Home First Finance Q2 PAT up 24% Y-o-Y, NII up 18%

BL Mumbai Bureau Updated - October 24, 2024 at 07:58 PM.

The housing finance company, in the affordable segment, ended the quarter with assets under management of ₹11,229 crore, up 34.2 per cent on year

It disbursed loans of ₹1177 crore in the quarter. 

Warburg Pincus-backed Home First Finance reported net profit of ₹92.2 crore in the second quarter of FY25, up by a fourth while net interest income was 18 per cent higher at ₹139.5 crore.

The housing finance company, which is focused on the affordable segment, ended the quarter with assets under management of ₹11,229 crore, up 34.2 per cent on year. It disbursed loans of ₹1177 crore in the quarter.

Of the $75 million sanctioned by the US Development Finance Corporation, it has completed its first drawdown, which will be used to provide affordable housing and mortgage financing to women borrower.

Published on October 24, 2024 12:26

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