India Home Loans' Q2 financials show increased profits, but declining sales raises concerns
Despite the negative financial performance in the quarter ending June 2024, India Home Loans has shown some positive signs in their financials. The company's Profit After Tax (PAT) has increased to Rs 0.10 crore, the highest in the last five quarters. This shows that the company has been able to generate higher earnings for its shareholders. Additionally, the Earnings per Share (EPS) has also increased to Rs 0.07, indicating a positive trend in profitability.
However, the company's Net Sales for the half-yearly period has shown a decline of -40.00% Year on Year (YoY). This is a cause for concern as it indicates a negative trend in sales. The company will need to address this issue in order to improve its overall financial performance.
Despite the mixed results, MarketsMOJO has given a 'Sell' call for India Home Loans' stock. This could be due to the negative sales trend and the overall decline in the company's financial score. Investors should carefully consider this information before making any investment decisions.
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