Chennai, 31st July 2023 The Board of Directors of Five-Star Business Finance Limited, has declared its unaudited financial results for the quarter that ended June 30, 2023.
Commenting on the results, Mr Lakshmipathy Deenadayalan, Chairman & Managing Director, Five-Star Business Finance Limited, said,
Five Star continued to build on the strong business and disbursal momentum built in Q4FY2023. During the quarter, we disbursed 1,132 Crores of loans as against 1,110 Crores in the previous quarter and also registered a disbursement growth of 99% on Y-o-Y basis. We added 13 branches during Q1FY2024 resulting in a strong branch network of 386 branches to deliver quality service to our customers. 7 out of these 13 branches were added in the Rest of India locations (5 in MP, 1 in MH, and 1 in Rajasthan which marks our entry into another new state). The remaining branches were added in locations across the Southern States.