Star Housing Finance Sees Remarkable 70% Revenue Growth in Q1 2024-25
Housing Finance, Home Loans, Real Estate, Semi-urban Housing, Rural Housing
Housing FinanceHome LoansReal EstateSemi Urban HousingRural HousingReal Estate NewsJul 27, 2024
The company's interest income rose to Rs 18.08 crore in the first quarter of FY25, up from Rs 11.20 crore in April-June 2023-24. Additionally, assets under management (AUM) soared by 73.55% to Rs 471.41 crore in the June quarter, compared to the same period last year. Disbursements also saw a significant increase, reaching Rs 61.23 crore in the quarter under review.
Profit after tax (PAT) rose by 94% to Rs 3.02 crore in the quarter, up from Rs 1.55 crore in the year-ago period. This impressive growth is a testament to the company's focus on providing affordable housing finance to semi-urban and rural areas.
Star Housing Finance Ltd, a BSE-listed company, has been at the forefront of providing housing finance solutions to underserved markets. With its strong presence in semi-urban and rural areas, the company has been able to tap into the growing demand for affordable housing.
Star Housing Finance Ltd is a leading home finance company that provides affordable housing finance solutions to semi-urban and rural areas. The company is committed to empowering people to own their dream homes and has been at the forefront of driving financial inclusion in India.
Star Housing Finance Ltd is a BSE-listed company that has been providing housing finance solutions to semi-urban and rural areas for several years. The company's mission is to provide affordable housing finance to underserved markets and drive financial inclusion in India.
Frequently Asked Questions
What is the revenue growth of Star Housing Finance in Q1 2024-25?
The company's revenue grew by 70% to Rs 20.96 crore in Q1 2024-25.
What is the interest income of Star Housing Finance in Q1 2024-25?
The company's interest income rose to Rs 18.08 crore in Q1 2024-25.
What is the growth in assets under management (AUM) of Star Housing Finance in Q1 2024-25?
The company's AUM grew by 73.55% to Rs 471.41 crore in Q1 2024-25.
What is the profit after tax (PAT) of Star Housing Finance in Q1 2024-25?
The company's PAT rose by 94% to Rs 3.02 crore in Q1 2024-25.
What is the mission of Star Housing Finance Ltd?
The company's mission is to provide affordable housing finance to underserved markets and drive financial inclusion in India.
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