Powered by: Motilal Oswal
2024-05-09 12:09:24 pm | Source: PR Agency
HomeFirst Finance Q4 FY 24 results

Key Highlights:

  • Growth momentum continues in FY24 with disbursements at Rs 3963 Crs growing by 31.5% y-o-y.

  • AUM at Rs 9,698 Crs grew by 34.7% on y-o-y; with an industry leading home loan mix of 86%.

  • Leading ROE’s: FY24 15.5% (+200bps y-o-y) & Q4FY24 16.1% (+170bps y-o-y); Asset quality strong.

  • Expanding distribution with 133 branches (+22 on y-o-y basis) across 13 states.

  • Disbursements at Rs 3963 Crs, grew by 31.5% and AUM grew by 34.7%. Spreads remain healthy at 5.4%. PAT at Rs. 306 Cr grew by 33.9% on y-o-y basis leading to ROA of 3.8%. Delighted to deliver ROE of 15.5% for FY24 and Q4FY24 saw it higher at 16.1% even in a high interest rate environment.

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here