Home First Finance Company India Reports Strong Financial Performance in Q4 2023

Home First Finance Company India, a midcap finance company specializing in housing, has recently announced its financial results for the quarter ending December 2023. The company has received a 'Hold' call from MarketsMOJO, a leading financial analysis platform.

According to the financials, Home First Finan has shown a positive performance in the quarter, with a score of 19, an improvement from 18 in the last 3 months. The company's net sales for the quarter were the highest at Rs 296.30 crore, showing a growth trend in each of the last five quarters. The operating profit (PBDIT) for the quarter was also the highest at Rs 231.25 crore, with a positive trend in the near term. Similarly, the profit before tax (PBT) and profit after tax (PAT) were also the highest at Rs 98.04 crore and Rs 78.82 crore respectively, with a positive trend in the near term.

The company's net sales for the quarter have grown at 23.4% over the average net sales of the previous four quarters, indicating a positive sales trend. The operating profit margin for the quarter was also the highest at 78.05%, showing an improvement in the company's efficiency. The earnings per share (EPS) for the quarter were the highest at Rs 8.92, indicating an increase in profitability and higher earnings for shareholders.

However, the debt-equity ratio for the half-yearly period was the highest at 3.08 times, with a growing trend in the last five half-yearly periods. This suggests that the company is borrowing more to fund its operations, which may lead to a stressed liquidity situation.

Overall, Home First Finance Company India has shown a positive financial performance in the quarter ending December 2023, with strong sales and profitability. However, investors should keep an eye on the company's debt levels and its impact on liquidity.