Star Health & Allied Insurance Company Reports Negative Financial Performance in Q2 FY24-25

Star Health & Allied Insurance Company, a largecap finance/NBFC company, has recently declared its financial results for the quarter ending September 2024. According to the latest report, the company has seen a negative financial performance in Q2 FY24-25, with a score of -8 compared to 13 in the previous quarter.

Despite this, there are some positive aspects to the company's financials. The net sales for the quarter were the highest at Rs 4,058.37 crore and have shown growth in each of the last five quarters. This indicates a positive sales trend in the near term.

However, there are also some areas that are not performing well for Star Health & Allied Insurance Company. The Profit Before Tax less Other Income (PBT) for the quarter was at Rs 146.55 crore, which is a decrease of 49.6% compared to the average PBT of the previous four quarters. The same trend can be seen in the Profit After Tax (PAT), which has fallen by 49.2% compared to the average PAT of the previous four quarters.

The company's operating profit (PBDIT) for the quarter was also the lowest in the last five quarters, indicating a negative trend in the near term. The operating profit margin was also at its lowest at 3.61%, showing a decline in the company's efficiency. The PBT for the quarter was also the lowest in the last five quarters, further highlighting the negative trend in the near term.

The earnings per share (EPS) for the quarter were also at its lowest at Rs 1.89, indicating a decline in profitability and lower earnings for shareholders. Based on these financial results, MarketsMOJO has given a 'Strong Sell' call for Star Health & Allied Insurance Company's stock. Investors should carefully consider these factors before making any investment decisions.