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Today Date : Thursday, May 23, 2024

Star Housing Finance Limited reported 545% growth in net profit after tax in first nine months of FY

Star Housing Finance Limited reported 545% growth in net profit after tax in first nine months of FY

STAR Housing Finance Limited (Star HFL), a BSE listed (BSE Scrip code BOM: 539017) rural home finance company has posted a strong Q3 performance of

545 per cent year-on-year (YoY) growth on PAT for nine month ending December 31, 202.It is now well poised to generate meaningful ROA and ROE for shareholders as the book builds and income gets booked for the entire period from hereon. 

Small-cap financial company

Total income comprising of Interest Income and Other Income has registered 80 per cent YoY growth for nine month ending December 31, 2022. It has crossed the landmark 100+ crore loan disbursement for the first time in a financial year and one quarter is still left in the current fiscal.While announcing the Q3 results for the financial year 2022-23, small-cap financial company claimed that Star HFL is now a 100 crore net-worth company. This milestone has been achieved with 3 rounds of successful capital raise over the last 12 business months according to Mr. Ashish Jain, MD of Star HFL.