Star Housing Finance Reports Mixed Financial Results Amid Strong Sales Growth in December 2024
Star Housing Finance has reported its financial results for the quarter ending December 2024, showcasing a significant year-on-year growth in net sales and operating profit. However, the company experienced a decline in profit after tax and earnings per share, indicating mixed performance in profitability metrics.
Star Housing Finance, a microcap company in the finance-housing sector, has recently reported its financial results for the quarter ending December 2024. The results, declared on February 15, 2025, indicate a mixed performance, leading to an adjustment in its evaluation.On a positive note, Star Housing Finance achieved net sales of Rs 24.03 crore, reflecting a year-on-year growth of 47.15%. This figure marks the highest quarterly sales in the last five quarters, suggesting a favorable near-term sales trend. Additionally, the operating profit (PBDIT) reached Rs 15.38 crore, also the highest in the same period, indicating a positive trend in operational efficiency.
Conversely, the company faced challenges with its profit after tax (PAT), which fell to Rs 2.04 crore, representing a year-on-year decline of 19.0%. This decline points to a negative near-term trend in profitability. Furthermore, earnings per share (EPS) dropped to Rs 0.26, the lowest in five quarters, highlighting a decrease in profitability for shareholders.
Overall, the financial results for Star Housing Finance reflect a complex landscape, with both positive sales growth and notable declines in profitability metrics.
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