Indostar Capital Finance surged 15% in a month, outperforming the BSE Financial Services index. The NBFC improved asset quality, expanded its vehicle loan portfolio, and reduced credit costs. With falling funding costs and growing AUM, profitability is expected to improve.
Tata Capital Q1 Results: Net profit jumps 56% YoY to Rs 1,547 crore, revenue up 15%
Tata Capital announced a substantial net profit increase of over 56 percent. Revenue from operations also saw a healthy rise of more than 15 percent.