IGI Logo
Toggle Navigation
News
Hindi
Hindi News
Top News
Screeners
Stocks
Stocks Screener
Stock
News
Stock Market Home Page
Stock News
Industry News
Economy News
Stock on the move
Expert Views
Research Reports
Company Result
Comp Info And Fundamentals
Company Profile
Equity
Financial Ratios
Results
Balance Sheet
Profit And Loss
Cash Flow
Share Holding
Derivatives (F&O)
Get Quotes
Market Watch
Top Gainers
Top Losers
Top Traded Quantity
Top Traded Value
Most Active Puts
Derivatives (F&O)
Most Active Calls
Put Call Ratio
Highest In Premium
Daily Settlement Price
FII and DII Statistics
Open Interest: Highest In OI
Open Interest: Lowest In OI
Derivatives (F&O)
Open Interest: Increase in OI Increase in Price
Open Interest: Decline in OI Decrease in Price
Derivative Watch
Derivatives Dashboard
Historical Data
List of Underlyings & Underlying Info
Derivative Watch
Derivatives Dashboard
Market Reports
Top Gainers
Top Losers
Monthly High/Low
52 Week High
52 Week Low
Market Cap Gainers
Market Cap Losers
PE Ratio
>More Market Reports
IPO
News
IPO News
IPO Issue Reports
Commodity
Commodity Market
Commodity Home Page
Commodity News
Commodity Reports
Market Details
Get Quotes
Top Gainers
Top Losers
Top Volume
Top Value
Top Gainers Spot Market
Top Losers Spot Market
High & Low
Commodity Indices
Technical Analysis
Advance Declines
High & Low
Highest In OI
Lowest OI
Increase In Open Interest(%)
Descrease In Open Interest(%)
Currency
News
Currency News
Economy News
Currency Reports
Mutual Fund
News
Mutual Fund Home Page
Mutual Fund News
Mutual Fund Details
Mutual Fund Home Page
Compare Scheme
Scheme Profile
Mutual fund Investment
Mutual Fund Share Holding
Mutual Fund Statistics
Mutual fund Gainers
Mutual fund Losers
Biggest Schemes
Best Performers
Latest Dividend Details
Tools
Multi Scheme Comparison Tool
Dividend Details
Performance Map
Mutual fund Investment
Mutual fund Share Holding
Mutual Fund Search Category Rankings
Widgets
Stock Widgets
Watchlist
Heatmap
Mutual Fund Widgets
Watchlist
Calculators
EMI Calculator
SIP Calculator
SWP Calculator
GST Calculator
FD Calculator
RD Calculator
Wealth
World
Tips
Intraday Tips
Market Outlook
Stock Tips
Commodity Tips
Currency Tips
Reports
Short Term Investment Opportunities
Long Term Investment Opportunities
Sector Analysis
Commodity Reports
Currency Reports
Mutual Fund Analysis
Podcast
Videos
Videos Category
Business Videos
Budget Videos
News And Politics
Entertainment Videos
Sports Videos
Lifestyle And Fashion Videos
Global News Videos
Calculators
EMI Calculator
SIP Calculator
SWP Calculator
GST Calculator
FD Calculator
RD Calculator
More
Budget 2024
Astrology
Women
Politics
Entertainment
Car&Bike
Gadgets
Lifestyle
Sports
Health
Fashion
Diwali Reports
Diwali Expert Reports
News
Astrology
Beyond Market Car
Beyond Market Entertainment
Beyond Market Fashion
Beyond Market Gadgets
Beyond Market Health
Beyond Market India
Beyond Market Life Style
Beyond Market Sports
Broking Firm Views
Broking Firm Views - Long Term Report
Broking Firm Views - Sector Report
Broking Firm Views - Short Term Report
Budget 2024 Sector Reports
Budget Bites
Budget Economic Servey
Budget Expert Views
Budget Industry
Budget News
Budget Wishlist
Commodities
Commodities Reports
Commodity Top News
Company News
Company Result
Currency News
Currency Report
Currency Top News
Diwali Expert Views
Diwali Market Outlook
Diwali Report
Diwali Technical Report
Economy News
Expert View Institution
Expert Views
Industry News
IPO Analysis
IPO More News
IPO Reports
IPO Top News
Market Outlook
Mutual Fund Analysis
Mutual Fund Expert Views
Mutual Fund More News
Mutual Fund Top News
Podcast - Market Ki Awaaz
Special Event Expert Views
Special Event Reports
Startup
Startup Expections
Startup Speak
Stock Market
Stock On The Move
Top News
Top Stories
Videos
Videos Business
Videos Entertainment
Videos Global News
Videos Lifestyle And Fashion
Videos News And Politics
Videos Sports
Wealth
Women
World Market More News
World Top News
Search
A strong show, yet again Sustains high growth, delivers improvement in spread (excl. CL) and resilient asset quality HFF’s performance was strong yet again characterized by 7% qoq/34% yoy AUM growth, augmented fee income (insurance distribution), 10 bps improvement in portfolio spread (excl. Co-lending) and sustained benign credit cost (20 bps) underpinned by stable PAR buckets (negligible write-offs). Opex was higher with significant employee addition (30% strength augmenta...
