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.
Related News Articles
Maharashtra Deputy CM Warns Adani Group: Follow State Government's Instructions or Lose Dharavi Contract
Deputy Chief Minister Devendra Fadnavis says the state government has control over the Dharavi redevelopment project and Adani group must follow its instructions.
Mumbai Real Estate Sector Applauds RBI's Steady 6.5% Repo Rate, Awaits Boost in Home Sales
The real estate sector in Mumbai has welcomed the Reserve Bank of India's decision to maintain the repo rate at 6.5% for the 10th consecutive time, especially as it aligns with the festive season. This stability is expected to drive increased home sales a
Diwali 2024: Are Festive Discounts Significant for Mumbai's High-End Homebuyers?
The Mumbai real estate market has observed a 10% drop in property registrations during the Ganesh festival. New projects priced above ₹5 crore are being launched, and luxury homebuyers show a unique approach towards festive offers.
Maharashtra Government Set to Expand Cabinet on December 15
Mumbai: The Maharashtra BJP-led government is set to expand its cabinet on December 15, with an official swearing-in ceremony scheduled for 3 PM. The expansion is expected to bring 30 new ministers into the fold, aiming to strengthen the ruling coalition'
Poor Air Quality in Mumbai Comparable to Smoking 10 Cigarettes a Day
These devices, he argues, should become standard features in modern real estate developments - especially in cities where air quality has deteriorated significantly.
Hubtown Sees Stock Drop as Real Estate Sector Struggles
Hubtown, a small-cap construction and real estate firm, continues to face significant stock decline, mirroring broader weaknesses in the real estate market.