Star Housing Finance Q1 Result: Revenue Up 70%
Profit after tax rose by 94% to Rs 3.02 crore in the quarter, against Rs 1.55 crore in the year-ago period.
Semi-urban and rural-focused home finance company Star Housing Finance Ltd. has reported a 70% jump in its revenue for the April-June quarter on strong growth in interest income and commission fee.
Total revenue rose by 70% to Rs 20.96 crore for the April-June quarter of 2024-25 compared to Rs 12.29 crore in the year-ago period, the BSE-listed company said in a release. Interest income rose to Rs 18.08 crore in the first quarter of FY25, against Rs 11.20 crore in April-June 2023-24.
Assets under management soared by 73.55% to Rs 471.41 crore in the June quarter over the year-ago period. Disbursements were at Rs 61.23 crore in the quarter under review.
Profit after tax rose by 94% to Rs 3.02 crore in the quarter, against Rs 1.55 crore in the year-ago period.
