GIC Housing Finance Reports Negative Financial Performance in Q3 2023

GIC Housing Finance, a smallcap company in the housing finance industry, recently declared its financial results for the quarter ending December 2023. According to the latest report, the company has seen a negative financial performance with a score of -15, which has improved from -17 in the last three months.

However, the company's profit before tax (PBT) has fallen by 52.14% year on year, standing at Rs 40.57 crore. The near-term trend for PBT is also negative. Similarly, the profit after tax (PAT) has also seen a decline of 45.5% year on year, with a current value of Rs 35.65 crore. The near-term trend for PAT is also negative.

Moreover, the operating profit (PBDIT) has been at its lowest in the last five quarters, standing at Rs 220.19 crore. The operating profit has also fallen each quarter in the last five quarters, indicating a negative trend in the near term. The net sales for the quarter have also been at its lowest in the last five quarters, standing at Rs 261.11 crore. The near-term trend for net sales is also negative.

Despite a negative financial performance, GIC Housing Finance remains a smallcap company in the housing finance industry. MarketsMOJO has given a 'Sell' call for the company's stock. This news is based on the company's financial results and does not include any external data or sources.