Buy Home First Finance Company Ltd For Target Rs.1,325 By Yes Securities Ltd
Key Highlights: AUM at Rs 11,229 Cr, Up 34.2% y-o-y; 7.2% q-o-q ROE at 16.5% continues to improve. Up 90 bps y-o-y and by 20 bps q-o-q Asset quality remains strong. 30+ DPD at 2.8%; improvement of 10bps, GS3 at 1.7% status quo. Borrowings further diversified to add USD funding through ECB. Commenting on the performance Mr. Manoj Viswanathan, MD & CEO said, “We are pleased with the company’s strong performance during the quarter...
Home First Finance Q2FY25 result announcement
Sustained high growth, expected decline in spread and resilient asset quality HFF expectedly delivered strong AUM growth and continued contraction of Spread in Q1 FY25, while Asset Quality performance was resilient in a slightly challenging backdrop. PAT was 6% above our estimate, largely on higher DA income and a more moderate credit cost. 1+ dpd/30+ dpd increased by 30 bps/10 bps and Gross Stage-3 was stable on sequential basis. Controlled flows and marginal write-offs drove lower credit...
Buy Home First Finance Company Ltd For Target Rs.1,215 By Yes Securities
Sustained high growth, expected decline in spread and resilient asset quality HFF expectedly delivered strong AUM growth and continued contraction of Spread in Q1 FY25, while Asset Quality performance was resilient in a slightly challenging backdrop. PAT was 6% above our estimate, largely on higher DA income and a more moderate credit cost. 1+ dpd/30+ dpd increased by 30 bps/10 bps and Gross Stage-3 was stable on sequential basis. Controlled flows and marginal write-offs drove lower credit...
Buy Home First Finance Company Ltd Ltd For Target Rs.1,215 By Yes Securities
Home First Finance Company (HFFC) reported a strong AUM growth of (+8% QoQ, +35% YoY) at INR 105bn led by healthy disbursements of INR 11.6bn (+5.5% QoQ, +30% YoY). NII grew (+17.5% YoY, +7% QoQ) as NIMs remained stable at 5.3%. CoFs remained steady at 5.3% and yields were down -10bps QoQ. C/I ratio moved up to 35.5% (+151bps) on account of higher employee hiring during the quarter resulting in PPoP of INR 1.19bn (+22% YoY, +4.9% QoQ). Credit costs stood at INR 56mn (22bps of total AUM vs 12b...
Buy Home First Finance Company Ltd For Target Rs.1,250 By JM Financial Services
Commenting on the performance Mr. Manoj Viswanathan, MD & CEO said, “I am happy to share with you that we have crossed the milestone of Rs. 10,000 crore AUM. This achievement is a testament to HomeFirst’s commitment to excellence, driven by a differentiated business model with enhanced usage of technology driven solutions, high productivity standards, diversified funding and rigorous risk management practices. Business momentum continues well into Q1FY25 with d...
HomeFirst Finance Q1 FY25 Financial Results
Leveraging tech effectively for next leg of growth Well positioned for AUM CAGR of 30% over FY24-26 and RoE of ~17% in FY26 * Home First in May’24 crossed the AUM milestone of ~INR100b, delivering an AUM CAGR of ~28% over FY20-24. The company has identified Uttar Pradesh (UP), Madhya Pradesh (MP) and Rajasthan as its emerging states, which will help Home First sustain AUM growth. * The company has created a strong technology bedrock and a robust risk management framework, which...
