Star Housing Finance Q1FY23 result : Profit down by 8.19% to ₹1.35 Cr, income grew 9.89% QOQ

Q1 FY2022-23 disbursements stand at ₹22.56 cr (highest quarterly disbursement till date). Expansion across operational geographies in the form of physical offices with induction of employees across functions and locations to enable growth. Looking forward to grow the AUM with a CAGR of 100% and a significant increase in the market cap of the company

Star Housing Finance
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Star Housing Finance Ltd (Star HFL) formerly know as Akmestar Housing Finance Limited is a NHB registered housing finance company incorporated in 2005 (Registered under section 29A of the National Housing Bank Act, 1987 as a Housing Finance Company vide Certificate of Registration No. 12.0080.09 dated Dec 24, 2009).

Akme Star Housing Finance Ltd. (formerly known as Akme Buildhome Pvt. Ltd.) is engaged in providing home loans and mortgage loan. The company has posted its Q1FY23 financial results today, the details are as below :

(I) Unaudited Consolidated Financial Results for Quarter Ended ( comparison):

The company has reported, a consolidated Total Income of ₹6.16 crore in the quarter ended on June 30, 2022 as against ₹5.16 crore in the last quarter ended on Mar 31, 2022, increased by 9.89%.

The company has posted a consolidated Net Profit of ₹1.35 crore in the quarter ended on March 31, 2022 as against ₹1.47 crore in the previous quarter ended on June 30, 2022. The PAT surges down by 8.19%.

The status of the EPS of the company stood at ₹0.08 as on March 31, 2022 compared to the previous quarter ended on June, 2022 which was ₹0.89, down by 8.19%.

₹*June 30, 2022 (Q1FY23)Mar 31, 22 (Q4FY22)
Total Income6.165.16
Total Expenses4.563.70
PBT /(Loss)1.601.90
Total Tax /(credit)0.240.42
PAT /(Loss) [to the owners]1.351.47
*figures are in Crores

(I) Unaudited Consolidated Financial Results for Quarter Ended ( comparison):

The company has reported, a consolidated Total Income of ₹6.16 crore in the financial year ended on June 30, 2022 as against ₹4.47 crore for the same quarter ended on last year June 30, 2021 that increased by 37.72%.

The company has reported, a consolidated Total Income of ₹1.35 crore in the financial year ended on June 30, 2022 as against ₹0.23 crore for the same quarter ended on last year June 30, 2021 that increased by 474.31%.

The status of the EPS of the company stood at ₹0.08 as on June 30, 2022 compared to the quarter ended on last year June 30, 2021 which was ₹0.15, up by 441.72%.

₹*June 30, 2022 (Q1FY23)June 30, 2021 (Q1FY22)
Total Income6.164.47
Total Expenses4.564.15
PBT /(Loss)1.600.3
Total Tax /(credit)0.240.08
PAT /(Loss) [to the owners]1.350.23
*figures are in Crores

(III) Key Highlights about the Performance :

  • Q1 FY2022-23 disbursements stand at ₹22.56 cr (highest quarterly disbursement till date). Expansion across operational geographies in the form of physical offices with induction of employees across functions and locations to enable growth. Looking forward to grow the AUM with a CAGR of 100% and a significant increase in the market cap of the company.
  • AUM stands at ₹116.32 crs with an annualised growth of 23% in Q1 FY2022-23. Discussion with select banks and financial institutions for colending tie-up underway.
Market Times

Shares of Akme Star Housing Finance Ltd was last trading in BSE at ₹142.05 as compared to the previous close of ₹140.45. The total number of shares traded during the day was 49583 in over 215 trades.

The stock last hit in BSE,

  • Intraday High of ₹ 159.30
  • Intraday low of ₹ 150.05