Indostar Capital Reports Strong Sales Growth Amid Declining Profitability in Q3 FY24-25

Jan 20 2025 04:26 PM IST
share
Share Via
Indostar Capital Finance has reported its third-quarter financial results for FY24-25, highlighting a significant increase in net sales, which reached Rs 718.22 crore. However, the company faced challenges with a negative profit before tax and a decrease in profit after tax compared to previous averages, raising concerns about its financial stability.
Indostar Capital Finance has released its financial results for the third quarter of FY24-25, showcasing a notable performance in net sales. The company's net sales for the half-yearly period reached Rs 718.22 crore, which represents a substantial year-on-year growth of 52.04%. This trend suggests a strong demand for Indostar Capital's financial services.

However, the results also reveal some challenges for the company. The profit before tax (PBT) for the quarter was reported at Rs -5.16 crore, indicating a significant shift compared to the average PBT of Rs 6.89 crore over the previous four quarters. Additionally, the profit after tax (PAT) was recorded at Rs 11.47 crore, which is lower than the average PAT of Rs 18.55 crore during the same period.

In summary, while Indostar Capital has achieved impressive sales growth, the decline in profitability metrics raises questions about its financial stability moving forward. The stock has undergone an adjustment in evaluation, reflecting the current market dynamics.

Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News