Fairfax India Holdings Sees Significant Earnings Growth

Author: Lucas Young Updated: 07-31-2025 05:13 PM

Fairfax India Holdings Reports Strong Earnings

Toronto-based Fairfax India Holdings Corporation (TSX: FIH) has announced impressive results for the second quarter, showcasing a comprehensive financial growth story. The company reported net earnings of $278.1 million, or $2.06 per diluted share. This marks an increase from $254.1 million in the second quarter of the previous year, which equated to $1.88 per diluted share. This growth is notable as it reflects the company's strong investment strategies and performance in the equity markets.

Key Financial Highlights

The highlights for this quarter underline the effectiveness of Fairfax India's investment approach:

Unrealized Gains on Investments

There was a notable change in unrealized gains, amounting to $330.9 million primarily stemming from increased fair values of the company's publicly listed investments, which totaled $329.1 million. Key contributors included IIFL Capital, which rose by $129.2 million, IIFL Finance with $110.2 million, and other substantial gains from CSB Bank and Fairchem Organics.

Share Buyback Program

During this quarter, Fairfax India continued its commitment to enhance shareholder value by repurchasing shares under its normal course issuer bid. They successfully acquired 28,758 subordinate voting shares for a total cost of approximately $0.4 million, with an average buyback price of $15.19 per share.

Strong Financial Position

As of June 30, 2025, the company maintained a robust financial stance with cash and marketable securities totaling $107 million. Additionally, there is $79.2 million readily available under its revolving credit facility, supporting its strategic investment initiatives further.

Shareholder Metrics

The weighted average common shares outstanding for the second quarter stood at 134.8 million shares. Despite the share buyback, the total number of subordinate and multiple voting shares at the end of June 2025 was approximately 134.8 million subordinate voting shares and 30 million multiple voting shares.

Long-term Strategy and Investment Philosophy

Fairfax India Holdings is focused on achieving long-term capital appreciation while prioritizing capital preservation. The company strategically invests in public and private equity and debt instruments, targeting opportunities primarily within India and related markets.

Contact Information

For further details, reach out to:

John Varnell, Vice President, Corporate Affairs
(416) 367-4755

Frequently Asked Questions

1. What were Fairfax India's earnings for the second quarter of 2025?

Fairfax India reported net earnings of $278.1 million for the second quarter of 2025.

2. How much did the company earn per diluted share?

The earnings per diluted share for the second quarter were $2.06.

3. What contributed to the unrealized gains?

The unrealized gains were primarily due to increases in the fair values of publicly listed investments, totaling approximately $329.1 million.

4. How many shares did Fairfax India repurchase in this quarter?

Fairfax India repurchased 28,758 subordinate voting shares at an average price of $15.19 per share.

5. What is Fairfax India’s long-term investment strategy?

The company aims for long-term capital appreciation while preserving capital by investing in various equity securities and debt instruments.

About The Author

Even at just 28 years old, Lucas Young has made a name for himself as a writer and financial expert. Lucas is a gifted communicator of difficult financial ideas and has written a number of well-received books and articles that appeal to both new and experienced investors. The financial world has come to rely on his perceptive analysis and useful counsel. Many people have been enabled to make wise investment decisions by Lucas's commitment to financial literacy and his ability to demystify the complexities of the market. Lucas is still dedicated to advising and teaching people on their financial journeys as he shares his knowledge.

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