Home First Finance Company's net profit jumps multifold to Rs 31 cr in Q4FY21
New Delhi: Home First Finance Company saw a multifold jump in profit after tax at Rs 31 crore for the fourth quarter ended 31 March 2021 as compared to a profit after tax of Rs 12 crore in the same period of the previous fiscal.
For the whole of last fiscal 2020-2021, the company’s profit jumped 26 percent at Rs 100 crore as compared to Rs 80 crore in the same period of previous fiscal.
Disbursements of loans by the company jumped 30 percent to Rs 452 crore in the fourth quarter of last fiscal from Rs 347 crore during the corresponding quarter last year.
The collection efficiency of the company touched to 98.5 percent in March 2021 as compared to 97.6 percent during December 2020.
The company specializes in financing affordable homes.