Semi-urban and rural-focused home finance company Star Housing Finance Ltd (Star HFL) has reported a 70 per cent jump in its revenue for the April-June quarter on strong growth in interest income and commission fee.

Star Housing Finance reports 70% revenue growth in April-June quarter

Mumbai (Maharashtra) [India], July 26: Star Housing Finance Limited (Star HFL), a BSE listed company (BSE Scrip code BOM: 539017) semi urban and rural focused home finance company has maintained its growth trajectory in the retail home finance space and has resultantly reported strong business and financial performance for the quarter ending on June 30, 2024.

Star Housing Finance Ltd gave strong momentum with growth of 2x in PAT QoQ in FY 24-25

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

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Star Housing Finance Ltd is an India-based non-deposit-taking housing finance company, which is engaged in into the business of providing housing loans and property loans. The company is primarily engaged in the business of providing loans to individuals, corporate and developers for the purchase, construction, development and repair of houses, apartments and commercial properties in India. The Company provides loans for the purchase or construction of residential houses. Its loan products include home loan, mortgage loan and builder loan. The Company offers home loan for the purchase of flats and houses, renovation of existing units, extension of existing units and purchase of plot for construction of houses. It offers builder loan for the construction of residential flats. The Company is focused on providing financing products to the lower and middle-income (LMI) segments in India, primarily in Tier II and Tier III cities and towns.

Star Housing Finance Ltd

Star Housing Finance Ltd

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Star Housing Finance reports 70% revenue growth in April-June quarter

Star Housing Finance Ltd gave strong momentum with growth of 2x in PAT QoQ in FY 24-25