Home First Finance Company India Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 18, 2024 at 06:06 am EST
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Home First Finance Company India Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported revenue was INR 3,010.1 million compared to INR 2,055.42 million a year ago. Net income was INR 788.21 million compared to INR 587.43 million a year ago. Basic earnings per share from continuing operations was INR 8.93 compared to INR 6.69 a year ago. Diluted earnings per share from continuing operations was INR 8.65 compared to INR 6.47 a year ago.
For the nine months, revenue was INR 8,387.98 million compared to INR 5,642.95 million a year ago. Net income was INR 2,222.51 million compared to INR 1,642.64 million a year ago. Basic earnings per share from continuing operations was INR 25.21 compared to INR 18.73 a year ago. Diluted earnings per share from continuing operations was INR 24.47 compared to INR 18.11 a year ago.
Home First Finance Company India Limited is an India-based housing finance company. The Company is primarily engaged in the business of lending housing loans, loans for the purpose of purchasing a commercial property, loans against property and construction finance. The Companyâs products include home loans for salaried professionals, home loans for the self-employed, home construction loans, home extension and renovation loans, loans against property, home loans for non-resident Indians (NRIs), home loans for senior citizens, home loan balance transfers, home loans top up, and loans for purchase of commercial property. The Company provides a mobile application, Home First Customer Portal, which provides functions, such as accessing their loan statements, prepaying loans without any prepayment charges and raising service requests. It targets first-time formal buyers in low-and middle-income groups. The Company has more than 100 branches across India.
HOME FIRST FINANCE COMPANY INDIA LIMITED 
