Home First Finance Company India Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2022
May 03, 2022 at 07:52 am EDT
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Home First Finance Company India Limited reported earnings results for the fourth quarter and full year ended March 31, 2022. For the fourth quarter, the company reported revenue was INR 1,560.86 million compared to INR 1,358.48 million a year ago. Net income was INR 601.88 million compared to INR 312.85 million a year ago. Basic earnings per share from continuing operations was INR 6.87 compared to INR 3.65 a year ago. Diluted earnings per share from continuing operations was INR 6.73 compared to INR 3.6 a year ago.
For the full year, revenue was INR 5,957.01 million compared to INR 4,891.61 million a year ago. Net income was INR 1,860.98 million compared to INR 1,001.42 million a year ago. Basic earnings per share from continuing operations was INR 21.26 compared to INR 12.37 a year ago. Diluted earnings per share from continuing operations was INR 20.85 compared to INR 12.18 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.