Home First Finance Company India Ltd - 543259 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of the earnings conference call for the quarter ended June 30, 202202-08-2022
02-08-2022
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 201501-08-2022
Home First Finance Company India Ltd - 543259 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Audio Recording of the earnings conference call for the quarter ended June 30, 202228-07-2022
Home First Finance Company India Ltd - 543259 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations')- Newspaper Publication28-07-2022
Q1FY23 Quarterly Result Announced for Home First Finance Company India Ltd.
Home First Finance Company India Announced Q1FY23 Result : AUM grows by ~36% YoY to reach INR 5832 Crs in Jun’22. Business momentum continues with highest ever quarterly disbursals of INR 661 Crs. Asset quality improves further. GNPA reduced by 20bps (QoQ basis) to 2.1% as of Jun’22 Gross Stage 3 / POS (GNPA %) 2.1 - 20 bps In line with RBI circular dated 12 Nov 2021, 1.2% prior to such classification Commenting on the performance Mr.Manoj Viswanathan, MD & CEO said, “HomeFirst continues with the growth momentum in Q1FY23. AUM grew by 8.4% on QoQ and 35.8% on YoY basis, disbursements grew by 3.1% on QoQ basis. PAT grew by 46.0% on YoY basis. We have expanded our footprint by adding 13 new physical branches and increased our touchpoints from 200 in Mar’22 to 224 in Jun’22. This is in-line with our aim to increase our presence in large affordable housing finance markets. We are pleased to report that during the quarter, we have done the first transaction under the co-lending tie-up. During the quarter, we received an rating upgrade on long term credit facilities by ICRA (from A+ Positive to AAStable) and Care Rating (from A+ Stable to AA- Stable). This is in addition to AA- Stable rating assigned by India Ratings on our long term credit facilities in Mar’22. This endorses HomeFirst’s strong financial profile along with its ability to maintain adequate liquidity and exhibit efficient capital management. Amidst the tough environment, we have added 2 new banks i.e. South Indian Bank and Qatar National Bank to diversify our borrowing fund sources. Improvement in asset quality continues across all buckets. Bounce rates improved in Jul’22 to 13.5% (Q1 FY23 – 14.0%, Q4 FY22 – 14.5%). 1+ DPD improved from 5.3% to 5.0% on QoQ basis. 30+ DPD improved from 3.7% to 3.5% on QoQ basis. Our Gross Stage 3 (GNPA) as per RBI circular dated 12 Nov 2021, improved from 2.3% to 2.1% on QoQ basis. Prior to such classification, it stands at 1.2% (Mar’22: 1.3%). During Q1FY23, our PAT at INR 51 Crs witnessed growth of 46.0% on YoY basis and ROE improved by 30 bps to 12.8% over Q4FY22. Digital adoption has further improved. Usage of the customer app for various activities has increased. 84% of our customers are registered on our app as on Jun’22 compared to 80% in Mar’22. Payments received via the app have gone up by 82% YoY. Overall, Q1 FY23 was a good quarter and within our expectation. With the tailwinds of the sector coupled with overall economic growth and a strong execution mindset, 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 PDF27-07-2022
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 quarter ended June 30, 202227-07-2022
Home First Finance Company India Ltd - 543259 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation on the Reviewed Financial Results for the quarter ended June 30, 2022.27-07-2022
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 II Scheme of the Company.27-07-2022
Home First Finance Company India Ltd - 543259 - Board Meeting Outcome for Outcome Of The Board Meeting Held On Wednesday, July 27, 2022
This is to inform you that the Board of Directors of the Company ("Board") at its Meeting held today i.e. on Wednesday, July 27, 2022, has inter alia, considered and approved the Reviewed Financial Results of the Company for the quarter ended June 30, 2022 ("Financial Results").27-07-2022
Home First Finance Company India Ltd - 543259 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation of Schedule of call with analyst(s) / institutional investor(s) that is scheduled to be held on July 28, 2022 at 4:00 P.M. IST to discuss with the investors the Reviewed Financial Results of the Company for the quarter ended June 30, 2022.22-07-2022