Key highlight of Home First Finance’s (HomeFirst) Q1FY24 result is that it is sustaining steady sequential earnings for 6th consecutive quarter. Reported PAT grew 8% QoQ / 35% YoY to INR691mn in Q1FY24 and RoE expanded to 15%. RoE expansion was mainly driven by the company’s ability to sustain growth momentum and maintain steady ~4% RoA even while expanding the balance sheet.