Home First Finance Q1 profit Up 35% on higher income

Synopsis

Home First India Finance Company reported a 35% net profit increase for Q1 FY27. The company's operating profit also saw a 33% rise during the same period. Total income for the mortgage lender grew by 19% year-on-year. Assets under management expanded by 26% to Rs 16,938 crore. Gross non-performing assets ratio remained steady at 1.8%.

The mortgage lender’s total income stood 19% higher YoY at Rs 540 crore. Its assets under management expanded 26% YoY to Rs 16,938 crore while gross non-performing assets ratio remained steady at 1.8%.

KOLKATA: Home First India Finance Company India reported a 35% rise in net profit for Q1 FY27 at Rs 160 crore against Rs 119 crore in the year ago period, backed by higher income and business growth. The operating profit for the quarter stood 33% higher at Rs 224 crore.

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The mortgage lender’s total income stood 19% higher YoY at Rs 540 crore. Its assets under management expanded 26% YoY to Rs 16,938 crore while gross non-performing assets ratio remained steady at 1.8%.

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