Reliance Home Finance (BOM:540709) EBIT : ₹-99.83 Mil (TTM As of Mar. 2024)

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What is Reliance Home Finance EBIT?

Reliance Home Finance's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ₹-67.52 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-99.83 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Reliance Home Finance's annualized ROC % for the quarter that ended in Mar. 2024 was -156.56%. Reliance Home Finance's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -178.36%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Reliance Home Finance's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -4.11%.

Reliance Home Finance EBIT Historical Data

The historical data trend for Reliance Home Finance's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Reliance Home Finance EBIT Chart

Reliance Home Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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-5,648.00

-22,820.50

-79,039.20

2,303.00

-38.09

Reliance Home Finance Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															-1,628.67	8,408.94	-6.70	-25.61	-67.52

Competitive Comparison of Reliance Home Finance's EBIT

For the Mortgage Finance subindustry, Reliance Home Finance's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Reliance Home Finance's EV-to-EBIT Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Reliance Home Finance's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Reliance Home Finance's EV-to-EBIT falls into.

Reliance Home Finance EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-99.83 Mil.

Reliance Home Finance (BOM:540709) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Reliance Home Finance's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-270.092 * ( 1 - 0% )	/	( (0	+	172.515)	/ 1 )
=	-270.092	/	172.515
=	-156.56 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	298.246	-	4.207	-	( 121.524	-	max(0, 4.207	-	277.162	+	121.524	))
=	172.515

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Reliance Home Finance's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-270.092	/	( ( (0 + max(0, 0))	+	(0 + max(151.431, 0)) )	/	1 )
=	-270.092	/	( ( 0	+	151.431 )	/	1 )
=	-270.092	/	151.431
=	-178.36 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	155.638)	-	(4.207	+	0	+	0)
=	151.431

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Reliance Home Finance's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-99.828	/	2427.257
	=	-4.11 %

Reliance Home Finance EBIT Related Terms

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Reliance Home Finance (BOM:540709) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Reliance Home Finance Ltd (BOM:540709) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

RHFL:India

Address

The Ruby, Senapati Bapat Marg, North-West Wing, Plot No. 29, 11th Floor, Dadar West, Mumbai, MH, IND, 400 028

Website

https://www.reliancehomefinance.com

Reliance Home Finance Ltd is an India-based company engaged in the housing finance business. It provides a range of housing finance solutions such as home loans, affordable housing loans, loan against property, and construction finance. In addition, it also provides property solutions service. The company derives key revenue from the interest received from housing and other loans. The business operations of the company are carried out in India.

Reliance Home Finance (BOM:540709) Headlines

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