Home First Finance Company India Ltd - 543259 - Announcement under Regulation 30 (LODR)-Date of payment of Dividend
Intimation of date of payment for Final Dividend to the Equity Shareholders for FY24.27-05-2024
27-05-2024
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.
Intimation under Regulation 42 of the SEBI Listing Regulations, 2015 - Record date for the purpose of determining the eligibility of Shareholders for the dividend is Friday, June 07, 2024.27-05-2024
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 2015.23-05-2024
Home First Finance Company India Ltd - 543259 - Compliances-Reg.24(A)-Annual Secretarial Compliance
Annual Secretarial Compliance Report pursuant to Regulation 24A of SEBI Listing Regulations20-05-2024
Home First Finance Company India Ltd - 543259 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of the earnings conference call for the quarter and year ended March 31, 202415-05-2024
Home First Finance Company India Ltd - 543259 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Outcome of Schedule of Analyst / Institutional Investor meeting under the SEBI (Listing Obligations and Disclosure Requirements), Regulations 201515-05-2024
Home First Finance Company India Ltd - 543259 - Announcement Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - HOMEFIRST Achieved A Major Milestone: INR 10,000 Crore Assets Under Management (AUM)
Home First achieved a Major milestone: INR 10,000 crore Assets Under Management (AUM).15-05-2024
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, 2024.09-05-2024
Home First Finance Company India Ltd - 543259 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper clippings of the Audited Financial Results for the quarter and year ended March 31, 2024, published in English newspaper - Mint and Regional (Marathi) Newspaper - Prathakal on May 9, 2024.09-05-2024
Q4FY24 Quarterly & FY24 Annual Result Announced for Home First Finance Company India Ltd.
Housing Finance company Home First Finance Company India announced Q4FY24 & FY24 results: Financial Highlights: Growth momentum continues in FY24 with disbursements at Rs 3,963 crore growing by 31.5% YoY. AUM at Rs 9,698 crore grew by 34.7% on YoY; with an industry leading home loan mix of 86%. Leading ROE’s: FY24 15.5% (+200bps YoY) & Q4FY24 16.1% (+170bps YoY); Asset quality strong. Expanding distribution with 133 branches (+22 on YoY basis) across 13 states. Commenting on the performance Manoj Viswanathan, MD & CEO said, “We are happy to conclude FY24 on a strong base & we continue the growth momentum forward to FY25. This has been supported by the booming Indian economy and strong tailwinds which has a positive effect on the housing demand coupled with our differentiated business model allowing us to grow on a pan-India basis with robust risk-management processes. Disbursements at Rs 3963 crore, grew by 31.5% and AUM grew by 34.7%. Spreads remain healthy at 5.4%. PAT at Rs 306 crore grew by 33.9% on y-o-y basis leading to ROA of 3.8%. Delighted to deliver ROE of 15.5% for FY24 and Q4FY24 saw it higher at 16.1% even in a high interest rate environment. We continue to build distribution by simultaneously entering new markets and deepening our presence in existing markets. States of Uttar Pradesh, Madhya Pradesh and Rajasthan are emerging as large affordable housing markets and we have taken steps to strengthen our presence and expand distribution in these states. Overall, we have added 22 branches in FY24 and now have 133 physical branches. Including potential & digital branches, we now do business across 321 touchpoints across Tier 1 to Tier 5 markets in 13 states / UT of India. Our asset quality continues to be strong with a focus on early delinquencies 1+ DPD is at 4.2% (decline of 30 bps on q-o-q). 30+ DPD at 2.8% (decline of 20 bps on q-o-q). Gross Stage 3 (GNPA) is at 1.7% (flat on q-o-q). Prior to RBI classification circular of Nov’21, it stands at 1.1%. Our credit cost at 10bps (decline of 20 bps on q-o-q basis). Our overall collections remain strong and in Q4FY24; we have had considerable recoveries from previously written-off accounts contributing to these credit cost levels. We continue to maintain our credit cost guidance of 30 to 40-bps. Digital adoption continues to be strong and a key area of our focus as we grow. 95% of our customers are registered on our app as on Mar’24. Unique User Logins was 53% in Q4FY24. Service requests raised on app was stable at 89%. In Q4FY24, we have processed 47% of sanctions via Account Aggregator route. We are confident to continue the growth momentum led by a strong economic environment, rising middle class population, expanding distribution network and differentiated business model. We continue to stay focused on providing loans for affordable housing, led by distribution and use of technology, backed by diversified funding and strong risk management.” Result PDF08-05-2024