Home First Finance Company India Ltd - 543259 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcipt of the earnings conference call for the quarter ended June 30, 202303-08-2023
03-08-2023
Home First Finance Company India Ltd - 543259 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation of Schedule of Analyst / Institutional Investor meeting under the SEBI (Listing Obligations and Disclosure Requirements), Regulations 201531-07-2023
Home First Finance Company India Results Earnings Call for Q1FY24
Conference Call with Home First Finance Company India Ltd. Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.31-07-2023
Home First Finance Company India Ltd - 543259 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Audio Recording of the earnings conference call for the quarter ended June 30, 202328-07-2023
Home First Finance Company India Ltd - 543259 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Please find enclosed newspaper clippings of the Reviewed Financial Results for the quarter ended June 30, 2023, published in the English newspaper - Mint and Regional (Marathi) Newspaper - Prathakal on July 28, 2023 in accordance with Regulations 47 and 52 of the Listing Regulations28-07-2023
Q1FY24 Quarterly Result Announced for Home First Finance Company India Ltd.
Home First Finance Company India announced Q1FY24 results: Q1FY24 ROE at 15%, with HL mix at 87%. Q1FY24 Disbursement at Rs 895 crore (35.4% YoY, 3.0% QoQ), broad-based growth across all markets. AUM at Rs 78 billion (33.3% YoY, 8.0% on QoQ). Asset quality sustains at pre-covid levels. Commenting on the performance Manoj Viswanathan, MD & CEO said, “We stay focused on providing loans for affordable housing, led by distribution and use of technology, backed by diversified funding and strong risk management. We continue to expand our distribution in large affordable housing markets in States where we are already present, going deeper in a contiguous manner. We now do business across 282 touchpoints across Tier 1, Tier 2, and Tier 3 markets in 13 states/ UT. Disbursement in Q1 at Rs 895 crore was higher than in Q4, with a growth of 35.4% on a YoY basis and 3.0% on a QoQ basis, leading to an AUM growth of 33.3% to Rs 7,776 crore. We witnessed a pass-through of rate hikes and an elevated interest rate environment. Our strong liability profile and timely availability of low-cost funding from NHB enabled us to contain the cost of borrowing. The competitive overall cost of borrowing coupled with a PLR increase of 50bps in Apr’23 helped expand spreads on a QoQ basis and sustain NIM on a QoQ basis, despite the increase in leverage. Spreads at 5.7% remain ahead of our guided levels of 5.25%. Asset quality is at pre-covid levels and reflects marginal seasonality impact in Q1FY24. 1+ DPD increased from 4.0% in Q4 to 4.3% in Q1 but showed a yoy decrease of 70 bps. 30+ DPD increased from 2.7% in Q4 to 2.9% in Q1 but showed a yoy decrease of 60 bps. Gross Stage 3 (GNPA) is stable qoq at 1.6% but showing a yoy decline of 50 bps. Before the RBI classification circular of Nov’21, it stands at 1.0% up 10 bps from Q4. Our credit cost is at 40 bps for the quarter PAT at Rs 69 crore was up 34.9% YoY and 8% QoQ. ROA holds steady at 3.9%. Q1FY24 ROE at 15% (+220 bps YoY, +60 bps QoQ) is a testimony of our strong and agile business model. Digital adoption continues to be strong and a key area of our focus as we grow. 93% of our customers are registered on our app as on Jun’23. Unique User Logins were 55% in Q1FY24. Service requests raised on the app were stable at 91%. We believe that given the tailwinds of the housing sector supported by overall economic growth momentum and the strong execution mindset of the company, we will continue to deliver excellent results while staying true to our mission of being the “Fastest Provider of Home Finance for the Aspiring Middle Class, delivered with Ease and Transparency." Result PDF27-07-2023
Home First Finance Company India Ltd - 543259 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Intimation of allotment of Equity Shares against exercise of vested Employee Stock Options under ESOP Schemes of the Company27-07-2023
Home First Finance Company India Ltd - 543259 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Investor press release on the Financial and Operational Performance of the Company for the quarter ended June 30, 202327-07-2023
Home First Finance Company India Ltd - 543259 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presenatation on the Reviewed Financial Results for the quarter ended June 30, 202327-07-2023
Home First Finance Company India Ltd - 543259 - Board Meeting Outcome for Outcome Of The Board Meeting Held On Thursday, July 27, 2023 And Submission Of Reviewed Financial Results For The Quarter Ended June 30, 2023
Outcome of the Board Meeting held on Thursday, July 27, 2023 and submission of Reviewed Financial Results for the quarter ended June 30, 202327-07-2023