Exclusive: Srikanth Gopalakrishnan, CFO, Five Star On Q1, ₹10,000 Cr AUM & NBFC Sector Outlook

Five-Star Business Finance has achieved a significant milestone, surpassing ₹10,000 crore in assets under management (AUM) for the June quarter. The Chennai-based non-banking finance company reported a robust performance with total AUM rising to ₹10,344 crore in Q1 FY25, up from ₹7,583 crore in the same period last year, reflecting a sequential growth of 7%. Net profit surged 37% to ₹252 crore for the quarter ending June 30, 2024, compared to ₹184 crore a year ago, largely due to increased net interest income. Total income jumped 38% to ₹669 crore, up from ₹484 crore, and net interest income grew by 32% to ₹511 crore from ₹387 crore. Disbursements rose 16% to ₹1,318 crore from ₹1,132 crore in Q1 FY24. Business Today TV's Shailendra Bhatnagar speaks to Srikanth Gopalakrishnan, CFO of Five-Star Business Finance Ltd, on Q1 results, the ₹10,000 crore AUM milestone, and insights on the loans and NBFC sector outlook.