Home First Finance Company India Ltd Q3 FY2023 net profit higher at Rs. 58.74 crores

Home First Finance Company India Limited has reported Standalone financial results for the period ended December 31, 2022.

Financial Results (Q3 FY2023) - QoQ Comparison

The company has reported total income of Rs. 205.542 crores during the period ended December 31, 2022 as compared to Rs. 189.408 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 58.743 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 54.274 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 6.53 for the period ended December 31, 2022 as compared to Rs. 6.03 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹205.542 crs	₹189.408 crs	8.52%
Net Profit	₹58.743 crs	₹54.274 crs	8.23%
EPS	₹6.53	₹6.03	8.29%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.205.542 crores during the period ended December 31, 2022 as compared to Rs.151.711 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.58.743 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.45.937 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.6.53 for the period ended December 31, 2022 as compared to Rs.5.14 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹205.542 crs	₹151.711 crs	35.48%
Net Profit	₹58.743 crs	₹45.937 crs	27.88%
EPS	₹6.53	₹5.14	27.04%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.564.295 crores during the 9 Months period ended December 31, 2022 as compared to Rs.439.615 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.164.264 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.125.910 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.18.28 for the 9 Months period ended December 31, 2022 as compared to Rs.14.11 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹564.295 crs	₹439.615 crs	28.36%
Net Profit	₹164.264 crs	₹125.910 crs	30.46%
EPS	₹18.28	₹14.11	29.55%

Asset Quality:

Asset Quality	Q3 FY2023	Q2 FY2023	Q3 FY2022
Gross NPA	₹ crs	₹ crs	₹ crs
Gross NPA %	%	%	%
Net NPA	₹ crs	₹ crs	₹ crs
Net NPA %	%	%	%

Gross NPA was at ₹ crs in Q3 FY2023 against ₹ crs in Q3 FY2022. The same was at ₹ crs in Q2 FY2023.

Net NPA was at ₹ crs in Q3 FY2023 against ₹ crs in Q3 FY2022. The same was at ₹ crs in Q2 FY2023.

GNPA was at % of Gross advances as on December 31, 2022 as compared to % as on December 31, 2021 and % as of September 30, 2022.

Net NPA was at % of Gross advances as on December 31, 2022 as compared to % as on December 31, 2021 and % as of September 30, 2022.

Ratios	Q3 FY2023	Q2 FY2023	Q3 FY2022
RoA %	%	%	%
CAR (BASEL III) %	%	%	%

Return on Average Assets (RoA) is at % for Q3 FY2023 against % in Q2 FY2023 and % in Q3 FY2022.

In Q3 FY2023, Bank's total Capital Adequacy Ratio (CAR) was at %, as compared to % in Q2 FY2023 and % in Q3 FY2022.

Shares of Home First Finance Company India Limited was last trading in BSE at Rs. 755.50 as compared to the previous close of Rs. 754.45. The total number of shares traded during the day was 7724 in over 1301 trades.

The stock hit an intraday high of Rs. 769.50 and intraday low of 736.60. The net turnover during the day was Rs. 5843723.00.

Source : Equity Bulls

Keywords

HomeFirstFinanceCompanyIndia Q3FY23 9MFY23 ResultUpdate