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Latest news about Home First Finance Company

Home First Finance Shareholders Approve Sriram Hariharan as Independent Director with Overwhelming Support 2 days ago

Home First Finance Company India Limited shareholders approved the appointment of Sriram Hariharan as a Non-Executive Independent Director with 99.89% votes in favor. Hariharan's five-year term begins June 26, 2025, and he will not be liable to retire by rotation. He brings extensive international banking experience, including leadership roles at ICICI Bank and ICICI Bank Canada. Hariharan holds engineering and management degrees, and has received several recognitions including Canada's Top 40 Under 40™ and the Queen Elizabeth II Diamond Jubilee Medal.

FMR LLC and FIL Limited Boost Stake in Home First Finance to 7.17% Aug 13, 2025

Orange Clove Investments to Offload 10.3% Stake in Home First Finance for ₹1,255 Crore Aug 11, 2025

Home First Finance Seeks Shareholder Approval for Sriram Hariharan's Appointment as Independent Director Aug 05, 2025

Home First Finance Reports 28.6% AUM Growth Amid Seasonal Asset Quality Uptick Aug 04, 2025

More news about Home First Finance Company

29Jul 25

Home First Finance Sets Ambitious FY26 Targets: Rs 5,600-5,800 Crore Disbursements and 15% ROE

Home First Finance Company India Limited has announced strategic financial targets for FY26, including disbursements of Rs 5,600-5,800 crores, a reduced cost of borrowing to 8%, and maintaining spreads of 5.00-5.25%. The company aims to achieve a 15% ROE within 5-6 quarters, push ROA close to 4%, and keep operating expenses to assets ratio between 2.60-2.70%. Credit costs are projected at 30-40 basis points, and the company plans to increase co-lending contribution to 10% of disbursements. These targets were shared during a recent earnings conference call, with audio recordings made available on the company's website.

28Jul 25

Home First Finance Co Reports 35% Surge in Q1 Net Profit

Home First Finance Company announced impressive Q1 results with net profit reaching 1.19 billion rupees, up 35% year-over-year. Revenue also grew by 35% to 4.54 billion rupees. The parallel growth in profit and revenue indicates strong operational efficiency and business expansion.

25Jul 25

Home First Finance Expands into Tier-3 Markets, Reports Strong Q1 Results

Home First Finance Company India Limited (HomeFirst) reported robust Q1 results with AUM reaching ₹13,479.00 crore, up 28.60% year-on-year. PAT increased by 35.50% to ₹119.00 crore. The company is expanding into tier-3 markets and diversifying assets digitally. HomeFirst's long-term credit rating was upgraded to AA 'Stable' following a ₹1,250.00 crore QIP. The company added 3 new branches, now serving 142 districts across 13 states/UTs. HomeFirst maintains focus on asset quality with GNPA at 1.80% and continues to leverage technology for improved operations.

25Jul 25

Home First Finance Reports 35.5% Surge in Q1 FY26 Profit, Completes Rs 1,250 Crore QIP

Home First Finance Company reported a 35.5% year-on-year increase in profit after tax to Rs 1,188.91 million for Q1 FY26. Total revenue grew by 34.8% to Rs 4,536.14 million. Assets Under Management rose by 28.6% to Rs 134,787.00 million. The company successfully raised Rs 12,500 million through a Qualified Institutional Placement, strengthening its balance sheet. The company expanded its branch network to 158 and implemented new digital initiatives to enhance customer interactions.

08May 25

Smallcap World Fund Boosts Stake in Home First Finance to 7.8%

Smallcap World Fund Inc. has increased its stake in Home First Finance Company India Ltd. by approximately 3%, bringing its total shareholding to 7.81%. The fund acquired 3,023,818 shares through an open market purchase on April 30, 2025. This move has been positively received by the market, with Home First Finance's stock price gaining nearly 2% in trading. The increased investment from this reputable fund may enhance Home First Finance's market credibility, potentially influence strategic decisions, and improve stock liquidity.

02May 25

Home First Finance Reports Strong Q4 and FY25 Results with 31% AUM Growth

Home First Finance Company India Limited (HomeFirst) announced impressive financial results for Q4 and FY25. The company's Assets Under Management (AUM) grew by 31.10% year-on-year to ₹127,127.00 million. Profit After Tax (PAT) for FY25 increased by 25% to ₹3,821.00 million. The company expanded its network, adding 40 touchpoints, and maintained strong asset quality with a Gross Stage 3 assets (GNPA) of 1.70%. HomeFirst also raised ₹12,500.00 million through a Qualified Institutions Placement (QIP) and recommended a dividend of ₹3.70 per share for FY25.

