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 2015 Home First Finance Company India Ltd - 543259 - Intimation Of Record Date For The Purpose Of Determining The Eligibility Of The Equity Shareholders For The Dividend
We wish to inform that the Board of Directors of the Company at its meeting held on Tuesday, May 2, 2023 had, inter alia, approved and recommended a final dividend of Rs 2.60/- per equity share for FY23, subject to the approval of shareholders at the 14th Annual General Meeting (AGM) scheduled to be held on June 8, 2023. In this regard, pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015, the record date for the purpose of determining the eligibility of the equity shareholders for the dividend will be Friday, May 19, 2023. Further, the dividend, if approved by shareholders will be paid/dispatched to the shareholders within 30 days from the date of approval by the shareholders at the 14th AGM. 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 2015 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 and year ended March 31, 2023 Home First Finance Company India Ltd - 543259 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Please find enclosed newspaper clippings of the Audited Financial Results for the quarter and year ended March 31, 2023, published in the English newspaper- Mint and Regional (Marathi) newspaper Navshakti on May 3, 2023 in accordance with Regulation 47 and 52 of Listing Regulations. FY23 Annual Result Announced for Home First Finance Company India Ltd.
Home First Finance Company India announced FY23 results: Total Income at Rs 796 crore; YoY growth of 33.6% PPOP stands at Rs 317 crore, a growth of 26.0% on a YoY basis Adjusted PAT at Rs 228 crore, up by 31.1% from Rs 174 crore in FY22 Total CRAR at 49.4%. Tier I capital stands at 48.9% as on Mar’23 Networth as on Mar’23 is at Rs 1,817 crore vs Rs 1,574 crore as on Mar’22 Spread on loans stood at 5.7% in FY23, increase of 10bps over FY22 Total borrowings including debt securities are at Rs 4,814 crore as on Mar’23 up from Rs 3,467 crore on Mar’22. The company continues to carry liquidity of Rs 1,802 crore on Mar’23 Cost of borrowings at 7.4% in FY23, increased by 20 bps compared to 7.2% in FY22 Asset under Management (AUM) of Rs 7,198 crore, growth of 33.8% over Mar’22 Yearly disbursements of Rs 3,013 crore FY23, YoY growth of 48.4% Commenting on the performance Manoj Viswanathan, MD & CEO said, “FY23 year was a year of several notable milestones for the ccompany. We can now take pride in having served 1,00,000 customers since inception with total housing loans disbursed in excess of 10,000 crore. Our physical branch office distribution crossed 100 branches (111 branches as of 31 Mar, 2023) and disbursed more than Rs 3,000 crore in this financial year which is the highest ever since the commencement of business. This year also saw the entry of International Finance Corporation (a member of World Bank Group) as a lending partner to the Company with the issue of NCDs aggregating to Rs 280 Cr. We also received a “low risk” ESG rating from Morningstar’s Sustainalytics, a testament to our best-in-class business practices. 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 265 touchpoints (an increase of 65 from Mar’22 levels) across Tier 1, Tier 2 and Tier 3 markets in 13 states/ UT. HomeFirst’s disbursals momentum increased from Rs 2,031 in FY22 to Rs 3,013 crore in FY23, another high for HomeFirst, leading to AUM growth of 33.8% from Rs 5,380 crore to Rs 7198 crore. Our focus on early bucket collections has further progressed in FY23. 1+ DPD improved from 5.3% to 4.0% on YoY basis. 30+ DPD improved from 3.7% to 2.7% on YoY basis. Gross Stage 3 (GNPA) as per RBI circular dated 12 Nov 2021, improved from 2.3% to 1.6% on YoY basis. Prior to such classification, it stands at 0.9% (Mar’22: 1.3%). Digital adoption has further improved. 93% of our customers are registered on our app as on Mar’23 compared to 91% in Dec’22 & 80% in Mar’22. Unique User Logins improved from 54% in Q4FY22 to 57% in Q4FY23. Service requests raised on app have improved from 83% to 91% on a YoY basis. During FY23, Profit After Tax increased by 31% from Rs 174 crore to Rs 228 crore. ROE improved sharply by 170 bps to 13.5% in FY23 over FY22’s 11.8%. Q4FY23 witnessed ROE of 14.4% vs 12.5% for Q4FY22. Improvement in ROE was backed by strong NIMs (6.4% vs 5.4% YoY), optimal use of cash and judicious operating costs. We believe ROE’s can improve further as we scale and operating leverage benefits continue to flow through. Overall, FY23 was a very good year and we look forward to an even better FY24 given the tailwinds of the housing sector supported by overall economic growth momentum and 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 PDF 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 Company. Home First Finance Company India Ltd - 543259 - Disclosure Of Related Party Transactions For The Half Year Ended March 31, 2023
Disclosure of Related Party Transactions for the half year ended March 31, 2023 Home First Finance Company India Ltd - 543259 - Audited Financial Results For The Quarter And Year Ended March 31, 2023
Audited Financial Results for the quarter and year ended March 31, 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 and year ended March 31, 2023