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Home First Finance: Consistent performance to support valuation re-rating

Khushboo Rai   •

Strong earnings in Q2 aided by uninterrupted growth in AUM and asset quality improvement

Home First Finance Company: Home First Finance Company Q1 profit grows 46% YoY to Rs 51 crore, total income rises 19.4% to Rs 169 crore. The company recorded a 46% year-on-year growth in profit at Rs 51 crore for the quarter ended June 2022. Total income increased by 19.4% to Rs 169 crore and pre-provision operating profit grew by 15.2% to Rs 70 crore during the same period, with assets under management rising 35.8% YoY to Rs 5,832 crore.

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This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More