Indostar Capital Finance Q2 FY27 Results: Consolidated Net Profit ₹13.18 Crore on Total Income of ₹382 Crore
Earnings
Non-banking financial company
Blacklitt Research3 min read
Indostar Capital Finance reported consolidated total income of ₹382.09 crore and net profit of ₹13.18 crore for the quarter ended 30 Sep 2026, and standalone total income of ₹382.04 crore and net profit of ₹13.14 crore, it said in a filing on 29 Oct 2026.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹382.09 crore, up 7.1% YoY and 4.2% QoQ
Net profit and EPS: ₹13.18 crore, up 25.6% YoY; basic EPS ₹0.82
Finance costs: ₹139.64 crore, down from ₹166.67 crore a year earlier
Standalone
The company on its own, without its subsidiaries
Total income: ₹382.04 crore, up 7.1% YoY and 4.2% QoQ
Net profit and EPS: ₹13.14 crore, up 25.5% YoY; basic EPS ₹0.81
Finance costs: ₹139.64 crore, 36.6% of total income
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
382
357
+7.1%
367
+4.2%
Revenue from operations
382
357
+7.1%
364
+5.0%
Other income
0
0
-58.6%
3
-95.8%
13
10
+25.6%
11
+14.9%
Profit before tax
13
11
+25.5%
11
+14.9%
Finance costs
140
167
-16.2%
144
-3.3%
Depreciation
7
8
-14.4%
6
+1.9%
Tax expense
0
0
-50.0%
0
0.0%
Net profit margin
3.45%
2.94%
+0.51 pp
3.13%
+0.32 pp
EPS, basic (₹)
0.82
0.77
+6.5%
0.71
+15.5%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit grew faster than income. Consolidated net profit was ₹13.18 crore against ₹10.49 crore a year earlier, up 25.6%, while total income rose 7.1% to ₹382.09 crore from ₹356.84 crore. Tax was ₹0.01 crore against ₹0.02 crore, so net profit sits close to profit before tax of ₹13.19 crore.
Other income was ₹0.12 crore against ₹0.29 crore a year earlier, and revenue from operations was ₹381.97 crore. Finance costs were ₹139.64 crore against ₹166.67 crore.
The notes put technical write-offs of loan receivables at ₹137.79 crore for the quarter and ₹199.75 crore for the half year. In the quarter the company reversed a management overlay of ₹49.0 crore, recognised at 31 Mar 2026 for potential credit risk from the West Asia crisis; the company says it concluded a separate overlay was no longer required.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
382
357
+7.1%
367
+4.2%
Revenue from operations
382
356
+7.1%
364
+5.0%
Other income
0
0
-58.6%
3
-95.8%
13
10
+25.5%
11
+14.9%
Profit before tax
13
10
+25.5%
11
+14.9%
Finance costs
140
167
-16.2%
144
-3.3%
Depreciation
7
8
-14.4%
6
+1.9%
Tax expense
0
0
n/a
0
n/a
Net profit margin
3.44%
2.93%
+0.50 pp
3.12%
+0.32 pp
EPS, basic (₹)
0.81
0.77
+5.2%
0.71
+14.1%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit was ₹13.14 crore against ₹10.47 crore, up 25.5%, on total income of ₹382.04 crore, up from ₹356.78 crore. Tax expense is nil in both quarters, so profit before tax equals net profit. Consolidated net profit is ₹0.04 crore higher, and the consolidated results include the subsidiary IndoStar Asset Advisory Private Limited.
Finance costs were ₹139.64 crore, 36.6% of standalone total income, against ₹166.67 crore a year earlier. Other income was ₹0.12 crore against ₹0.29 crore.
Basic EPS was ₹0.81 against ₹0.77, up 5.2%, while net profit rose 25.5%. The company allotted 85,100 equity shares in the quarter and 1,32,841 in the half year on exercise of employee stock options.
At 30 Sep 2026 standalone net worth was ₹3,799.9 crore, the debt-equity ratio 1.55 times, capital to risk-weighted assets 35.98% and the gross Stage 3 ratio 4.46%. Standalone net profit for the half year was ₹24.58 crore.
Inference
The board approved the results on 29 Oct 2026, and the statutory auditors, S.R. Batliboi & Co. LLP, issued an unmodified limited review opinion on both sets. The company raised ₹400 crore of non-convertible debentures on 23 Jul 2026 in a private placement; the filing says the proceeds were used for onward lending, with no deviation. The filing says the secured debentures carry a first pari-passu charge on standard receivables or cash equivalents.
Shikha Jain ceased as Company Secretary and Compliance Officer at close of business on 29 Oct 2026, citing personal reasons, and Reshma Ramchandani takes the role from 30 Oct 2026.
Not known from the filing: why write-offs are recorded at this level, why tax is nil, whether a dividend will be declared, and whether further provisions will follow from the West Asia overlay.
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INDOSTARIndostar Capital Finance Ltd.
