Read the quarter in context.
A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
ConCallIQ research layer
Signal, with the source still visible.
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Revenue
Pending
verification pending
Revenue YoY
—
reported change
EBITDA
Pending
latest reported figure
Source
manual review required
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Five Star Business Finance reported a challenging FY26 with asset quality headwinds from MFI/unsecured loan stress spilling into secured small-ticket loans. However, Q4 FY26 showed strong recovery: unique customer collection efficiency hit 98.1%, X-bucket collections at 99.3%, and slippage ratio dropped from 1.09% to 0.7% QoQ. Disbursements grew 24% sequentially to ₹1,213 crore, and full-year PAT was ₹1,099 crore (+2% YoY). Management guided for ~20% AUM growth in FY27, credit cost of 1.7-1.75% (steady state 1.5-1.6%), and ROA of 8.25-8.5%. Key risk: geopolitical/macroeconomic uncertainty could impact borrower behavior, though management sees minimal exposure.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects AUM to grow around 20% in FY27, driven by pent-up demand and improved collections.
- Credit cost expected to be 1.7-1.75% of average AUM, with steady state of 1.5-1.6% over next 2-3 years.
- Return on average assets expected to be in the range of 8.25-8.5% for the current financial year.
- To achieve 20% AUM growth, disbursements need to be around ₹6,200-6,400 crore, up from ~₹5,000 crore in FY26.
Risks flagged
- Global geopolitical tensions could impact borrower behavior, though management sees minimal direct exposure.
- Overleveraging in microfinance could continue to spill over into secured loan portfolios, affecting asset quality.
- A senior management exit during the year created overhang, but management downplays impact on performance.
- Geopolitical challenges and liquidity uncertainty may limit further reduction in cost of funds in FY27.
Key quotes
- The worst is behind us and the coming quarters will see us moving in one direction onwards and upwards.
- Men may come and men may go, but we go forever.
- We are very confident that we have bounced back in the best manner possible. We have taken the right set of actions.
Research modules