Q3 2025 Home First Finance Company India Ltd Earnings Call Transcript
Key Points
- Home First Finance Co India Ltd (BOM:543259) reported a strong AUM growth of over 30% and profitability with an ROE of 16.6%.
- The company expanded its distribution network significantly, adding 69 branches over the last 11 quarters, nearly doubling its branch count.
- Technology adoption is high, with 96% of customers registered on the app and 88% of service requests being raised through it.
- The company announced plans to raise equity capital of up to INR 1,250 crores, reflecting confidence in its growth potential.
- Home First Finance Co India Ltd (BOM:543259) has a well-diversified borrowing profile, maintaining effective borrowing costs and spreads at 5.2%.
- The company faced a minor seasonal uptick in early delinquencies, partly attributed to the rural macro environment.
- There was a tightening of credit filters, impacting disbursal volumes by INR 10 crores to INR 15 crores for the quarter.
- The net interest margin for Q3 was at 4.9%, showing a compression of 24 basis points on a QoQ basis.
- The cost of borrowing has increased marginally to 8.4%, reflecting continuous increases in deposit rates by banks.
- The company is planning to raise equity capital, which may temporarily dilute ROE, expected to drop to 15.5% post-raise.
Ladies and gentlemen, good day and welcome to Home First Finance Company India Limited Q3 FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Deepak Khetan, Head Investor Relations of Home First Finance Company India Limited. Thank you and over to you, sir.
Thank you. Good evening, everyone, and a warm welcome to Home First Q3 FY25 Earnings Call. We appreciate your time and participation today. I'm Deepak Khetan, and I have joined Home First Finance as Head of Investor Relations with effect from January 25.
I'm excited to build a high-quality investor relations franchise for Home First Finance. I hope you have had the opportunity to review our investor presentation and press release, which are available on our website and the stock exchanges. Additionally, we have uploaded an excel pack sheet with theoretical data on our website for your reference.
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