Home First Finance Company India Reports Strong Financial Performance in September 2024 Quarter

Oct 24 2024 07:02 PM IST
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Home First Finance Company India, a midcap finance company specializing in housing, has reported a positive performance in the September 2024 quarter, with a score of 16 according to MarketsMojo. The company's net sales, operating profit, and earnings per share have reached record highs, while operating cash flow has decreased in the last three years.

Home First Finance Company India, a midcap finance company specializing in housing, has recently announced its financial results for the quarter ending September 2024. The company has received a 'Hold' call from MarketsMOJO, a leading financial analysis platform.

According to the financial report, Home First Finan has shown a positive performance in the quarter, with a score of 16, an improvement from 12 in the previous quarter. This indicates a strong growth trend for the company.

One of the key factors contributing to this positive performance is the company's net sales, which have been consistently growing in the last five quarters. In the September 2024 quarter, the net sales reached a record high of Rs 372.91 crore, showing a growth of 22.4% over the average net sales of the previous four quarters. This trend is expected to continue in the near term.

The company's operating profit (PBDIT) has also shown a positive trend, with a record high of Rs 298.21 crore in the September 2024 quarter. Similarly, the profit before tax (PBT) and profit after tax (PAT) have also reached their highest levels in the last five quarters, indicating a strong financial performance.

Home First Finan has also been able to generate higher earnings for its shareholders, with the earnings per share (EPS) reaching a record high of Rs 10.35 in the last five quarters. The company has also been distributing higher dividends to its shareholders, with the dividend per share (DPS) reaching a record high of Rs 3.40 in the last five years.

However, the company's operating cash flow has been a cause for concern, with a significant decrease in the last three years. This indicates a decline in the company's cash revenues from business operations.

Overall, Home First Finance Company India has shown a strong financial performance in the September 2024 quarter, with positive trends in key financial indicators. Investors are advised to hold their stock in the company, as recommended by MarketsMOJO.
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