Home First India (HOMEFIRST) Q4 18/19 earnings summary

Executive summary

• FY19 delivered rapid growth in affordable housing finance, with total revenue up 81%, PAT up 68%, disbursements up 111% and AUM up 80% YoY.

• Expansion widened the network to 60 branches across 11 states and one union territory; employee strength increased to 675 from 382.

Financial highlights

• Total revenue was ₹265.34 crore versus ₹146.28 crore; profit before tax was ₹59.02 crore versus ₹38.32 crore, and PAT was ₹42.24 crore versus ₹25.20 crore.

• Revenue from operations reached ₹252.33 crore; interest on loans contributed ₹219.10 crore, while finance costs rose to ₹127.83 crore from ₹66.54 crore.

• Operating expenses increased to ₹73.81 crore from ₹39.39 crore, reflecting branch and staffing expansion; provision on loans was ₹4.67 crore versus ₹2.03 crore.

• Total loan disbursements were ₹1,572.84 crore, up 111% YoY; sanctions reached ₹1,873.51 crore, up 93%.

Outlook and guidance

• Planned priorities: expand branches and deepen existing markets, strengthen risk management as the loan book scales, diversify funding sources and optimize borrowing costs.

• Continued technology investment targeted end-to-end digital loan processes, machine-assisted underwriting, faster turnaround and improved operating leverage.