Home First Finance's PAT soars 46% yoy at Rs51 crore in Q1FY23; stock climbs over 2%

28 Jul 2022 , 02:23 PM

Home First Finance Company India Limited announced its results for the quarter ended June 30, 2022. The company has posted sincere growth during the quarter.

Home First reported a 35.80% yoy jump in AUM for Q1FY23 at Rs5,832 crore as compared to Rs4,294 crore in the previous corresponding quarter.

Company’s disbursements during the quarter under review jumped by 117% yoy at Rs661 crore as compared to Rs305 crore in Q1FY22.

Home First reported a 46% surge in its Net Profit during Q1FY23 at Rs51 crore as compared to Rs35 crore in the previous corresponding period.

Company added 13 new physical branches during the quarter, while Total touchpoints increased from 200 in Mar22 to 224 in Jun22.

The company stated that overall Q1FY23 was a positive quarter and within its expectations.  It 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, with the sector’s tailwinds combined with overall economic growth and a strong execution mindset.

At around 2.26 PM, Home First Finance was trading 2.44% higher at Rs842.75 per piece, against previous close of Rs822.65 on NSE.