Credit costs elevated; focus this year will be on opex optimization IndoStar Capital Finance (IndoStar) delivered a weak performance in 1QFY26, with muted disbursements and weak AUM growth, impacted by tighter stringent underwriting and seasonal factors. Credit costs remained elevated, driven by technical write-offs and additional provisions made for accounts where recovery prospects remain uncertain.
OutlookReiterate BUY rating on the stock with a TP of INR330 (premised on 0.9x Mar’27E BVPS).
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