Sahara Housingfina Corporation Reports Q1 Profit of ₹21.26 Lakhs
Sahara Housing Fina Corporation announced unaudited Q1 results ending June 30. The company reported total income of ₹175.14 lakhs, with ₹174.85 lakhs from operations. Profit before tax was ₹24.97 lakhs, and profit after tax stood at ₹21.26 lakhs. EPS was ₹0.30. Total expenses were ₹150.17 lakhs, including finance costs, employee benefits, and other expenses. The company saw a positive impact of ₹16.01 lakhs from impairment on financial instruments. Results were approved by the Board after audit committee review and limited review by statutory auditors.
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Sahara Housing Fina Corporation , a housing finance company, has announced its unaudited financial results for the first quarter, ending June 30. The company reported a profit after tax of ₹21.26 lakhs, showcasing its financial performance in the housing finance sector.
Financial Highlights
- Total Income: The company reported a total income of ₹175.14 lakhs.
- Revenue from Operations: Core operations generated ₹174.85 lakhs, primarily driven by interest income of ₹174.05 lakhs.
- Profit Before Tax: Achieved a profit before tax of ₹24.97 lakhs.
- Profit After Tax: Net profit stood at ₹21.26 lakhs.
- Earnings Per Share: Both basic and diluted EPS were reported at ₹0.30 (not annualized).
Key Financial Metrics
| Particulars | Amount (₹ in lakhs) |
|---|---|
| Total Income | 175.14 |
| Revenue from Operations | 174.85 |
| Interest Income | 174.05 |
| Total Expenses | 150.17 |
| Profit Before Tax | 24.97 |
| Profit After Tax | 21.26 |
| Total Comprehensive Income | 21.61 |
Expense Breakdown
The company's total expenses amounted to ₹150.17 lakhs, which included:
- Finance costs: ₹40.34 lakhs
- Employee benefit expenses: ₹71.31 lakhs
- Depreciation and amortization: ₹9.34 lakhs
- Other expenses: ₹45.19 lakhs
Notably, the company reported a positive impact of ₹16.01 lakhs from impairment on financial instruments.
Board Approval and Audit Review
The financial results were reviewed by the audit committee and subsequently approved by the Board of Directors at their meeting held on August 13. The results have undergone a limited review by the company's statutory auditors, B.M. CHATURVEDI & Co., Chartered Accountants.
Capital Structure
Sahara Housing Fina Corporation maintains a paid-up equity share capital of ₹700 lakhs, with shares having a face value of ₹10 each.
The company's financial performance reflects its continued operations in the housing finance sector, with a focus on generating interest income and managing operational expenses. The positive profit figures indicate the company's ability to navigate the current market conditions in the housing finance industry.
Historical Stock Returns for Sahara Housing Fina Corporation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.66% | -8.02% | -0.03% | -2.27% | -2.30% | +17.85% |
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