Home First Finance Company India delivered impressive fourth quarter results with net profit surging 43% to ₹150 crore compared to ₹105 crore in the year-ago period, as reported by The Economic Times. The company's operating profit reached ₹211 crore, reflecting a 45% increase from the previous year. Total income grew 21.3% year-on-year to ₹505 crore, demonstrating robust business expansion across all revenue streams.
The lender's assets under management grew 25% year-on-year to ₹15,878 crore at the end of March, according to The Economic Times. The company serves about 70% of its customers from low income groups, highlighting its focus on inclusive financing. This significant AUM growth reflects the company's successful business expansion strategy and market penetration in the affordable housing finance segment.
Asset quality metrics remained stable with the gross non-performing assets ratio at 1.8% at the end of March, as reported by The Economic Times, compared to 1.7% a year prior. The ratio had stood at 2% at the end of December, indicating improved asset quality trends. This stable asset quality performance supports the company's strong financial results and provides confidence for future growth prospects.
The board of Home First Finance recommended a 260% dividend for FY26, translating to ₹5.20 dividend per share of face value of ₹2 each, according to The Economic Times. This significant dividend payout reflects the company's strong financial position and commitment to returning value to shareholders. The substantial dividend increase demonstrates management's confidence in the company's sustained profitability and cash generation capabilities.
