The corporate’s belongings underneath administration surged 42% year-on-year to Rs 1.20 lakh crore, out of which gold mortgage portfolio was Rs 1.13 lakh crore. Its complete revenue grew 54% at Rs 5720 crore.
The corporate put aside Rs 43 crore within the quarter to cowl credit score threat which was sharply decrease as in comparison with Rs 224 crore within the 12 months in the past interval.
The group’s consolidated internet revenue stood at Rs 1974 crore towards Rs 1196 crore. This was decrease than the standalone revenue, since its 66% subsidiary Belstar Microfinance incurred a Rs 128 crore loss.
Belstar’s AUM stood at Rs 7,707 crore on the finish of June, contracted from Rs 7980 crore three months again. The AUM was at Rs 10023 crore as on March 31, 2024. Its gross non-performing belongings ratio was at 4.44% on the finish of June.
