Reliance Home Finance, a leading financial company, has declared their Q3 FY24 results on 09 Jan, 2024. The company experienced a significant decline in revenue, with a decrease of 99.89% compared to the previous year. However, the loss also decreased by 98.97% YoY, indicating improved financial performance.
In comparison to the previous quarter, Reliance Home Finance saw a slight growth in revenue, with a 0.5% increase. However, the loss increased by 282.16%, which is a cause for concern.
One positive aspect of the results is the decline in Selling, General & Administrative expenses. These expenses decreased by 18.74% compared to the previous quarter and by 87.91% YoY. This indicates effective cost management by the company.
The operating income of Reliance Home Finance was down by 282.16% compared to the previous quarter and decreased by 102.48% YoY. This decline in operating income is a worrisome trend for the company.
The EPS (Earnings Per Share) for Q3 FY24 is ₹-0.05, which increased by 98.97% YoY. This indicates a positive growth in earnings per share, despite the overall decline in revenue.
In terms of market performance, Reliance Home Finance has delivered impressive returns. The company has recorded a return of 19.59% in the last 1 week, 68.12% in the last 6 months, and 36.47% year-to-date.
Currently, Reliance Home Finance has a market cap of ₹281.33 Cr and a 52-week high/low of ₹5.8 and ₹1.7 respectively. These figures provide insights into the company’s market value and its performance compared to previous periods.
| Period | Q3 FY24 | Q2 FY24 | Q-o-Q Growth | Q3 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 0.16 | 0.16 | +0.5% | 140.77 | -99.89% |
| Selling/ General/ Admin Expenses Total | 0.5 | 0.61 | -18.74% | 4.1 | -87.91% |
| Depreciation/ Amortization | 0 | 0 | -�% | 0.48 | -100% |
| Total Operating Expense | 2.72 | 0.83 | +227.87% | 37.54 | -92.75% |
| Operating Income | -2.56 | -0.67 | -282.16% | 103.23 | -102.48% |
| Net Income Before Taxes | -2.56 | -0.67 | -282.16% | -163.4 | +98.43% |
| Net Income | -2.56 | -0.67 | -282.16% | -249.23 | +98.97% |
| Diluted Normalized EPS | -0.05 | -0.01 | -262.06% | -4.86 | +98.97% |
FAQs
Question : What is the Q3 FY24 profit/Loss as per company?
Ans : ₹-2.56Cr
Question : What is Q3 FY24 revenue?
Ans : ₹0.16Cr
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Published: 12 Jan 2024, 03:52 AM IST