Star Health Reports Record Quarterly Sales Amid Declining Profitability for Half-Year Period

Jan 28 2025 09:16 PM IST
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Star Health & Allied Insurance Company has announced its financial results for the quarter ending December 2024, showcasing record quarterly net sales of Rs 4,145.95 crore, reflecting consistent growth. However, the Profit After Tax for the half-yearly period declined by 21.32%, indicating challenges in profitability despite strong sales performance.
Star Health & Allied Insurance Company has recently reported its financial results for the quarter ending December 2024. The company, operating in the Finance/NBFC sector, has experienced a notable evaluation change, with its score shifting to 0 from -8 over the past three months.

The financial data reveals that Star Health Insu achieved its highest quarterly net sales at Rs 4,145.95 crore, marking consistent growth each quarter over the last five quarters. This positive trend in sales indicates a robust performance in the near term.

Conversely, the company faced challenges with its Profit After Tax (PAT), which stood at Rs 326.43 crore for the half-yearly period. This figure reflects a year-on-year decline of 21.32%, suggesting a negative trend in PAT in the near term.

Overall, the financial results present a mixed picture for Star Health & Allied Insurance Company, highlighting both strengths in sales growth and areas of concern regarding profitability.

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