HOMEFIRSTNSEMarch 31, 2023

Home First Finance Company India Limited

8,233words
2turns
0analyst exchanges
0executives
Key numbers — 40 extracted
rs,
SE/NSE/EQ/10/2023-24 To, BSE Limited, Department of Corporate Services, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001. Scrip Code- 543259 Date:02-05-2023 To, The National Stock Excha
₹ 71,980
mmary | FY23 y-o-y Assets Under Management (AUM) (1) Disbursement Gross Stage 3 / POS (GNPA %) ₹ 71,980 Mn ₹30,129 Mn +33.8% +48.4% 1.6(2) In line with RBI circular dated 12 Nov 2021 0.9% prior to s
₹30,129
y-o-y Assets Under Management (AUM) (1) Disbursement Gross Stage 3 / POS (GNPA %) ₹ 71,980 Mn ₹30,129 Mn +33.8% +48.4% 1.6(2) In line with RBI circular dated 12 Nov 2021 0.9% prior to such classifi
33.8%
s Under Management (AUM) (1) Disbursement Gross Stage 3 / POS (GNPA %) ₹ 71,980 Mn ₹30,129 Mn +33.8% +48.4% 1.6(2) In line with RBI circular dated 12 Nov 2021 0.9% prior to such classification -7
48.4%
Management (AUM) (1) Disbursement Gross Stage 3 / POS (GNPA %) ₹ 71,980 Mn ₹30,129 Mn +33.8% +48.4% 1.6(2) In line with RBI circular dated 12 Nov 2021 0.9% prior to such classification -70 bps S
0.9%
A %) ₹ 71,980 Mn ₹30,129 Mn +33.8% +48.4% 1.6(2) In line with RBI circular dated 12 Nov 2021 0.9% prior to such classification -70 bps Spread(3) 5.7% +10 bps Opex to Assets 3.0% +30 bps Cos
70 bps
% +48.4% 1.6(2) In line with RBI circular dated 12 Nov 2021 0.9% prior to such classification -70 bps Spread(3) 5.7% +10 bps Opex to Assets 3.0% +30 bps Cost to Income 35.7% +170bps DPD 30+ /
5.7%
In line with RBI circular dated 12 Nov 2021 0.9% prior to such classification -70 bps Spread(3) 5.7% +10 bps Opex to Assets 3.0% +30 bps Cost to Income 35.7% +170bps DPD 30+ / POS % 2.7 -100
10 bps
with RBI circular dated 12 Nov 2021 0.9% prior to such classification -70 bps Spread(3) 5.7% +10 bps Opex to Assets 3.0% +30 bps Cost to Income 35.7% +170bps DPD 30+ / POS % 2.7 -100bps Prof
3.0%
12 Nov 2021 0.9% prior to such classification -70 bps Spread(3) 5.7% +10 bps Opex to Assets 3.0% +30 bps Cost to Income 35.7% +170bps DPD 30+ / POS % 2.7 -100bps Profit After Tax (PAT) (4)
30 bps
2021 0.9% prior to such classification -70 bps Spread(3) 5.7% +10 bps Opex to Assets 3.0% +30 bps Cost to Income 35.7% +170bps DPD 30+ / POS % 2.7 -100bps Profit After Tax (PAT) (4) Return
35.7%
h classification -70 bps Spread(3) 5.7% +10 bps Opex to Assets 3.0% +30 bps Cost to Income 35.7% +170bps DPD 30+ / POS % 2.7 -100bps Profit After Tax (PAT) (4) Return On Assets (ROA) (4) ₹2
Guidance — 1 items
Ratings
opening
“Investor Presentation – Q4 FY23 Google rating of Homefirst Google rating of Homefirst Google rating of Homefirst Customer App 4.2 As of 25 Apr’23 19 Connect App 4.6 RM Pro App 4.8 As of 25 Apr’23 As of 25 Apr’23 Progress on Social Development Responsibility towards community Responsibility towards employees Project “Sashakt”, an initiative by HomeFirst to bring an all- around improvement in the social, health and economic status of migrant factory workers living in Narol (Ahmedabad).”
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Risks & concerns — 5 flagged
Link ESG Risk Rating - Amongst best in the BFSI Industry in India • MorningStar Sustainalytics rated HomeFirst an ESG Risk Rating of 16.2 with Low Risk and Strong rating for ESG Risk Management.
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Company's risk management framework is driven by its Board and its subcommittees including the Audit Committee, the Asset Liability Management Committee and the Risk Management Committee.
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“Risk Management Committee” meetings on matters including Operational, Risk oversight, fraud prevention and control.
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(3) YoY growth in PAT computed considering Adjusted PAT for FY22 without the impact of one-time deferred tax liability adjustment Investors & Analyst can download the excel version of operational & financial numbers from our website link.
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Adjusted PAT, ROA and ROE computed excluding the impact of one time deferred tax liability adjustment.
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Speaking time
Ratings
1
Link
1
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Opening remarks
Ratings
Assigned Long Term Credit Facilities Rating AA- Stable 53,803 60,000+ sanctions 41,411 AUM crosses ₹35 bn. 36,183 AUM AUM Series C True North acquires majority stake GIC Co-investment with True North(1) 8,473 30,000+ customers 24,436 Net worth crosses ₹5,000 Mn. 13,559 2017 2018 2019 2020 2021 2022 2023 Series A Started Operations in Gujarat and Tamil Nadu Incorporation 20 2010 2011 200 2012 Series B Alpha TC Holdings Private Limited 1,000 customers 690 2013 Became Profitable 1,629 5,000 customers 3,368 2014 2015 10,000 Customers Spread across 25+ cities 5,477 2016 Early Days and Proof of Concept Consolidation Scaling Up Note: AUM in INR Million (1)Aether has co-invested with True North. Waverly owns 100% of Aether Class B Shares. Waverly is a wholly-owned indirect subsidiary of GIC (Ventures) Pte. Ltd (2) Investment by Orange Clove Investments B.V (an affiliate of Warburg Pincus). Warburg Invested on 1st October 2020 06 Investor Presentation – Q4 FY23 Shareholding as on 28 Apr’23 13.8% 2
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respond https://homefirstindia.com/policy/complaints-grievances/ complaints. customer to • Funds raised from IFC to finance affordable housing and green housing. HomeFirst raised Rs 280 crores from International Finance Corp (IFC) through up to 7-year debt. Link • Funds approved from DFC to support women borrowers for financing affordable housing. U.S. International Development Finance Corporation (DFC) Board of Directors approved a $75 million loan to HomeFirst to support affordable housing mortgage loans to women low-income borrowers. Link ESG Risk Rating - Amongst best in the BFSI Industry in India • MorningStar Sustainalytics rated HomeFirst an ESG Risk Rating of 16.2 with Low Risk and Strong rating for ESG Risk Management. Link • The company published first ever Sustainability Report for the year FY21-22 as part of its Integrated Annual Report. Link: https://homefirstindia.com/files/Sustainability%20Report_HomeFirst_FY22.pdf. • The Company received a Certificate of Merit in PMAY E
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