HOMEFIRST · Financial Services
Home First Finance Company India Ltd. reported total income of ₹336 cr for April to June 2024, +31.8% on the year and +7.3% on the quarter.
Net interest income, interest earned less interest paid, was ₹179 cr, +20.9% on the year and +7.2% on the quarter. For a lender this is the core earnings line: it shows whether the loan book and its pricing are growing faster than the cost of funds.
Net profit was ₹88.0 cr, +27.5% on the year and +6.0% on the quarter, with earnings per share of ₹9.87. The tax rate of 23% is in line with its recent average.
An NBFC's quarter turns on loan growth, its cost of borrowing and credit costs; profit can rise for a while simply because provisions fall. The quarterly statements do not carry AUM growth, stage 2 and 3 assets, credit cost and the cost of funds; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed, Asset quality (lenders), Net interest margin (lenders). Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
Lenders are read on NIM, asset quality, provision cover and credit cost. Those come from the filing read, which is not in yet for this quarter, so margin, other-income and cash checks are withheld rather than shown on a template built for manufacturers.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total income | ₹296 cr | ₹313 cr | ₹336 cr | ₹373 cr | ₹406 cr | ₹415 cr | ₹454 cr | ₹477 cr | ₹482 cr | ₹501 cr | ₹538 cr | ₹567 cr |
| YoY | — | — | +32% | +37% | +37% | +33% | +35% | +28% | +19% | +21% | +19% | +19% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 23% | 25% | 23% | 23% | 25% | 24% | 24% | 24% | 23% | 23% | 23% | 23% |
| Net profit | ₹79.0 cr | ₹83.0 cr | ₹88.0 cr | ₹92.0 cr | ₹97.0 cr | ₹105 cr | ₹119 cr | ₹132 cr | ₹140 cr | ₹149 cr | ₹160 cr | ₹170 cr |
| YoY | — | — | +28% | +24% | +23% | +27% | +35% | +43% | +44% | +42% | +34% | +29% |
| EPS | ₹8.92 | ₹9.43 | ₹9.87 | ₹10.34 | ₹10.86 | ₹11.63 | ₹11.52 | ₹12.73 | ₹13.49 | ₹14.33 | ₹15.29 | ₹16.28 |
| Flags | · | · | · | · | · | · | · | · | · | · | · | · |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Home First Finance Company India Ltd. reported total income of ₹336 cr (+31.8% on the year) and net profit of ₹88.0 cr (+27.5% on the year) for April to June 2024.
None of the 3 checks that could run raised a question.
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Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.