Housing Finance company Home First Finance Company India announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Assets Under Management: Rs 12,713 crore compared to Rs 9,698 crore during Mar'24. PAT: Rs 105 crore compared to Rs 83 crore during Q4FY24. Net worth: Rs 2,521 crore compared to Rs 2,121 crore during Q4FY24. Disbursement: Rs 1,273 crore compared to Rs 1,102 crore during Q4FY24. FY25 Financial Highlights: Total Income at Rs 1,539 crore; growth of 33.1% YoY. PPOP stands at Rs 530 crore; growth of 24.7% YoY. PAT at Rs 382 crore; up by 25.0% YoY. ROA is at 3.5%; down by 30 bps YoY. ROE at 16.5% increased by 100 bps YoY. Distribution: The Company has 155 branches (+22 from Mar’24) with presence in 13 States / UT. Total touchpoints increased to 361 (+40 from Mar’24). FY25 Disbursements: Disbursements of Rs 4,805 crore, growth of 21.2% on YoY basis. Asset under Management (AUM): Rs 12,713 crore, growth of 31.1% on YoY basis and 6.4% on QoQ basis. Focus on housing loans that contribute 84% of AUM. EWS / LIG category forms ~61% of the customer base. Asset Quality: Bounce rates range-bound. Apr’25 witnessed bounce rate of 16.2%. 1+ DPD is at 4.5% (decline of 30 bps on QoQ). 30+ DPD at 3.0% (decline of 10 bps on QoQ). Gross Stage 3 (GNPA) at 1.7%. Prior to RBI classification circular of Nov’21, it stands at 1.4%. Our credit cost is at 30bps for the quarter; 30bps for the FY25. Provisions: ECL provision as on Mar’25 is Rs 84 crore; resulting in total provision to loans outstanding ratio at 0.8%; and the GNPA to total provision coverage ratio (PCR) is at 46.6% as of Mar’25 vs 50.9% as of Mar’24. Borrowings: Total borrowings including debt securities are at Rs 9,551 crore as on Mar’25. The company continues to carry a liquidity of Rs. 2,468 crore as of Mar’25. Cost of borrowings at 8.4% (flat QoQ); 8.4% for FY25 (+30bps YoY). Capital Adequacy: Total CRAR at 32.8%. Tier I capital stands at 32.4% as on Mar’25. Networth as on Mar’25 is at Rs 2,521 crore vis-a-vis Rs 2,408 crore as on Dec’24. Manoj Viswanathan, MD & CEO, said: “We are pleased to report yet another year and a quarter of consistent performance, marked by strong growth, operational excellence, and precise execution. Our Assets Under Management (AUM) grew to Rs. 12,713 crore, registering a 31.1% YoY and 6.4% QoQ increase while delivering a PAT of Rs 382 crore with an ROE of 16.5% for FY2025. Asset quality remained stable with a GNPA of 1.7%. Disbursements grew notably this quarter, increasing by 6.7% QoQ. For FY25, disbursements were up 21.2% YoY to Rs 4,805 crore. For the year, Profit After Tax (PAT) rose by 25.0% YoY to Rs. 382 crore, and for this quarter PAT increased by 25.4% on a YoY basis to Rs 105 crore. We achieved an RoA and ROE of 3.5% and 17.0% for the quarter. Despite the continued rise in MCLRs of banks, we were able to leverage our strong balance sheet and well-diversified borrowing mix to maintain a competitive CoB (Ex-Co-lending) of 8.4% for FY25. We continue to scale our operations and grow our distribution in large affordable housing markets. During FY25, we further expanded our network, adding 40 touchpoints, including 22 branches – this added our reach to 10 more districts within our 13 states and union territory. As of Mar'25, our total touchpoints stand at 361, with 155 branches. As we expand our operations, we also added 385 employees during FY25, taking the total employee strength to 1,634. Most of these new additions were for our front-end teams to strengthen our customer reach. In April 2025, HomeFirst successfully raised Rs 1,250 crore by issuing 1.3 croreore of equity shares to Qualified Institutional Buyers via a Qualified Institutional Placement (QIP). This capital infusion will significantly bolster HomeFirst’s capital base. The overwhelming investor response highlights trust in our steady, quality-driven growth trajectory in the affordable housing finance sector. Our asset quality remains resilient, anchored by strong underwriting and early delinquency management: 1+ DPD is at 4.5% (decline of 30 bps on QoQ). 30+ DPD at 3.0% (decline of 10 bps on QoQ). Gross Stage 3 (GNPA) is at 1.7% (flat on QoQ). Prior to RBI classification circular of Nov’21, it stands at 1.4%. Our credit cost is at 30bps (flat on QoQ basis). We continue to maintain a conservative credit cost guidance of 30 to 40 bps, ensuring disciplined risk management even as we scale. As we remain focused towards sustainable finance, we expanded our Green Home initiative during the year with 120 Green Homes certifications as of Mar’25. Our ESG efforts are being acknowledged and appreciated by independent global agencies in form of high ESG scores – 46 by S&P; Global for 2024 and 16.2 by MorningStar Sustainalytics indicating “Low-risk”. Technology remains central to our strategy. Digital adoption continues to be strong and a key area of our focus as we grow. Account aggregator adoption has improved to 75% amongst new approvals. Digital fulfillment has reached ~80% with the use of digital agreements and E-NACH mandates. 96% of our customers are registered on our app as on Mar’25 and 88% of Service requests being raised on the app. The regulatory environment remains conducive with two consecutive rate cuts of 25 bps each by RBI and focus on improving liquidity, promoting growth and governance. We remain encouraged by the structural long-term growth drivers of the housing sector supported by overall economic growth momentum, improving socio-economic parameters, and rising middle-class. We believe that with our superior execution capability; we will continue to deliver strong growth balanced with stable asset quality and high profitability – delivering sustainable value creation for all our stakeholders.” Result PDF
