India Home Loans Shows Flat Performance in Q2, But Improves Profitability in H1 2024-2025

Nov 16 2024 05:08 PM IST
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India Home Loans, a microcap company in the finance-housing industry, has reported a flat performance in the second quarter of fiscal year 2024-2025. However, there has been a slight improvement in the company's score and an increase in Profit After Tax. Net Sales have decreased by 28.02% year on year. Investors should carefully consider all information before making any decisions.

India Home Loans, a microcap company in the finance-housing industry, has recently declared its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, India Home Loans has shown a flat performance in the second quarter of the fiscal year 2024-2025. However, there has been a slight improvement in the company's score, which has gone from -8 to -2 in the last three months.

One positive aspect of the financials is the increase in Profit After Tax (PAT) for the half-yearly period, which stands at Rs 0.16 crore compared to the previous 12-month period ending in September 2024, where it was at Rs -3.44 crore. This shows a significant improvement in the company's profitability.

On the other hand, the company's Net Sales for the nine-month period have decreased by 28.02% year on year, standing at Rs 8.89 crore. This indicates a negative trend in the company's sales in the near term.

Despite the mixed financial results, India Home Loans remains a microcap company in the finance-housing industry. Investors should carefully consider all the information before making any investment decisions.
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