Star Housing Fin Reports Strong Financial Results, But Operating Cash Flow Declines

Star Housing Finance, a microcap company in the finance-housing industry, has recently announced its financial results for the quarter ending September 2024. The company has shown a very positive performance in this quarter, with a score of 25, an improvement from 24 in the previous three months. According to the financials, Star Housing Fin has seen a significant growth in net sales, which has increased by 60.28% year on year. The near-term sales trend is also very positive. The company's profit before tax less other income (PBT) has also shown a growth of 45.70% year on year, with a very positive trend in the near term. The profit after tax (PAT) for this quarter is the highest at Rs 3.06 crore and has shown growth in each of the last five quarters, indicating a very positive trend in the near term. The company's net sales for this quarter are also the highest in the last five quarters, with a positive trend in the near term. The operating profit (PBDIT) for this quarter is also the highest in the last five quarters, with a positive trend in the near term. The PBT for this quarter is also the highest in the last five quarters, with a positive trend in the near term. The earnings per share (EPS) for this quarter are also the highest in the last five quarters, showing an increase in profitability and creating higher earnings for shareholders. However, the company's operating cash flow for the last three years has been falling, with the lowest at Rs -129.00 crore annually. This indicates a decline in the company's cash revenues from business operations. Based on these financials, MarketsMOJO has given a 'Sell' call for Star Housing Fin's stock. Investors should carefully consider these financials before making any investment decisions.