Housing Finance company Home First Finance Company India announced Q3FY25 results Total Income at Rs 407 crore; YoY growth of 35.4%. PPOP stands at Rs 140 crore, growth of 27.2% YoY. PAT at Rs 97 crore, up by 23.5% YoY. ROA is at 3.4%; flat QoQ. ROE at 16.6% increased by 10 bps QoQ. Distribution: The Company has 149 branches with presence in 13 States / UT. Total touchpoints increased to 359 (+8 from Sep’24 and +54 from Dec’23). Q3FY25 Disbursements: Disbursements of Rs 1,193 crore, YoY growth of 18.4% basis. Asset under Management (AUM): Rs 11,949 crore, growth of 32.6% on YoY basis and 6.4% on QoQ basis. Focus on housing loans that contribute 84% of AUM. EWS / LIG category that forms ~61% of the customer base. Asset Quality: ???????Bounce rates range-bound. Jan’25 witnessed bounce rate of 16.0%. 1+ DPD is at 4.8% (increase of 30 bps on QoQ). 30+ DPD at 3.1% (increase of 30 bps on QoQ). Gross Stage 3 (GNPA) at 1.7%. Prior to RBI classification circular of Nov’21, it stands at 1.4%. Our credit cost is at 30bps for the quarter. Provisions: ECL provision as on Dec’24 is Rs 84 crore; resulting in total provision to loans outstanding ratio at 0.8%; and the GNPA to total provision coverage ratio (PCR) is at 47.3% in Dec’24 vs 52.4% in Dec’23. Borrowings: Total borrowings including debt securities are at Rs 9,213 crore as on Dec’24. The company continues to carry a liquidity of Rs 3,486 crore as on Dec’24. Cost of borrowings at 8.4% (flat on QoQ basis). Spread: Ex-CL Spread on loans stood at 5.2% in Q3FY25, decrease of 10bps QoQ. Capital Adequacy: Total CRAR at 33.1%. Tier I capital stands at 32.7% as on Dec’24. Networth as on Dec’24 is at Rs 2,408 crore vis-à-vis Rs 2,289 crore as on Sep’24. Manoj Viswanathan, MD & CEO said: “We are delighted to report another quarter of strong performance. Our AUM grew to Rs 11,949 crore, reflecting a robust YoY growth of 32.6% and QoQ growth of 6.4%. PAT increased by 23.5% on a YoY basis to Rs 97 crore leading to RoA of 3.4%. We achieved an ROE of 16.6% in Q3FY25; in a high-interest rate environment. The continued improvement in our return on equity reflects our focus on sustainable growth, operational efficiency and strong credit quality. Our strong liability profile and timely availability of competitive cost of borrowing enabled us to contain the cost of borrowing. We further expanded our network, adding 7 branches and 8 touch points, taking our total branch count to 149 and touchpoints to 359. Employee strength has grown from 1,249 in Mar’24 to 1,704 in Dec’24 with the objective of driving further expansion. To enable further support of the vision of the company and achieve our medium-term ambition of AUM of Rs 20,000 crore by Mar’27, the Board has also passed an enabling resolution to raise equity capital into the company of upto Rs 1,250 crore. This reflects a strong confidence in our ability to drive our growth plans and gain market share in the affordable housing finance segment. Our asset quality continues to be strong with a focus on early delinquencies. 1+ DPD is at 4.8% (increase of 30 bps on QoQ). 30+ DPD at 3.1% (increase of 30 bps on QoQ). Gross Stage 3 (GNPA) is at 1.7% (flat on QoQ). Prior to RBI classification circular of Nov’21, it stands at 1.4%. Our credit cost at 30bps (remained flat on YoY and increased by 10 bps on QoQ basis). We continue to maintain our conservative credit cost guidance of 30 to 40 bps. Technology remains central to our strategy. Digital adoption continues to be strong and a key area of our focus as we grow. Account aggregator adoption has improved to 61% amongst new approvals. Digital fulfillment has reached ~80% with the use of digital agreements and E-NACH mandates. 96% of our customers are registered on our app as on Dec’24 and 88% of Service requests being raised on the app. To further our commitment to the vision of "Housing for All," we are proud to share our partnership with MoHUA and NHB to spearhead the ISS vertical of the PMAY initiative. As part of this collaboration, we have successfully conducted initial pilot projects in our regions. At HomeFirst, we remain steadfast in our dedication to making this initiative a resounding success. Our S&P; Global ESG Score has improved significantly from 34 in FY23 to 45 in FY24, reflecting our unwavering dedication to environmental, social, and governance excellence. This remarkable progress underscores our commitment to sustainable business practices, fostering a positive impact on the environment, empowering communities, and maintaining the highest standards of governance. We are excited about the opportunities ahead, especially with the continued push for affordable housing under government initiatives like PMAY-U 2.0. We remain committed to our mission of providing fast, transparent and efficient home finance solutions to the aspiring middle class. Result PDF