Mumbai, January 28, 2025 – Home First Finance Company India Limited (NSE: HOMEFIRST, BSE: 543259)has announced its Q3 FY25 financial results, posting a net profit of ₹97.38 crore, while revenue from operations grew 37% YoY to ₹405.95 crore. The Board has also approved a Qualified Institutional Placement (QIP) of up to ₹1,250 crore to support business expansion.
Key Financial Highlights – Q3 FY25 (Standalone)
| Metric | Q3 FY25 | Q3 FY24 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹405.95 crore | ₹296.31 crore | +37% |
| Total Income | ₹407.45 crore | ₹301.03 crore | +35.4% |
| Net Profit (PAT) | ₹97.38 crore | ₹78.82 crore | +23.5% |
| Earnings Per Share (EPS) | ₹10.50 | ₹8.93 | +17.6% |
| Net Interest Margin (NIM) | 7.1% | 6.8% | +30 bps |
| Gross NPA Ratio | 1.39% | 1.52% | -13 bps |
| Net NPA Ratio | 0.76% | 0.89% | -13 bps |
- Revenue: ₹1,152.82 crore (+35.2% YoY).
- Net Profit: ₹277.76 crore (+24.8% YoY).
Key Business Highlights
1. Loan Portfolio Growth & Asset Quality
- Loan Book Expansion: ₹9,911 crore, up 30% YoY.
- Affordable Housing Loans: 75% of total loan book.
- Net Interest Margin (NIM): 7.1%, up from 6.8% YoY.
2. QIP Fundraising for Future Growth
- Board Approval for ₹1,250 Crore QIP
- To strengthen capital base for business expansion.
- Subject to shareholder approval via postal ballot.
3. Leadership Restructuring & Appointments
- Ajay Khetan Elevated to Deputy CEO
- Former Chief Business Officer, now leading Strategic Alliances & Marketing.
- Harshita Dixit Reappointed as Head – Internal Audit
- Term: Three years from February 1, 2025.
Management Commentary
Manoj Viswanathan, Managing Director & CEO, Home First Finance, stated:"Our robust loan book growth, improved asset quality, and sustained profitability highlight our focus on financial discipline and expansion. The ₹1,250 crore QIP will provide the necessary capital to scale our lending operations and enhance customer outreach."
Strategic Outlook & Investor Focus
- Continued focus on affordable housing & home loan penetration.
- Leveraging capital infusion from QIP for portfolio expansion.
- Digital transformation & AI-driven credit underwriting to improve operational efficiency.