01May 25

Home First Finance Reports Strong Growth in Q4 and FY25, Recommends Dividend

Home First Finance Company India Limited announced strong Q4 FY25 results with AUM reaching ₹12,713 crore, up 31% YoY. Net profit rose 25.4% to ₹105 crore. For FY25, total income grew 33.1% to ₹1,539.2 crore, with PAT up 25% to ₹382.1 crore. The company maintained a 1.7% GNPA ratio and improved ROE to 17%. A dividend of ₹3.70 per share was recommended. The company also raised ₹1,250 crore through a QIP in April 2025 for future growth.

25Apr 25

Home First Finance Company India Ltd. Witnesses Significant Block Trade Ahead of Financial Results

Home First Finance Company India Ltd. experienced a significant block trade of 236,358 shares at Rs. 1,251.00 per share on the NSE, totaling Rs. 29.57 crores. The company has scheduled a board meeting for May 1, 2025, to approve Q4 and FY2025 results, consider dividend recommendations, and discuss potential fund-raising through Non-Convertible Debentures. An earnings call is set for May 2, 2025, with key management participation. The trading window for designated persons is closed from April 1, 2025, until 48 hours post-results announcement.

16Apr 25

Home First Finance Company Raises ₹1,250 Crore via QIP, Marking First Equity Fundraise Since 2021 IPO

Home First Finance Company India Limited (HomeFirst) has raised ₹1,250 crore through a Qualified Institutions Placement (QIP), issuing 1.30 crore equity shares to Qualified Institutional Buyers. The QIP attracted diverse foreign and domestic institutional investors, including IFC, Capital World, HDFC AMC, and Aditya Birla Sunlife AMC. This capital infusion, the company's first since its 2021 IPO, will support HomeFirst's expansion plans and strengthen its position in the affordable housing finance sector.

14Apr 25

Home First Finance Secures ₹1,250 Crore Through QIP, Bolstering Financial Position

Home First Finance Company has successfully raised ₹1,250 crore (approximately $150 million) through a Qualified Institutional Placement (QIP). This fundraising effort aims to strengthen the company's financial position and support future growth initiatives in the Indian housing finance sector. The company's total assets have increased by 41.47% to ₹9,534.00 crore compared to the previous year. The fresh capital is expected to expand the loan portfolio, improve liquidity, invest in technology, and strengthen the balance sheet.

09Apr 25

Home First Finance Sets Rs 1,019.25 Floor Price for Qualified Institutional Placement

Home First Finance Company India Limited has announced a Qualified Institutional Placement (QIP) with a floor price of Rs 1,019.25 per share, aiming to raise up to Rs 1,250 crore. The company's financial position as of December 31, 2024, showed a gross loan book of Rs 101,464.17 million and total assets of Rs 117,683.09 million. For the nine months ended December 31, 2024, Home First reported a total revenue of Rs 11,230.12 million and a profit after tax of Rs 2,773.76 million.

08Apr 25

Home First Finance Sets QIP Floor Price at ₹1,019.25, Aims to Raise up to ₹1,250 Crore

Home First Finance Company India Limited has set the floor price for its Qualified Institutional Placement (QIP) at ₹1,019.25 per share, aiming to raise up to ₹1,250 crore. The QIP opened on April 8, 2025, with a potential discount of up to 5% on the floor price. The company's gross loan portfolio grew by 23.55% to ₹101,464.17 million as of December 31, 2024, showcasing strong financial performance. Home First maintains a robust liquidity position with ₹6,115.52 million in cash and cash equivalents and ₹3,432.74 million in investments.

13Mar 25

Home First Finance Company to Raise Up to ₹1,250 Crore Through QIP

Home First Finance Company is preparing to launch a Qualified Institutional Placement (QIP) next week, aiming to raise up to ₹1,250 crore. This capital-raising initiative could strengthen the company's financial position, potentially fund business expansion, and may be seen as a vote of confidence from institutional investors. The success of the QIP and its utilization will be crucial for the company's future growth trajectory.