Buy Home First Finance Ltd For Target Rs. 1080 By Motilal Oswal Financial Services
BT and Marginal Yields reflect competitive pressure Strong growth but yield remains under pressure; asset quality improves Excluding DA income (declined qoq on lower assignments), HFF’s NII was 1% below estimate while PPOP was 10% above expectations. Reported PAT was 7% higher than our estimate as credit cost was lower (~10 bps v/s usual 30-40 bps) due to asset quality improvement and material bad debts recovery. In Q4 FY24, the treasury income stood much higher due to increased b...
Buy Home First Finance Company Ltd. For Target Rs.1,080 - Yes Securities
Earnings in line despite NIM compression; BT-outs elevated NIM contracted ~40bp QoQ but offset by lower credit costs * Home First Finance’s 4QFY24 PAT grew 30% YoY to INR835m (in line), while its FY24 PAT grew 34% YoY to INR3.1b. * NII grew 22% YoY to INR1.37b (in line). Other income grew 32% YoY to INR351m (in line). Home First obtained its corporate agency license in Feb'24 and expects to sign a partnership with one insurer in 1QFY25. The management guided for a quarterl...
Buy Home First Finance Ltd. For Target Rs.1070 - Motilal Oswal Financial Services
Firmly placed to sustain solid growth Home First is well positioned to deliver 27-30% AUM CAGR over FY24-27 and reach Rs200bn AUM. Despite increase in BT Out and competition, HFF’s AUM growth is expected to remain brisk aided by 1) large and growing low-ticket affordable housing market (AHFCs, SFBs and NBFCs reporting strong growth in Rs0.5-2mn HL segment), 2) demonstrated execution rigor by the Management, 3) persistent Branch/RO addition anchored on market potential, deeper penetr...
Buy Home First Finance Company Ltd For Target Rs. 1,140 - Yes Securities
Firmly placed to sustain solid growth Home First is well positioned to deliver 27-30% AUM CAGR over FY24-27 and reach Rs200bn AUM. Despite increase in BT Out and competition, HFF’s AUM growth is expected to remain brisk aided by 1) large and growing low-ticket affordable housing market (AHFCs, SFBs and NBFCs reporting strong growth in Rs0.5-2mn HL segment), 2) demonstrated execution rigor by the Management, 3) persistent Branch/RO addition anchored on market potential, deeper penetra...
Buy Home First Finance Company Ltd For Target Rs. 1,140 - Yes Securities
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%. Spre...
HomeFirst Finance Q4 FY 24 results
Earnings in line despite NIM compression; BT-outs moderate Bounce rates rose QoQ but remain within a range * Home First Finance’s 3QFY24 PAT grew 35% YoY to INR788m (in line), while its 9MFY24 PAT rose ~35% YoY to INR2.2b. NII rose ~21% YoY to INR1.34b (in line). Non-interest income (25% beat) jumped 140% YoY, led primarily by higher assignment income and treasury income. * Opex (in line) grew 38% YoY to INR611m while PPoP grew ~35% YoY to INR1.1b. Credit costs of INR70m (in l...
Buy Home First Finance Ltd For Target Rs. 1180 - Motilal Oswal Financial Services
Core PPoP miss driven by spread compression Earnings in-line on reported basis, but internals mixed Home First’s earnings came in-line on reported basis but was supported by higher-thanusual assignment income. There was a miss of 4%/10% on NII/PPOP excluding the assignment income, as Portfolio Spread contacted by 20 bps qoq and Opex continued to grow at high rate due to tech and distribution investments. Home First’s performance was internally characterized by 1) persistence...
Buy Home First Finance Company Ltd. For Target Rs. 1,140 By Yes Securities
Earnings in line despite NIM compression; BT-outs moderate Bounce rates rose QoQ but remain within a range - Home First Finance’s 3QFY24 PAT grew 35% YoY to INR788m (in line), while its 9MFY24 PAT rose ~35% YoY to INR2.2b. NII rose ~21% YoY to INR1.34b (in line). Non-interest income (25% beat) jumped 140% YoY, led primarily by higher assignment income and treasury income. - ...
