Fairfax India (TSE:FIH.U) Announces Earnings Results

Fairfax India (TSE:FIH.U) announced its quarterly earnings results on Thursday. The company reported C$2.42 EPS for the quarter, FiscalAI reports. Fairfax India had a net margin of 56.53% and a return on equity of 7.81%.

Fairfax India Stock Down 0.9%

Shares of TSE FIH.U traded down C$0.17 during mid-day trading on Friday, reaching C$18.23. 20,280 shares of the company’s stock traded hands, compared to its average volume of 45,301. The company has a debt-to-equity ratio of 16.41, a current ratio of 4.56 and a quick ratio of 0.50. The business has a 50-day simple moving average of C$18.04 and a 200 day simple moving average of C$17.69. The stock has a market cap of C$2.45 billion, a P/E ratio of 9.80, a PEG ratio of 0.71 and a beta of 0.75. Fairfax India has a 1-year low of C$15.63 and a 1-year high of C$19.48.

About Fairfax India

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.