Home First Finance Reports 43% Profit Surge Driven by AUM Growth
Home First Finance profit surges 43% on strong AUM growth
The Economic Times
Image: The Economic Times
Home First Finance Company India experienced a 43% increase in net profit for Q4 FY26, reaching ₹150 crore compared to ₹105 crore a year prior. The growth was supported by a 25% rise in assets under management, totaling ₹15,878 crore. The company also announced a 260% dividend for the fiscal year.
- 01Net profit increased by 43% to ₹150 crore in Q4 FY26.
- 02Total income grew by 21.3% year-on-year to ₹505 crore.
- 03Assets under management rose by 25% to ₹15,878 crore.
- 04Gross non-performing assets ratio increased slightly to 1.8%.
- 05A dividend of ₹5.20 per share was recommended by the board.
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Home First Finance Company India reported a 43% surge in its net profit for the fourth quarter of FY26, amounting to ₹150 crore, compared to ₹105 crore in the same quarter last year. This growth was fueled by a 21.3% increase in total income, which reached ₹505 crore. The company's operating profit also saw a significant rise of 45%, totaling ₹211 crore. Additionally, the assets under management (AUM) grew by 25%, reaching ₹15,878 crore by the end of March. Despite the growth, the gross non-performing assets (NPAs) ratio slightly increased to 1.8% from 1.7% a year earlier. The board has recommended a 260% dividend, translating to a ₹5.20 payout per share, reflecting the company's strong financial performance.
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The strong profit growth and dividend payout may enhance investor confidence and attract more investment in the company, benefiting shareholders.
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