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.

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.