Home First Finance Q4 Results: Profit rises 25.4% YoY; AUM up 31%
Mortgage lender
Home First Finance
has reported a 25.4% year-on-year rise in fourth-quarter
net profit
to Rs 105 crore, up from Rs 83 crore in the same period last year, backed by a 31% expansion in
assets under management
to Rs 12,713 crore.
Its asset quality remained stable, with the gross non-performing assets ratio at 1.7%, with home loans contributing 84% of it.
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The company's total income rose by 31% to Rs 416 crore.
It raised Rs 1,250 crore in April by selling
equity shares
through a qualified institutional placement, which helped increase net worth to Rs 3,751 crore.
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