India Shelter Finance Corporation Shows Positive Financial Performance in Q1 FY25

This is not a good sign.

Net Cash Flow – Annually: Lowest at Rs -1,232.97 Cr and Falleneach year in the last three years.The company’s cash revenues from business operations are falling. This is not a good sign.

India Shelter Finance Corporation, a midcap finance company in the housing industry, has recently announced its financial results for the quarter ending March 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 positive performance in the quarter, with a score of 19, an improvement from 16 in the previous quarter. This is a result of the company’s strong financials and positive trends in key areas.

The company’s net sales for the quarter were the highest at Rs 251.27 crore, showing a growth trend in the last five quarters. The operating profit (PBDIT) also saw a positive trend, with the highest at Rs 178.09 crore. The profit before tax (PBT) and profit after tax (PAT) were also at their highest, at Rs 98.62 crore and Rs 83.33 crore respectively.

In terms of growth, the net sales, PBT, and PAT have all shown a positive trend, with growth percentages of 21.3%, 37.7%, and 35.0% respectively. This indicates a strong performance by the company in the near term.

However, there are some areas that need improvement, as seen in the company’s annual financials. The operating cash flow and net cash flow have both fallen in the last three years, which is a cause for concern. This indicates a decline in the company’s cash revenues from business operations.

Overall, India Shelter Finance Corporation has shown a positive financial performance in the quarter ending March 2024. With a ‘Hold’ call from MarketsMOJO, the company is expected to continue its growth in the near term.