Home First Finance Q2 results: PAT jumps 24%, AUM grows 34% #CashNews.co

Warburg Pincus-backed Home First Finance reported a 24.1% year-on-year increase in profit after tax (PAT) to ₹92.2 crore for the second quarter of FY25. Total income rose by 34.6% to ₹374 crore, driven by growth in its core affordable housing segment, the company said on Thursday.

Assets under management (AUM) saw a 34.2% increase, reaching ₹11,229 crore, while loan disbursements climbed 22.7% to ₹1,177 crore during the quarter.

Commenting on the results, Manoj Viswanathan, MD & CEO, said, “We are pleased with the company’s strong performance during the quarter. Disbursements grew by 22.7% y-o-y, resulting in an AUM of ₹11,229 crore with a growth of 34.2% y-o-y. We remain committed to providing affordable housing, driven by technology and strong execution.”

Return on equity (ROE) improved to 16.5%, up 90 basis points year-on-year, while return on assets (ROA) stood at 3.4%.

Home First Finance also expanded its footprint by adding nine new branches during the quarter, bringing its total to 142 branches across 13 states