Home First India (HOMEFIRST) Q4 17/18 earnings summary

Executive summary

• FY18 revenue rose 55% YoY to ₹14,628.37 lakh; PAT increased to ₹2,520.17 lakh from ₹877.24 lakh.

• AUM reached ₹1,35,593.24 lakh; loan assets grew 74% YoY to ₹1,31,847.07 lakh.

• Affordable housing remained the core focus, supported by 8 branch additions and expansion to 44 branches across 11 states.

Financial highlights

• Total income was ₹14,628.37 lakh versus ₹9,428.93 lakh in FY17; PBT was ₹3,832.33 lakh versus ₹1,366.63 lakh.

• PAT was ₹2,520.17 lakh versus ₹877.24 lakh; basic EPS was ₹24.42 versus ₹23.22 and diluted EPS was ₹23.80 versus ₹20.14.

• Net interest income was ₹6,451 lakh; operating expenses were ₹4,227 lakh, including employee cost of ₹2,215 lakh.

Outlook and guidance

• FY19 priorities: build a trusted customer brand, expand distribution in focus states, strengthen risk management and diversify funding sources.

• Growth plans emphasize newer markets and product lines, technology-led process optimization, improved productivity and faster turnaround times.

• Affordable housing demand is expected to benefit from PMAY subsidies and infrastructure status; the segment was estimated to reach ₹6.25 trillion by 2022.