Quarterly Result14 Aug 2025, 08:22 pm
Aastamangalam Finance Ltd. Reports 70% CAGR Loan Book Growth in Q1 FY 2025-26, Improves Asset Quality
AI Summary
Aastamangalam Finance Ltd., a non-deposit-taking NBFC based in Chennai, Tamil Nadu, has reported a loan book growth of approximately INR 114 crore as of June 30, 2025, compared to just INR 1crore in 2016. This reflects a compounded annual growth rate of over 70% since acquisition. The company has also improved its asset quality with gross NPA reducing to 1.57% and net NPA standing at zero, indicating successful recovery of legacy assets and improved underwriting practices. The provision coverage ratio remains in the range of 95 - 100%, ensuring full coverage of potential credit losses.
Key Highlights
- Loan book growth of 70% CAGR since acquisition
- Improved asset quality with reduced gross NPA
- Robust provisioning with provision coverage ratio of 95 - 100%
- Efficient capital deployment through successful rights issue
- Healthy spreads and cost efficiency