Fairfax India (TSE:FIH.U) Releases Quarterly 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 return on equity of 7.81% and a net margin of 56.53%.

Fairfax India Trading Down 0.9%

Shares of FIH.U stock traded down C$0.17 during mid-day trading on Friday, reaching C$18.23. 20,180 shares of the stock traded hands, compared to its average volume of 45,299. Fairfax India has a 1-year low of C$15.63 and a 1-year high of C$19.48. The company has a quick ratio of 0.50, a current ratio of 4.56 and a debt-to-equity ratio of 16.41. The company has a market cap of C$2.45 billion, a price-to-earnings ratio of 9.80, a price-to-earnings-growth ratio of 0.71 and a beta of 0.75. The stock’s fifty day simple moving average is C$18.04 and its two-hundred day simple moving average is C$17.69.

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.