Archive · 25 Jul 2025
Home First Finance Q1 Net Profit Surges 35.5%, NII Up 33%
Home First Finance, a company that helps people get loans for houses, had a really good quarter.
They made a lot more money, about 35.5% more than last year!
They also made more money from the interest on their loans.
The company got extra money by selling shares to big investors, which helped them get a better credit rating.
They also have more money in loans they've given out.
The company is doing well and plans to keep growing by opening more branches.
Home First Finance's Q1 net profit increased by 35.5% year-on-year.
Net interest income (NII) grew by 32.8% to ₹194 crore.
The company successfully completed a ₹1,250 crore qualified institutional placement (QIP).
Home First Finance's long-term credit rating was upgraded to AA (stable).
Assets under management (AUM) rose 28.6% year-on-year to ₹13,479 crore.
- Who
- Home First Finance, an affordable housing finance company.
- What
- Home First Finance reported a significant increase in Q1 net profit and NII.
- When
- The report covers the first quarter results, ending on July 25.
- Where
- Mumbai-based company.
- Why
- The company's performance reflects successful financial strategies and increased assets under management.
- Net Profit Increase
- 35.5% YoY
- Net Interest Income (NII)
- ₹194 crore, 32.8% YoY growth
- QIP
- ₹1,250 crore
- Credit Rating
- AA (stable)
- Assets Under Management (AUM)
- ₹13,479 crore, 28.6% YoY growth
- Total Branches
- 158