Profit after tax rose 94 percent to Rs 3.02 crore in the quarter, compared to Rs 1.55 crore in the year-ago period | Representative Image
Semi-urban and rural housing finance company Star Housing Finance Ltd (Star HFL) reported a 70 per cent increase in revenues in the April-June quarter on the back of strong growth in interest income and commission expenses.
Total revenue rose 70 per cent to Rs 20.96 crore for the April-June quarter of 2024-25 from Rs 12.29 crore in the year-ago period, the BSE-listed company said in a press release. Interest income rose to Rs 18.08 crore in the first quarter of FY25 from Rs 11.20 crore in April-June 2023-24.
Assets under management rose 73.55 per cent to Rs 471.41 crore in the June quarter compared to the same period last year. Disbursements stood at Rs 61.23 crore in the quarter under review.
Profit after tax rose 94 percent to Rs 3.02 crore in the quarter, compared with Rs 1.55 crore in the same period a year earlier.
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First print: Jul 27, 2024 | 7:05 PM IST