2024-11-07 11:11:48 :
AADHAR HOUSING FINANCE second quarter results released live: AADHAR HOUSING FINANCE announced its second quarter results on November 6, 2024, showing a significant decline in both revenue and profit. The company’s revenue fell by 37.92% year-on-year, and its profit fell by 33.79% year-on-year.
Compared with the previous quarter, AADHAR HOUSING FINANCE showed some positive signs, with revenue increasing by 7.21% and profit increasing by 13.68%. That suggests there could be a rebound from last quarter’s challenges.
The company’s selling expenses, general expenses and administrative expenses increased slightly by 3.24% month-on-month, but dropped significantly by 56.2% year-on-year. The reduction in expenses could help improve profitability in the future.
Operating income also reflected mixed results, rising 8.19% month-on-month but down significantly 37.45% year-over-year. This indicates that the company’s operating performance continues to fluctuate.
Second quarter earnings per share (EPS) were $5.4, ​​a year-on-year decrease of 37.76%. The decline in earnings per share was consistent with the overall decline in the company’s reported profitability.
As of November 7, 2024, analysts are cautiously optimistic about AADHAR HOUSING FINANCE. Of the five analysts covering the company, one has a Buy rating and four have Strong Buy ratings, indicating that the outlook remains positive despite the recent quarterly results.
Consensus recommendations as of November 7, 2024, favor Strong Buy, reflecting analysts’ confidence in the company’s ability to restore and strengthen its financial position in the coming quarters.
AADHAR Housing Finance Finance
| period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
|---|---|---|---|---|---|
| total revenue | 758.61 | 707.56 | +7.21% | 1221.97 | -37.92% |
| Total Selling/General/Administrative Expenses | 114.22 | 110.64 | +3.24% | 260.78 | -56.2% |
| Depreciation/Amortization | 6.2 | 6.11 | +1.47% | 9.76 | -36.48% |
| total operating expenses | 186.67 | 178.9 | +4.34% | 307.57 | -39.31% |
| operating income | 571.94 | 528.66 | +8.19% | 914.4 | -37.45% |
| net income before tax | 292.43 | 257.24 | +13.68% | 440.42 | -33.6% |
| net income | 227.51 | 200.14 | +13.68% | 343.61 | -33.79% |
| Diluted normalized earnings per share | 5.4 | 5.21 | +3.49% | 8.67 | -37.76% |
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