Star Housing Finance Reports Strong Financial Performance in Q1 FY25 Despite 'Sell' Call

Star Housing Finance, a microcap company in the finance industry, has recently declared its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

Despite this, Star Housing Finance has shown a very positive financial performance in the quarter, with a score improvement from 14 to 21 in the last 3 months. This is attributed to the company’s strong growth in key financial indicators.

The company’s Profit After Tax (PAT) for the quarter has grown by 94.8% year on year, with a very positive trend in the near term. Similarly, the Net Sales for the quarter have also shown a strong growth of 53.86% year on year, with a positive trend in the near term.

In fact, Star Housing Finance has achieved its highest PAT and Net Sales in the last five quarters, with a positive trend in both indicators. The company’s Operating Profit (PBDIT) has also shown a positive trend, reaching its highest at Rs 12.23 cr in the last five quarters.

This has resulted in a higher Earnings per Share (EPS) of Rs 0.38, indicating increasing profitability and higher earnings for shareholders.

However, the company’s Non Operating Income for the quarter is 52.43% of its Profit Before Tax (PBT), which raises concerns about the sustainability of the company’s business model.

Overall, Star Housing Finance has shown a strong financial performance in the quarter ending March 2024, with positive trends in key indicators. Investors should carefully consider all factors before making any investment decisions.