Home First Finance Q1 Net Profit seen up 59% YoY to Rs. 56 cr: Arihant Capital

Arihant Capital has come out with its first quarter (April-June’ 22) earnings estimates for the Banking & NBFC sector. The brokerage house expects Home First Finance to report net profit at Rs. 56 crore up 59% year-on-year (down 7% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 24 percent Y-o-Y (up 2 percent Q-o-Q) to Rs. 101 crore, according to Arihant Capital.

Pre Provision Operating Profit (PPOP) is likely to rise by 16% Y-o-Y (up 7 percent Q-o-Q) to Rs. 70 crore.

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