NEW DELHI: India Shelter Finance Corporation Limited (ISFC) reported impressive first financial results for FY 2024, reflecting robust performance after its successful IPO.
The company’s board approved unaudited results for the quarter and nine months ending December 31, 2023.
MD and CEO Rupinder Singh praised investors for supporting the IPO, which raised Rs 1,200 crore (including Rs 800 crore in primary capital).
He highlighted the strong Q3 performance, with a 42% YoY jump in Assets Under Management (AUM) driven by a 36% YoY increase in disbursements.
Singh attributed the growth to ISFC’s unique strategy of providing financing to self-employed individuals with smaller loan amounts.
“Our focus will be to continue servicing the customers in this segment. We will continue to follow a balanced approach to growth and focus on asset quality & profitability,” Singh said.
ISFC’s retail-focused model specializes in affordable housing finance. Combining a robust distribution network with scalable technology infrastructure, the company effectively navigates market dynamics, positioning itself for continued success.
