HomeFirst Finance Q4 FY 24 results
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Key Highlights:
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Growth momentum continues in FY24 with disbursements at Rs 3963 Crs growing by 31.5% y-o-y.
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AUM at Rs 9,698 Crs grew by 34.7% on y-o-y; with an industry leading home loan mix of 86%.
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Leading ROE’s: FY24 15.5% (+200bps y-o-y) & Q4FY24 16.1% (+170bps y-o-y); Asset quality strong.
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Expanding distribution with 133 branches (+22 on y-o-y basis) across 13 states.
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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.
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