Fairfax India Holdings Reports Significant Q1 Loss, Altus Group Posts Mixed Results

Fairfax India Holdings Corporation faced a sharp increase in losses in Q1 2024, while Altus Group reported modest revenue growth and a slight profit.

Fairfax India Holdings Corporation recorded a net loss of $293.5 million in Q1 2024, a significant increase from a $55.5 million loss in Q1 2023.
The company's book value per share dropped by 10.1%, with major unrealized losses on investments, including a $410.9 million loss primarily from listed investments.
Altus Group Limited reported a slight revenue increase of 4.6% in Q1 2024, totaling $199.5 million, with a marginal profit despite previous losses.
Altus announced a quarterly dividend of $0.15 per share, reflecting confidence in financial health despite modest gains.
Both companies are navigating challenging market conditions, with Fairfax India experiencing severe investment losses and Altus focusing on sustained revenue growth and margin expansion.