GIC Housing Finance's Financials Show Mixed Performance, Lowest Net Cash Flow in Last 3 Years

Net Cash Flow - Annually: Lowest at Rs 522.05 Cr and Falleneach year in the last three years.The company's cash revenues from business operations are falling.

GIC Housing Finance, a smallcap company in the finance-housing industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.

According to the financials, GIC Housing Fin has shown a flat performance in the second quarter of the fiscal year 2024-25. However, there has been an improvement in the overall score, which has increased from -6 to 0 in the last three months.

The company's Profit Before Tax (PBT) less Other Income has grown by 21.06% year on year, indicating a positive trend in the near term. Similarly, the Profit After Tax (PAT) has also shown a growth of 21.0% year on year, with a positive trend in the near term.

On the other hand, GIC Housing Fin's Debt-Equity Ratio has been the lowest in the last five half-yearly periods, indicating a reduction in borrowing compared to equity capital. The company has also been distributing higher dividends from its profits, with the Dividend per Share (DPS) being the highest at Rs 4.50 in the last five years.

However, the company's Operating Cash Flow and Net Cash Flow have been the lowest in the last three years, with a decline each year. This suggests that the company's cash revenues from business operations are falling.

Overall, GIC Housing Finance has shown a mixed performance in its financials for the quarter ending September 2024. Investors should carefully consider all the factors before making any investment decisions.