Ganesh Housing Finance Corporation reported its financial results for the second quarter of the fiscal year 2024 on October 19, 2023. The company’s revenue decreased by 50.15% compared to the same period last year, while its profit increased by 344.79% year-on-year. On a quarterly basis, the revenue declined by 39.6%, and the profit decreased by 46.69%.
The selling, general, and administrative expenses of Ganesh Housing Finance Corporation increased by 2.25% quarter-on-quarter and 21.46% year-on-year. The operating income also saw a decline of 44.3% on a quarterly basis, but a significant increase of 53.31% compared to the same period last year. The earnings per share (EPS) for the second quarter of FY24 stood at ₹10.31, reflecting a substantial growth of 346.3% year-on-year.
In terms of stock performance, Ganesh Housing Finance Corporation delivered a negative return of -6.35% in the past week. However, it has recorded a positive return of 26.53% over the last six months and an 18.44% return year-to-date. The company currently has a market capitalization of ₹3441.8 Cr, with a 52-week high/low of ₹492 and ₹262.1, respectively. These financial figures provide insights into the company’s current financial health and market position.
