India Home Loans Reports Significant Financial Turnaround in December 2024 Results

Feb 13 2025 10:18 PM IST
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India Home Loans has announced its financial results for the quarter ending December 2024, showcasing a significant improvement in performance metrics. The company reported a Profit After Tax of Rs 0.14 crore, a turnaround from a loss last year, and achieved its highest Operating Profit Before Depreciation, Interest, and Taxes in five quarters.
India Home Loans has recently reported its financial results for the quarter ending December 2024, revealing notable developments in its performance metrics. The company has experienced a revision in its evaluation, with its score shifting to 5 from -2 over the past three months.

The financial data indicates a significant turnaround in Profit After Tax (PAT), which stands at Rs 0.14 crore for the half-year period, a marked improvement compared to the loss of Rs 3.07 crore in the same timeframe last year. This achievement highlights the company's ability to surpass its previous PAT figures within just six months.

Additionally, India Home Loans recorded its highest Operating Profit Before Depreciation, Interest, and Taxes (PBDIT) in the last five quarters, reaching Rs 2.05 crore. The trend for near-term operating profit appears to be favorable. Similarly, Profit Before Tax (PBT), excluding other income, also reached its peak at Rs 0.07 crore in the last five quarters, suggesting a positive trajectory in this area as well.

These developments reflect a noteworthy shift in the company's financial landscape.

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