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Motilal Oswal reiterates Buy on Indostar Capital Finance, sets INR310 target

AI Market Summary
Indostar Capital Finance reported a sharp sequential improvement in 1QFY27 profitability, with positive PAT, stronger net interest income, sharply lower credit costs, and improved operating efficiency. Management's longer-term targets imply confidence in scaling lending and normalizing asset quality. While constructive for the specific issuer and Indian NBFC risk appetite, the update is unlikely to materially influence broader global macro, FX, or crypto markets.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-1.72%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Indostar Capital Finance reported FY27 first-quarter net profit of INR115m, reversing a INR4.2b loss in the previous quarter. Net interest income rose 44% year on year to INR1.9b, while annualised credit costs fell to about 4% from 26% in the prior quarter. Operating efficiency improved, with the cost-to-income ratio easing to 58.2%. The company has set a FY29 net profit target of INR4.55b and expects AUM and net profit to post CAGRs of 23% and 60% over FY26–FY28, according to Motilal Oswal.
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