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Earnings Call

Five-Star Business Finance Earnings Call: Key Takeaways

Five-Star is navigating a self-imposed slowdown to prioritize collection stability over growth. While asset quality shows marginal stability in early buckets, persistent slippages in Stage 3 remain a concern for the secured lender.

Why this was an Alfa AlertNot a filter event. Disbursements and growth are decelerating to prioritize asset quality.
Highlights
Revenue growthPAT at ₹277cr, up 1% YoY; growth intentionally moderating.
MarginsNIMs compressed 50bps YoY due to lower yields and opex.
Management confidenceBalanced; prioritized fixing internal collection 'problems' over aggressive expansion.

Growth

Growth is intentionally muted; disbursements fell 18% QoQ as management focuses on fixing collection infrastructure.

Outlook

PAT grew 5% YoY to ₹830cr for 9MFY26; management avoids specific FY27 guidance until collections stabilize.

Risks

Behavioral crisis in borrowers and rising Stage 3 slippages threaten the credit culture and recovery timelines.

Last quarter's promises, checked

Delivered

  • Guided collection stability → Unique collection 98.1% (= BEAT)
  • Guided cost of funds drop → 9.64% to 9.21% FY26 (= BEAT)
  • Guided incremental debt cost → 8.53% vs 9.12% Q3 (= BEAT)

Partly delivered

  • Guided 20% AUM growth → 11% actual; 20% target pushed to FY27 (= PARTIAL)

Missed

  • Guided 15% disbursement growth → 11% actual FY26 (= MISS)
  • Guided 90 branch openings → 60-75 planned (= MISS)
Source

Earnings Call filed with NSE, NSE: FIVESTAR. Summary written with AI assistance from the document.

Read the document ↗

Five-Star Business Finance Ltd: key numbers

Share price
₹520.95
Market cap
₹15,378 Cr
Revenue (annual)
₹3,218 Cr
Net profit (annual)
₹1,099 Cr
P/E (TTM)
13.9×Sector 22.0×
Promoter holding
18.61%+0.00% QoQ
FII holding
43.97%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Employee Stock Options

Five-Star Business Finance Employee Stock Options

Five-Star Business Finance allotted 7,040 equity shares under its 2018 ESOP scheme. Paid-up capital rose to ₹29.52 Crore following the option exercise.