MUMBAI: Star Housing Finance Limited (Star HFL), a BSE listed company focused on affordable home financing across various states, has reported significant annual financial results showcasing growth in assets under management (AUM) and stable asset quality.
For the fiscal year ending March 31, 2025, Star HFL reported a total revenue of Rs. 94.96 crores, reflecting an impressive 54.06% year-on-year growth. Profit after tax (PAT) increased by 25%, reaching Rs. 11.10 crores, up from Rs. 8.88 crores in FY2023-24.
In the fourth quarter of FY2024-25, the company achieved total revenue of Rs. 27.89 crores and PAT of Rs. 2.93 crores, compared to Rs. 19.34 crores in revenue and PAT of Rs. 2.74 crores in Q4 FY2023-24.
AUM expanded to Rs. 520.70 crores as of March 31, 2025, a year-on-year growth of 21.98%, driven by increasing demand for affordable housing loans in the regions served by the company.
Business Highlights: The company disbursed Rs. 148.60 crores in the financial year, assisting over 1250 home buyers across more than 30 locations in states including Maharashtra, Madhya Pradesh, Gujarat, Rajasthan, Tamil Nadu, and NCR.
Direct Assignments: The fiscal year marked the successful execution of a direct assignment amounting to Rs. 55.83 crores.
Income Growth: Interest income saw a robust growth of 47.22% year-on-year, with a Net Interest Margin (NIM) at 7.69%.
Profitability: PAT showed a significant 25% year-on-year increase at Rs. 11.1 crores.
Stable Asset Quality: As of March 31, 2025, the Gross Non-Performing Assets (GNPA) ratio stood at 1.84%, while the Net Non-Performing Assets (NNPA) ratio was at 1.40%.
Liability Growth: In the past year, Star HFL raised an additional Rs. 145 crores from two banks and six financial institutions, maintaining strong partnerships to support loan book growth.
Capital Levels: As of March 31, 2025, the net worth stood at Rs. 143.87 crores, with leverage levels at 2.81x.
Kalpesh Dave, Director & CEO, commented on the results: “Star HFL has successfully navigated a challenging year amidst liquidity tightening and subdued capital market activity. Despite these challenges, we achieved consistent growth in AUM due to effective liability management and strategic disbursements. Successfully executing our first direct assignment highlights our strong underwriting capabilities. We remain focused on maintaining asset quality while expanding our workforce and identifying lucrative micro-markets. We look forward to FY 2025-26 with optimism and aim to solidify our growth trajectory.”
About Star Housing Finance Limited (Star HFL):
Star Housing Finance Limited (Star HFL) is a retail housing finance company listed on BSE, specializing in affordable housing finance since its inception. The company provides long-term financing assistance to Economically Weaker Section (EWS) and Low-Income Group (LIG) families for purchasing or constructing affordable housing units across several states including Maharashtra, Madhya Pradesh, Gujarat, Rajasthan, NCR, and Tamil Nadu. Registered as a Primary Lending Institution (PLI) under the Pradhan Mantri Awas Yojana (PMAY), Star HFL is headquartered in Mumbai, Maharashtra.
