Home First Finance Company India saw its shares increase over t 2% after announcing its second-quarter financial results for FY25. The company, backed by Warburg Pincus, reported a 24.1% year-on-year growth in profit after tax (PAT), reaching ₹92.2 crore.
The total income for the quarter rose by 34.6%, amounting to ₹374 crore. This growth was mainly driven by its core business in the affordable housing sector. The company’s assets under management (AUM) also saw a rise of 34.2%, bringing the total to ₹11,229 crore. Loan disbursements during the quarter grew by 22.7%, reaching ₹1,177 crore.
Manoj Viswanathan, MD & CEO of Home First Finance, expressed satisfaction with the company’s performance. He highlighted that the disbursement growth of 22.7% contributed to the 34.2% increase in AUM, emphasizing their focus on affordable housing supported by technology and efficient execution.
Additionally, the company improved its return on equity (ROE) to 16.5%, a 90 basis point increase year-on-year, and maintained a return on assets (ROA) of 3.4%. The company also expanded its presence by opening nine new branches, taking the total to 142 branches across 13 states.
As of 10:55 am, Home First Finance shares were trading 1.83% higher at ₹1,133.35 on the NSE.
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