HFCL Ltd (HFCL)

Motilal Oswal Recommends BUY Rating for Home First Finance - 15 May, 2024

Home First Finance's 4QFY24 PAT grew 30% YoY to INR835m, while its FY24 PAT grew 34% YoY to INR3.1b. NII grew 22% YoY to INR1.37b. The company obtained its corporate agency license in Feb24 and expects to sign a partnership with one insurer in 1QFY25. The asset quality of Home First is likely to strengthen and credit costs are expected to remain benign over FY25-26.

Motilal Oswal Recommends Buy on Home First Finance Company India - 10 May, 2024

Home First Finance Company India reported a standalone total income of Rs 317.75 crore for Q4-2024, up 5.56% from the previous quarter and 37.37% YoY. The company's net profit after tax was Rs 83.47 crore in the latest quarter. Promoters held 23.56% stake in the company as of March 31, 2024, while FIIs owned 25.09%, DIIs 11.84%. Motilal Oswal has set a target price of Rs 1070 with a buy call.

HFCL Ltd Posts Strong Q4 Earnings - 09 May, 2024

HFCL Ltd reported a 30.5% increase in net profit, rising to Rs 83.5 crore compared to the previous year's Rs 64 crore. Net interest income also showed strong growth, increasing by 22.4% to Rs 136.8 crore from Rs 111.8 crore YoY.

HFCL Urges Govt Not to Stop DCIS Scheme; Home First Finance Reports Surge in Disbursements and Net Profit - 08 May, 2024

HFCL has urged the government not to halt the Digital Communication Innovation Square (DCIS) scheme midway, while Home First Finance reported a surge in disbursements and net profit for Q4 FY24 with an AUM growth of 34.7%. The company's GNPA to Total PCR improved to 50.9%.

HFCL Reports Increase in Quarterly Net Profit and EBITDA - 06 May, 2024

HFCL Ltd's standalone net profit for March 2024 quarter increased to Rs. 115.44 crore, up by 127.2% YoY, while EBITDA stood at Rs. 199.43 crore, up by 75.11% YoY. However, the net sales decreased by 6.43% YoY. HFCL shares closed at Rs. 100.60 on May 03, 2024 (NSE) with returns of 54.41% over the last 6 months and 56.09% over the last 12 months.

HFCL Reports Q4FY24 Earnings Results - 03 May, 2024

HFCL Ltd reported its Q4FY24 earnings results, showing a decline in revenue but growth in PAT and EBITDA. The company estimates demand for telecom gear and OFC to restore from Q2FY25 onwards.

Individual Investors Hold Majority Stake in HFCL Ltd - 19 Apr, 2024

HFCL Ltd's top 25 shareholders own 43% of the company, with individual investors holding a majority stake of 57%. Private companies own 25%, and public companies own 3.4%. Last week's 4.4% price drop affected many individual investors.