Home First Finance Company India Limited has informed the Exchange regarding Change in Auditors of the company.
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Home First Finance Company India Limited announced its audited financial results for Q4 and FY25, posting a strong 25% jump in net profit to Rs. 3,820.68 million (vs Rs. 3,057.17 million last year), while total revenue from operations grew 34% to Rs. 15,299.47 million. The loan book expanded to Rs. 1,06,487 million from Rs. 81,434 million. Statutory auditor B S R & Co. LLP issued an unmodified opinion. The Board recommended a higher dividend of Rs. 3.70 per share (185% of face value), up from Rs. 3.70 vs Rs. 3.40 last year. Internal auditors were reappointed, and a new Secretarial Auditor (Aashish K. Bhatt & Associates) was appointed for 5 years, replacing the previous one. Mr. Maninder Singh Juneja, a True North nominee director, resigned effective May 02, 2025 citing other priorities. The Board also approved raising up to Rs. 700 crore via private placement of NCDs, shortly after completing a Rs. 1,250 crore QIP in April 2025 at Rs. 970/share.
Strong earnings growth, loan book expansion, and a higher dividend signal healthy business momentum and should be viewed positively by shareholders. The director resignation appears to be a routine exit of a PE (True North) nominee and is not concerning. The NCD issuance and recent QIP reflect active capital raising to fund growth.