SRG Housing Finance Reports Positive Financial Results, Shows Growth in Key Indicators
SRG Housing Finance, a microcap company in the finance-housing industry, has recently announced its financial results for the quarter ending March 2024. The stock has been given a 'Hold' call by MarketsMOJO.According to the financials, SRG Housing has shown a very positive performance in the last quarter, with a score of 24, which is an improvement from 20 in the previous 3 months. This indicates that the company is on a positive growth trajectory.
One of the key factors contributing to this growth is the increase in net sales, which has been the highest at Rs 36.15 crore and has shown a consistent growth in the last five quarters. This trend is expected to continue in the near term, indicating a positive outlook for the company.
The operating profit (PBDIT) has also seen a significant increase, reaching its highest at Rs 22.60 crore and showing growth in each of the last five quarters. This indicates that the company is managing its operations efficiently and is on a path towards profitability.
The profit before tax (PBT) less other income has also shown a positive trend, with the highest at Rs 7.20 crore and growth in the last five quarters. This indicates that the company is making sound financial decisions and is on track to increase its profitability.
The profit after tax (PAT) has also seen a significant increase, reaching its highest at Rs 6.09 crore and showing growth in each of the last five quarters. This is a positive sign for the company and its shareholders, as it indicates a strong financial performance.
In addition, the PAT has grown at 45.7% year on year, while the net sales have grown at 37.82% year on year, and the PBT has grown at 39.81% year on year. These numbers further reinforce the positive trend in the company's financials.
Moreover, the company has also shown an increase in earnings per share (EPS), reaching its highest at Rs 4.58 in the last five quarters. This indicates that the company is creating higher earnings for its shareholders, which is a positive sign for investors.
Overall, SRG Housing Finance has shown a strong financial performance in the last quarter, with positive trends in key financial indicators. This indicates that the company is on a path towards growth and profitability, making it a promising investment option in the finance-housing industry.
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