Star Housing Finance Reports Positive Q3 Results
Star Housing Finance, a microcap company in the finance industry, has recently announced its financial results for the quarter ended September 2023. The company's net sales have shown a growth of 10.84% quarter-on-quarter, compared to 4.86% in the previous quarter. The standalone net profit has also seen a significant increase of 33.55% in the same period.
According to the analysis by MarketsMOJO, a leading financial research and analysis firm, the stock call for Star Housing Finance is 'Sell'. However, the company's financial performance in the quarter has been positive, with a score of 17 compared to 27 in the last three months.
One of the key factors contributing to the positive performance is the company's net sales, which have been consistently growing in the last five quarters. In the quarter ended September 2023, the net sales were at Rs 13.67 crore, showing a growth of 58.40% year-on-year. This trend is expected to continue in the near term.
The company's profit after tax (PAT) for the nine-month period has also shown a growth of 24.55% year-on-year, indicating a positive trend in the company's financials. The operating profit (PBDIT) for the quarter was at its highest in the last five quarters, at Rs 8.88 crore. The operating profit margin has also improved, reaching its highest at 64.96%.
However, the company's operating cash flow for the last three years has been on a decline, with the lowest being at Rs -111.03 crore. This indicates a decrease in the company's cash revenues from business operations.
Overall, Star Housing Finance has shown a positive financial performance in the quarter ended September 2023, with its net sales and profitability on an upward trend. However, the company needs to address its declining operating cash flow to ensure sustainable growth in the future.
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