> - Quarter Ended 30 September 2025 (Unaudited) <br /> Revenue from operations (including other income) – 35,678 <br /> Profit before tax – 1,047 <br /> Profit after tax – 1,047 <br /> Total Comprehensive income – 1,049 <br /> <br /> - Half Year Ended 30 September 2026 (Unaudited) <br /> Revenue from operations (including other income) – 74,871 <br /> Profit before tax – 2,458 <br /> Profit after tax – 2,458 <br /> Total Comprehensive income – 2,396 <br /> <br /> - Half Year Ended 30 September 2025 (Unaudited) <br /> Revenue from operations (including other income) – 70,039 <br /> Profit before tax – 71,491 <br /> Profit after tax – 54,591 <br /> Total Comprehensive income – 54,699 <br /> <br /> - Year Ended 31 March 2026 (Audited) <br /> Revenue from operations (including other income) – 1,39,359 <br /> Profit before tax – 29,920 <br /> Profit after tax – 13,020 <br /> Total Comprehensive income – 12,747 <br /> <br /> 4. The consolidated financial results of IndoStar Capital Finance Limited ("the Company") and its subsidiaries (together referred to as "the Group") 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”) guidelines and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. The financial results have been reviewed by the Audit Committee and subsequently approved at the meeting of the Board of Directors held on 29 October 2026. The statutory auditors have conducted limited review and issued an unmodified opinion on the consolidated financial results for the quarter and half year ended 30 September 2026. <br /> The consolidated financial results includes financial statement / unaudited financial information of the following wholly owned subsidiaries: <br /> (a) Niwas Housing Finance Limited (formerly Niwas Housing Finance Private Limited) (upto 30 June 2025, also refer note 5 below); and <br /> (b) IndoStar Asset Advisory Private Limited <br /> 5. The Secured Listed Non-Convertible Debentures of the Company as on 30 September 2026 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 /> 6. Impairment on financial instruments includes technical write-offs of loan receivables amounting to Rs. 13,779 lakhs for the quarter and Rs. 19,975 lakhs for the half year ended 30 September 2026. The corresponding amounts for the quarter and half year ended 30 September 2025 were Rs. 2,200 lakhs and Rs. 18,080 lakhs, respectively. During the quarter ended 30 September 2026, the Company reassessed management overlay recognised at 31 March 2026 for potential credit risk arising from the West Asia crisis. Based on observed performance of the vehicle finance portfolio and current forward-looking information, management concluded that a separate overlay was no longer required and reversed Rs. 4,900 lakhs during the quarter. The Company will continue to monitor developments and reassess expected credit losses at each reporting date. <br /> 7. The ‘Exceptional Items’ for the corresponding half year ended 30 September 2025 and year ended 31 March 2026 pertain to the gain of Rs. 1,17,595 lakhs recognised on divestment of the Company's investment in its subsidiary, Niwas Housing Finance Limited (formerly Niwas Housing Finance Private Limited), pursuant to the completion of the conditions precedent under the Share Purchase Agreement during the previous year. <br /> Summary results of the discontinued operations (excluding markup) are given below: <br /> <br /> - Quarter Ended 30 September 2026 <br /> Revenue from operations – NIL <br /> Other Income – NIL <br /> Total Income – NIL <br /> Total expenses – NIL <br /> Profit before tax – NIL <br /> Tax Expenses - NIL <br /> Profit after tax – NIL <br /> Other comprehensive income – NIL <br /> Total Comprehensive income – NIL <br /> <br /> - Quarter Ended 30 June 2026 <br /> Revenue from operations – NIL <br /> Other Income – NIL <br /> Total Income – NIL <br /> Total expenses – NIL <br /> Profit before tax – NIL <br /> Tax Expenses - NIL <br /> Profit after tax – NIL <br /> Other comprehensive income – NIL <br /> Total Comprehensive income – NIL <br /> <br /> - Quarter Ended 30 September 2025 <br /> Revenue from operations – NIL <br /> Other Income – NIL <br /> Total income – NIL <br /> Total expenses – NIL <br /> Profit before tax – NIL <br /> Tax Expenses - NIL <br /> Profit after tax – NIL <br /> Other comprehensive income – NIL <br /> Total Comprehensive income – NIL <br /> <br /> - Half Year Ended 30 September 2026 <br /> Revenue from operations – NIL <br /> Other Income – NIL <br /> Total Income – NIL <br /> Total expenses – NIL <br /> Profit before tax – NIL <br /> Tax Expenses - NIL <br /> Profit after tax – NIL <br /> Other comprehensive income – NIL <br /> Total Comprehensive income – NIL <br /> <br /> - Half Year Ended 30 September 2025 (Unaudited) <br /> Revenue from operations – 11,385 <br /> Other Income – 8 <br /> Total Income – 11,393 <br /> Total expenses – 10,034 <br /> Profit before tax – 1,359 <br /> Tax Expenses - 350 <br /> Profit after tax – 1,009 <br /> Other comprehensive income – (14) <br /> Total Comprehensive income – 995 <br /> <br /> - Year Ended 31 March 2026 <br /> Revenue from operations– 11,385 <br /> Other Income – 8 <br /> Total Income – 11,393 <br /> Total expenses – 10,034 <br /> Profit before tax – 1,359 <br /> Tax Expenses – 350 <br /> Profit after tax – 1,009 <br /> Other comprehensive income – (14) <br /> Total Comprehensive income – 995 <br /> <br /> 8. The Company during the quarter and half year ended 30 September 2026 has allotted 85,100 and 132,841 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 /> 9. The Group 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 /> 10. All amounts disclosed in financial results have been rounded off to the nearest lakhs. <br /> 11. 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 /> 2026-04-012026-09-30UnauditedConsolidated671340000000551800000128100000651000000074584000002970000074881000000001780500000284020000013000000000017750000007157000007241400000246700000024670000020000002000002465000000000246500000-6200000240300000246500000024030000001616700000101.531.52001.531.52Not applicableNot applicableNot applicableOther Expenses368400000Other Expenses71570000017206000002379100000300000000789248000008326200000554000000919077000000130300000317670000000427500000003001900000353000002737000007045400000989531000001616700000365230000003813970000003813970000000700000300000003587680000022849400000001603200000603304000002198000001977000000655000004830000006081340000098953100000Security deposit91602000Assignment receivables141886000Deposits with Trustee for securitisation*234768000Other Receivables85744000Prepaid expenses89562000Advances recoverable in cash or in kind or for value to be received114138000Assets acquired in satisfaction of claim70000000Book overdraft32754000Employee benefits payable160751000Unamortised lease liabilities306343000Others1103352000Statutory dues payable65500000Remeasurements of the defined benefit plans32000003200000Remeasurements of the defined benefit plans-4600000-460000000Debt instruments through other comprehensive income-29500000-29500000Debt instruments through other comprehensive income-1600000-160000000-26300000-62000002840200000000067700000-61058000000030000000-10800000130000000001804000000-576300000000671340000050700000-1281000000-5000000-652000000-8707200000-8460500000026421000006462200000-1090000000-453140000000000000600000376000000005000000000000000000000207390000020364000000022500000000010000000000112705000001737750000061500000000038540000001359000000013590000003616000001720600000