Fairfax India (TSE:FIH.U) Issues Quarterly Earnings Results

Fairfax India (TSE:FIH.U) announced its earnings results on Tuesday. The company reported C$0.40 EPS for the quarter, FiscalAI reports. The company had revenue of C$79.69 million during the quarter. Fairfax India had a return on equity of 7.81% and a net margin of 56.53%.

Fairfax India Stock Down 1.5%

Shares of TSE FIH.U traded down C$0.28 during midday trading on Tuesday, hitting C$17.86. 27,692 shares of the company’s stock were exchanged, compared to its average volume of 42,439. The company has a debt-to-equity ratio of 16.41, a current ratio of 4.56 and a quick ratio of 0.50. Fairfax India has a twelve month low of C$15.63 and a twelve month high of C$20.22. The company has a market cap of C$2.40 billion, a PE ratio of 11.99, a P/E/G ratio of 0.71 and a beta of 0.75. The firm’s fifty day simple moving average is C$17.96 and its 200-day simple moving average is C$17.85.

Fairfax India Company Profile

Fairfax India Holdings Corp is an investment holding company. Its investment objective is to achieve long-term capital appreciation, while preserving capital, by investing in public and private equity securities and debt instruments in India and Indian businesses or other businesses with customers, suppliers, or business conducted in or dependent on India. The company operates through investing in the India segment and it earns income through the source of interest and dividends.