GIC Housing Finance Reports Strong Q3 Growth and Improved Financial Stability

Feb 11 2025 10:04 PM IST
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GIC Housing Finance has announced its financial results for the quarter ending December 2024, highlighting significant growth in Profit Before Tax and Profit After Tax. The company's debt-equity ratio has also improved, reaching its lowest level in recent periods, indicating a strategic shift in its financial structure.
GIC Housing Finance has recently reported its financial results for the quarter ending December 2024, showcasing notable developments in its performance metrics. The company has experienced a positive trajectory in its Profit Before Tax (PBT), which reached Rs 55.51 crore, reflecting a year-on-year growth of 36.83%. Similarly, the Profit After Tax (PAT) stood at Rs 49.71 crore, marking a year-on-year increase of 39.4%. These figures indicate a favorable trend in profitability for GIC Housing Finance.

Additionally, the company's debt-equity ratio has reached its lowest point in the last five half-yearly periods at 4.61 times, suggesting a strategic reduction in borrowing relative to its equity capital. This adjustment in evaluation reflects a shift in the company's financial structure, potentially enhancing its stability.

As a result of these developments, GIC Housing Finance has seen a revision in its score, moving to 7 from 0 over the past three months. This change underscores the positive financial performance observed in the latest quarter.

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