India Shelter Finance Corporation Reports Strong Financial Performance in September 2024 Quarter
India Shelter Finance Corporation, a midcap finance company specializing in housing loans, 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, India Shelter Finance Corporation has shown a very positive performance in the quarter, with a score of 23 out of 20 in the last three months. This is a significant improvement from the previous quarter and 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 and reached a record high of Rs 282.56 crore in the September 2024 quarter. This trend is expected to continue in the near future, indicating a strong demand for the company's housing loans.
The company's operating profit (PBDIT) has also shown a positive trend, with a record high of Rs 203.73 crore in the September 2024 quarter. This is a significant increase from the previous quarter and indicates a strong financial position for the company.
India Shelter Finance Corporation's profit before tax (PBT) has also seen a significant growth of 40.4% over the average PBT of the previous four quarters. This is a positive sign for the company's profitability and indicates a strong potential for future growth.
The company's earnings per share (EPS) have also shown a positive trend, reaching a record high of Rs 8.39 in the September 2024 quarter. This indicates that the company has been able to generate higher earnings for its shareholders.
However, there are some areas that need improvement for India Shelter Finance Corporation. The company's operating cash flow has been falling each year in the last three years, with a record low of Rs -1,232.33 crore in the last financial year. This indicates that the company's cash revenues from business operations are declining and needs to be addressed.
Overall, India Shelter Finance Corporation has shown a strong financial performance in the September 2024 quarter, with positive trends in key areas such as net sales, operating profit, and profit before tax. With a 'Hold' call from MarketsMOJO, the company is expected to continue its growth trajectory in the near future.
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