{"id":117672,"date":"2024-01-19T13:56:05","date_gmt":"2024-01-19T08:26:05","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=117672"},"modified":"2024-01-19T14:33:38","modified_gmt":"2024-01-19T09:03:38","slug":"small-cap-stock-jumps-7-after-announcing-33-yoy-increase-in-net-profits","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-7-after-announcing-33-yoy-increase-in-net-profits\/","title":{"rendered":"Small cap stock jumps 7% after announcing 33% YoY increase in net profits"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-878660772\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>One of the leading housing finance company stock rose by 7% to its 52-week high of \u20b91058.8 per share from its previous close of \u20b9982 after the company announced its Quarterly result and investor presentation.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2714420432\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>In the exchange filing, Home First Finance Company India Ltd announced its third quarter financial results and the investor presentation.\u00a0<\/p><p>The company\u2019s net revenue has increased 44% YoY from \u20b9205 to \u20b9296, on a QoQ basis their revenue rose by 8.4% from \u20b9273. Additionally, the net profit of the company rose by 33% YoY from \u20b959 to \u20b979, on a QoQ basis their profit spiked by 6.7% from \u20b974.&nbsp;<\/p><p>Additionally, In Q3FY24, the company expanded to 123 branches in 13 states\/UTs and 305 touchpoints. Disbursements totaled \u20b91,007 Crs, representing a 29.1% YoY increase. AUM increased to \u20b99,014 Crs, with housing loans accounting for 86%.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2940133296\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Asset quality remained stable, with gross non-performing assets (GNPA) of 1.7%. Provisions totaled Rs 68 crore, with a GNPA to total provision coverage ratio of 52.4%.&nbsp;<\/p><p>Total Capital to Risk Assets Ratio (CRAR) was 40.9%, and the Q3FY24 financial performance showed growth in total income, pre-provision operating profit (PPOP), and PAT, according to the filing.&nbsp;<\/p><p>Home First Finance Company India Ltd is a small-cap company with a market capitalization of \u20b98,900 crores, the share price of the company rose 25% in the last six months and 37% in the last year.&nbsp;<\/p><p>The company has a return on equity of 13%, a return on capital employed of 10%, and a net profit margin of 28%.&nbsp;<\/p><p>The promoters of the company own 30.19% of the stock, the general public owns 44.46%, foreign institutional investors own 17.02%, and domestic institutional investors own 8.33%.&nbsp;<\/p><p>Home First Finance Company India Limited operates in the housing finance industry in India. The Company&#8217;s primary business is lending housing loans, loans for the purchase of commercial property, loans against property, and construction financing.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-3479098967\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong>Written by Sriram KV<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-386627639\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>One of the leading housing finance company stock rose by 7% to its 52-week high of \u20b91058.8 per share from its previous close of \u20b9982 after the company announced its Quarterly result and investor presentation.&nbsp; In the exchange filing, Home First Finance Company India Ltd announced its third quarter financial results and the investor presentation.\u00a0 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":39466,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-117672","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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