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**India Shelter Finance Corporation Limited - Quarterly Financial Overview**
India Shelter Finance Corporation Limited has released its consolidated financial results for the quarter and nine months ending December 31, 2024. Key highlights include:
- **Revenue Growth**: Total consolidated revenue from operations reached ₹2,828.05 crore, reflecting a year-over-year growth of approximately 9% driven by stronger demand in housing finance and effective market strategies.
- **Profit and EPS**: The company reported a net profit of ₹2,007.46 crore, a notable increase from ₹1,893.07 crore in the previous year, indicating robust profitability. Earnings Per Share (EPS) for the quarter stood at ₹25.14.
- **Operational Costs**: Total expenses increased by roughly 5% year-over-year to ₹1,662.49 crore. The rise is attributed to higher employee benefit expenses and finance costs, which were strategically managed to maintain profit margins.
- **Balance Sheet & Cash Flow**: The company's net worth rose to ₹2,59,470.27 crore. The debt-equity ratio remained stable at 1.75, suggesting a balanced approach to leveraging. The liquidity position is strong, with a Liquidity Coverage Ratio (LCR) of 416.07%.
- **Strategic Position and Outlook**: Management appears focused on cost control and expanding its lending portfolio, with plans for issuing Non-Convertible Debentures (NCDs) up to ₹1,000 crore to further enhance funding capabilities. The current market sentiment is positive, reflecting investor confidence.
- **Investor Insight**: Given the strong financial performance, effective cost management, and growth prospects, a favorable position is suggested for investors.
Overall, India Shelter Finance’s performance in the recent quarter indicates a solid foundation with strategic growth opportunities on the horizon.
All announcements from India Shelter Finance Corporation Limited