AUM of this small-cap finance company reached over Rs 7000 crore reporting a growth of 34 per cent YoY!

As the season of financial results is on company declared its Q4 result.

Recently, Home First Finance declared its result for Q4FY23 and the year ended on 31 March 2023. The company had Rs 7,198 crore under asset management up by 33.8 per cent over FY22. In FY23 it had disbursed Rs 3,013 crore of loans, up by 48.4 per cent. As on March 31, 2023, total borrowings including debt securities are at Rs 4,814 crore up from Rs 3,467 crore as on March 31, 2022. The company continues to carry liquidity of Rs 1,802 crore as on March 31, 2023. Cost of borrowings stood at 7.4 per cent in FY23, which increased by 20 bps compared to 7.2 per cent in FY22. 

On a quarterly basis, in Q4FY23 it disbursed Rs 869 crore with 35.6 per cent YoY growth and 11.4 per cent QoQ growth. The bounce rate of the company improved from 14.9 per cent to 13.6 per cent. 

Currently, it is trading at Rs 708.40 and has a 52-week high of Rs 1004.40 and a 52-week low of Rs 652.25.

Housing finance companies provide finance for housing in India to individuals and corporations. It majorly caters to low and middle-income individuals.