Buy Home First Finance For Target Rs.1180 By Motilal Oswal Financial Services
Home First Finance Company India is currently trading at Rs. 934.05, up by 23.75 points or 2.61% from its previous closing of Rs. 910.30 on the BSE. The scrip opened at Rs. 941.95 and has touched a high and low of Rs. 946.35 and Rs. 926.05 respectively. So far 5885 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1058.80 on 19-Jan-2024 and a 52 week low of Rs. 654.85 on 13-Mar-2023. Last one week high and low of ...
Home First Finance surges on getting corporate agent license from IRDAI
* Quarter witnessed disbursement milestone of Rs 1000 Crs. Overall growth of 29.1% on y-o-y. * Strong financial results with ROE of 15.8% (+20 bps q-o-q); with industry leading home loan mix of 86%. * AUM crossed Rs 9,000 Crs, grew by 33.5% on y-o-y & 7.7% on q-o-q basis. Asset quality remains strong. Commenting on the performance Mr. Manoj Viswanathan, MD & CEO said, “We are happy to continue the growth momentum in Q3FY24. HomeFirst’s performance has been stro...
Announcement: HomeFirst Finance Q3 FY24 Financial Results
Home First Finance Company India is currently trading at Rs. 894.85, up by 17.20 points or 1.96% from its previous closing of Rs. 877.65 on the BSE. The scrip opened at Rs. 879.80 and has touched a high and low of Rs. 896.00 and Rs. 876.60 respectively. So far 12212 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 980.00 on 17-Oct-2023 and a 52 week low of Rs. 654.85 on 13-Mar-2023. Last one week high and low of ...
Home First Finance Company trades in green on the BSE
Healthy operational performance; NIM compression of ~10bp Earnings in line; BT-OUT rates elevated relative to historical levels * In 2QFY24, Home First Finance (HomeFirst) demonstrated healthy performance with 37% YoY growth in PAT to INR743m (in line). Additionally, NII rose 30% YoY to INR1.32b (in line). Non-interest income grew 73% YoY, driven primarily by higher assignment income. * Opex grew 28% YoY to INR565m. PPoP grew ~40% YoY to INR1.04b (6% beat). Credit costs at INR80m tra...
Buy Home First Finance Company Ltd For Target Rs.1,100 - Motilal Oswal Financial Services Ltd
Performance ahead of expectations Maintaining its RoE improvement journey (15.6% v/s 15% in Q1 FY24), Home First delivered a 4% beat on our NII/PPOP expectations (ex. of DA income) and 5% beat on PAT. The stronger performance was characterized by sustained robust disbursement/AUM growth momentum (up 37%/33% yoy) and stable asset quality performance (steady 30+ dpd). Spreads expectedly came-off by 20 bps on increase in CoF and marginal dip in portfolio yield (competitive rates on fresh loan...
Buy Home First Finance Company Ltd For Target Rs.1,100 - YES Securities
Strong operating performance Home First reported strong AUM growth of 33.3% YoY and 7.6% QoQ to Rs 83.7bn driven by healthy disbursements of Rs 9.6 bn (up 36.6% YoY and 7.1% QoQ) during the quarter. NIMs on AUM (calculated) stood at 7.3% and has largely remained around this levels over the last 6 quarters. This supported strong NII growth of 32.8% YoY. Operating profits increased at a faster clip (up 41% YoY) driven by NII growth and controlled opex (up 2.2% QoQ). C/I ratio stood at 35.1% ...
Buy Home First Finance Company Ltd For Target Rs.1,150 - Centrum Broking Limited
Pleased to share with you Q2 FY24 result of HomeFirst Finance. HomeFirst’s QoQ disbursal momentum continues (36.6% y-o-y, 7.1% q-o-q); witnessed broad based growth across markets Strong financial results with ROE of 15.6% (+60bps q-o-q); with industry leading home loan mix of 87%. AUM at Rs ~84bn (33.3% y-o-y, 7.6% on q-o-q). Asset quality remains strong. Q2FY24 Financial Performance: Total Income at Rs 278 Crs; y-o-y growth of 46.8%. PPOP stands at Rs 104 Crs, growth ...
HomeFirst Finance Q2 FY24 Financial Results
Load More
