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Home First Finance Company Money Making Up 27% at Rs 88 Crore in Q1FY25
7/26/2024 12:13:00 PM
Home First Finance Company has reported a 27% year on year increase in profit to Rs. 88 crores in the first quarter of this fiscal against Rs. 69 crore profit a year ago. Their non performing assets, or bad loans stood at 1.7% unchanged from the previous quarter and is expected to continue at similar levels in the future. It assets under management grew 35% on year to Rs. 10,475 crores, while loan disbursement Grew 30% on year to Rs. 1,163 crores. About 86% of its portfolio comprises housing loans With average ticket size of Rs 11.6 lakh. “We have increased presence in 4 new districts taking the total coverage to 135 districts. The company plans to open 20-25 new physical branches in this financial year”, said Manoj Viswanathan, Managing Director at home First Finance. Home First Finance now has a total of 133 branches across 13 states in the country.
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INDIA