Ansal Housing Reports Positive Q1 Results, But Some Areas Need Improvement

Ansal Housing, a microcap real estate company, has recently announced its financial results for the quarter ending June 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financials, Ansal Housing has shown positive performance in the quarter, with a score of 17 compared to 34 in the previous quarter. The company's Profit After Tax (PAT) has seen a significant growth of 120.8% at Rs 1.35 crore, compared to the average PAT of the previous four quarters at Rs 0.61 crore. This shows a positive trend in the company's profitability in the near term.

Ansal Housing has also shown a strong Earnings per Share (EPS) of Rs 5.97, the highest in the last five quarters. This indicates that the company has been able to generate higher earnings for its shareholders. Additionally, the Debtors Turnover Ratio has also improved, with the company being able to settle its debtors faster.

However, there are some areas where Ansal Housing needs to improve. The company's Profit Before Tax less Other Income (PBT) has fallen significantly at -83157.1% compared to the average PBT of the previous four quarters. The company's ability to manage interest payments has also deteriorated, with the Operating Profit to Interest ratio being the lowest in the last five quarters.

Moreover, the company's Net Sales have also fallen by -6.9% compared to the average of the previous four quarters. This shows a negative trend in the company's sales in the near term. The Operating Profit (PBDIT) has also been the lowest in the last five quarters, indicating a negative trend in the company's operating profit.

Ansal Housing's Operating Profit Margin has also decreased, being the lowest in the last five quarters. This shows a decline in the company's efficiency. Additionally, the Non Operating Income is 625.99% of the Profit Before Tax (PBT), which may not be a sustainable business model. The company's Non Operating Income has also increased significantly in the last five quarters, which may not be sustainable in the long run.

Overall, Ansal Housing has shown positive financial performance in the quarter ending June 2024, but there are some areas where the company needs to improve. Investors are advised to hold their stocks and keep a close eye on the company's future financial results.