Sahara Housing Fina Corp Shows Promising Growth in Q1 2024 Financial Results

May 29 2024 06:45 PM IST
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Sahara Housing is making progress towards profitability and creating value for its shareholders.
Sahara Housing Fina Corporation, a microcap finance company in the housing industry, has recently announced its financial results for the quarter ending March 2024. The results, declared on May 29, 2024, have received a 'Strong Sell' rating from MarketsMOJO.

Despite a flat performance in the quarter, Sahara Housing has shown improvement in its overall score, which has increased from -1 to 2 in the last three months. This indicates that the company is taking steps towards growth and improvement.

One of the key highlights of the financial results is the company's Profit After Tax (PAT) for the quarter, which stands at Rs 0.45 crore. This is the highest PAT recorded in the last five quarters and shows a positive trend in the near term. Additionally, Sahara Housing's Earnings per Share (EPS) for the quarter is also at its highest in the last five quarters, at Rs 0.64. This indicates that the company is becoming more profitable and creating higher earnings for its shareholders.

Overall, Sahara Housing's financial results for the quarter ending March 2024 show promising signs of growth and improvement. However, investors should take note of the 'Strong Sell' rating given by MarketsMOJO and make informed decisions based on their own research and analysis.
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