Home First Finance Company Q2 FY25 Summary
-
Financial Growth:
- Achieved record Assets Under Management (AUM) of ₹11,229 crore, marking a 34.2% year-over-year (YoY) growth.
- Disbursements rose by 22.7% YoY, reaching an all-time high of ₹1,177 crore.
- Profit After Tax (PAT) increased by 24.1% YoY to ₹92 crore, resulting in a Return on Assets (ROA) of 3.4% and a Return on Equity (ROE) of 16.5%.
-
Operational Highlights:
- Expanded branch network by adding nine branches and eight touchpoints in Q2 FY25, totaling 142 branches and 351 touchpoints across 138 districts.
- Employee strength grew to 1,642 from 1,249 in March 2024.
-
Funding and Financial Health:
- Enhanced funding with two new banking partnerships and a first drawdown from the sanctioned $75 million from the U.S. Development Finance Corporation (DFC).
- Maintained an improved spread of 5.3% by raising the Prime Lending Rate (PLR) in August.
-
Asset Quality:
- Stable asset quality with Gross Non-Performing Assets (GNPA) at 1.7% and 30+ Days Past Due (DPD) reduced by 10 basis points to 2.8%.
- Credit cost remained low at 20 basis points.
-
Digital Adoption and ESG Initiatives:
- Strong digital engagement with 95% customer registration on the HomeFirst app.
- Focused on sustainable finance, securing funding to promote affordable housing, especially for women borrowers.
homefirst ppt.pdf (4.3 MB)
| Subscribe To Our Free Newsletter |
