Are Manraj Hsg.Fin. latest results good or bad?

Manraj Housing Finance has recently reported its financial results for the quarter ending June 2024, reflecting notable operational trends. The company has experienced an adjustment in its evaluation over the last three months.
In terms of financial performance, the operating profit (PBDIT) for this quarter was recorded at Rs -0.04 crore, marking the highest level in the past five quarters. This suggests a positive trend in the company's operational profitability. Similarly, the profit before tax less other income (PBT) also reached Rs -0.04 crore, indicating a comparable positive trend.

The profit after tax (PAT) has shown a significant figure of Rs 0.46 crore, which is the highest in the last five quarters, reflecting an upward trend in profitability. Additionally, earnings per share (EPS) were reported at Rs 0.92, further indicating enhanced profitability and potentially greater earnings for shareholders.

However, it is important to note that the net sales remained unchanged at 0.00% compared to the previous quarter, which indicates stability in revenue generation. The standalone net profit for the quarter was reported at Rs -0.04 crore, with a notable change in its growth rate compared to the previous period.

Overall, the financial results of Manraj Housing Finance highlight a positive trajectory in operational performance, particularly in profitability metrics, despite the unchanged net sales.