Home First Finance reports highest ever disbursals of Rs 570cr, AUM crosses Rs5000cr for Q3 FY'22

28 Jan 2022 , 01:28 PM

Home First Finance Company India Ltd., a technology-driven affordable housing finance company, announced its results for the quarter ending December 2021 and has reported excellent performance in the quarter. The company was recently listed on the stock exchanges.

The company reported AUM of Rs 4,994 crore for Q3 FY’22 against Rs 3,941 crore for Q3 FY’21, registering a growth of 26.7% YoY, and 8.2% over the last quarter.

The company reported disbursements of Rs 570 crore for the quarter ending December 2021, against Rs 349 crore for the quarter ending December 2020, up by 63.3% YoY.

Home First’s total income stood at Rs 152 crore for the quarter under consideration, as against Rs 110 crore for the previous corresponding quarter, registering a growth of 37.6% YoY.

The company reported PAT of Rs 46 crore for Q3 FY’22 against Rs 16 crores for Q3 FY’21, reflecting a growth of 188.7% YoY.

“HomeFirst has crossed INR 5,000 Crores AUM in January’2022. This is a significant milestone in the company’s journey. In its eleven years of operations, the company has provided housing loans to over 60,000 customers across 13 States/UT in the country. We are grateful to our employees, customers, business partners, regulators, and shareholders for placing their faith in us and supporting and encouraging us throughout our 12-year journey,” said Mr. Manoj Viswanathan, MD & CEO commenting on the company’s performance.