Home First Finance Company India Ltd - 543259 - Announcement under Regulation 30 (LODR)-Credit Rating
Intimation of Credit Rating Outlook Revision from IND AA-/ Stable to IND AA-/ Positive by India Ratings and Research Private Limited.29-02-2024
29-02-2024
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 2015.28-02-2024
Home First Finance Company India Ltd - 543259 - Announcement Under Regulation 30 (LODR)- Granting Of Corporate Agent (Composite) License By IRDAI
Intimation of Registration of the Company to act as Corporate Agent (Composite) with the Insurance Regulatory and Development Authority of India21-02-2024
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 Employee Stock Options under ESOP Schemes of the Company.15-02-2024
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 2015.09-02-2024
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 nine months ended December 31, 2023.24-01-2024
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 201524-01-2024
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 nine months ended December 31, 202319-01-2024
Home First Finance Company India Ltd - 543259 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Clipping of Reviewed Financial Results for quarter and nine months ended December 31, 2023 published in English Newspaper - Mint and Regional (Marathi) Newspaper - Prathakal on January 19, 2024.19-01-2024
Q3FY24 Quarterly Result Announced for Home First Finance Company India Ltd.
Housing Finance company Home First Finance Company India announced Q3FY24 results: Financial Performance: - AUM (Assets Under Management) reached Rs 9,014 crore, marking a significant YoY increase of 33.5% and a QoQ growth of 7.7%. - Disbursements stood at Rs 1,007 crore for Q3, showing a healthy YoY rise of 29.1%. - Total Income for the quarter was reported at Rs 301 crore, which signifies a YoY increase of 46.4%. - The company's Profit After Tax (PAT) for the quarter is Rs 79 crore, improving by 34.2% YoY. - Net worth as of December 2023 is Rs 2,032 crore, up from Rs 1,817 crore in March 2023 Asset Quality and Risk Management: - Gross Stage 3 assets (GNPA - Gross Non-Performing Assets) stand at 1.7%, showing a reduction of 10 basis points YoY and remaining stable QoQ. - The Credit Cost is maintained at 30 basis points, decreasing by 10 basis points both YoY and QoQ. Operational Efficiency: - The Spread on loans is reported at 5.3%, with a QoQ decrease of 20 basis points. - Cost to Income ratio is slightly higher at 35.9%, up by 60 bps since last year. - Return on Assets (ROA) is at 3.7%, with a 10 bps decrease from both the last quarter and the same quarter last year. - Return on Equity (ROE) shows a promising figure of 15.8%, demonstrating an increase of 20 bps QoQ. Distribution Growth: - The company expanded its branch network to 123 branches across 13 states/UT. - Total touchpoints for the company have risen to 305, up by 10 QoQ and 44 YoY. Capital and Borrowings: - Borrowings, including debt securities, stood at Rs 6,846 crore as of December 2023. - Liquidity remains strong at Rs 2,468 crore. - The cost of borrowings has risen to 8.2%, increasing by 10 bps QoQ. Commenting on the performance Manoj Viswanathan, MD & CEO said, “We are happy to continue the growth momentum in Q3FY24. HomeFirst’s performance has been strong across all operating and financial parameters. We delivered PAT growth of 34.2% on YoY & 6.1% on a QoQ basis leading to an ROE of 15.8% in a high interest rate environment. We believe the level of consistent and superior returns is a testimony to our strong risk management, use of right technology and scalability of our differentiated business model. We continue to build distribution by simultaneously entering new markets and deepening our presence in existing markets. States of Uttar Pradesh & Madhya Pradesh 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 3 branches in Q3 and now have 123 physical branches. Including potential & digital branches, we now do business across 305 touchpoints across Tier 1 to Tier 5 markets in 13 states / UT of India. Digital adoption continues to be strong and a key area of our focus as we grow. 94% of our customers are registered on our app as on Dec’23. Unique User Logins was 54% in Q3FY24. Service requests raised on app was stable at 88%. 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. We believe that 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 PDF18-01-2024