Star Housing Finance Sees Impressive 70% Revenue Growth in Q1 2024-25
Housing, Realty, Real Estate. Star Housing Finance Ltd reports strong revenue growth in April-June quarter, driven by interest income and commission fee.
Housing FinanceReal EstateRevenue GrowthInterest IncomeCommission FeeReal EstateJul 27, 2024
According to a release, total revenue rose to Rs 20.96 crore in the first quarter of FY25, up from Rs 12.29 crore in the year-ago period. Interest income also saw a substantial rise, reaching Rs 18.08 crore in Q1 2024-25, compared to Rs 11.20 crore in April-June 2023-24.
The company's assets under management (AUM) have also witnessed a significant growth of 73.55% to Rs 471.41 crore in the June quarter, as compared to the year-ago period. Disbursements stood at Rs 61.23 crore during the quarter under review.
Profit after tax (PAT) has also seen a substantial increase of 94% to Rs 3.02 crore in the quarter, up from Rs 1.55 crore in the year-ago period.
Information
Star Housing Finance Ltd is a BSE-listed company that provides home finance services to semi-urban and rural areas. The company's focus on these regions has enabled it to tap into the growing demand for housing in these areas.
Star Housing Finance Ltd is a leading home finance company in India, providing home loan solutions to semi-urban and rural areas. The company is committed to providing affordable housing solutions to its customers and has a strong presence in the Indian housing finance market.
Frequently Asked Questions
What was the revenue growth reported by Star Housing Finance Ltd in Q1 2024-25?
The company reported a 70% jump in its revenue for the April-June quarter of 2024-25.
What contributed to the revenue growth of Star Housing Finance Ltd?
The growth in interest income and commission fee contributed to the company's revenue growth.
What was the profit after tax (PAT) of Star Housing Finance Ltd in Q1 2024-25?
The PAT of the company stood at Rs 3.02 crore in the quarter, up from Rs 1.55 crore in the year-ago period.
What is the focus area of Star Housing Finance Ltd?
The company's focus area is providing home finance services to semi-urban and rural areas.
What was the assets under management (AUM) of Star Housing Finance Ltd in the June quarter?
The AUM of the company stood at Rs 471.41 crore in the June quarter, up from the year-ago period.
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