India Shelter Finance Corporation Reports Strong Q3 Results, Highlighting Growth in Profitability and Sales
India Shelter Finance Corporation reported strong financial results for the quarter ending December 2024, achieving record net sales and operating profit. Key metrics, including profit before tax and earnings per share, also reached their highest levels in five quarters, reflecting a positive trend in the company's performance.
India Shelter Finance Corporation has recently reported its financial results for the quarter ending December 2024, showcasing a robust performance in the finance and housing sector. The company achieved net sales of Rs 304.25 crore, marking a significant milestone as the highest quarterly figure in the last five quarters. This reflects a notable growth compared to the average net sales of the previous four quarters.The operating profit also reached a peak of Rs 219.24 crore, indicating a strong operational performance. Profit before tax, less other income, stood at Rs 124.22 crore, again the highest in the last five quarters, demonstrating a solid upward trend. Similarly, profit after tax was recorded at Rs 96.14 crore, reinforcing the positive trajectory of the company's profitability.
Earnings per share (EPS) reached Rs 8.98, the highest in the last five quarters, suggesting enhanced earnings for shareholders. Overall, the financial results indicate a favorable environment for India Shelter Finance Corporation, leading to an adjustment in its evaluation score to 26 from 24 over the past three months.
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