Home First Finance Company India Reports Growth

Home First Finance Company India, a midcap finance company specializing in housing loans, has recently announced its financial results for the quarter ended September 2023. The company has reported a 7.42% growth in net sales and a 7.51% growth in standalone net profit compared to the previous quarter.

According to MarketsMOJO, a leading stock analysis platform, Home First Finance Company India's stock call is 'Buy'. This positive financial performance has led to an increase in the company's score from 19 to 18 in the last 3 months.

The company's net sales have been consistently growing in the last five quarters, with the highest recorded at Rs 273.33 crore in the quarter ended September 2023. Similarly, the operating profit and profit before tax have also shown a positive trend, with the highest recorded in the same quarter.

Home First Finance Company India's operating profit margin has also improved in the last five quarters, indicating an increase in efficiency. The company's earnings per share have also been consistently increasing, showing higher profitability and value for shareholders.

However, the company's operating cash flow has been falling in the last three years, and its debt-equity ratio has been increasing in the last five half-yearly periods. This may indicate a potential strain on the company's liquidity.

Overall, Home First Finance Company India has shown a positive financial performance in the quarter ended September 2023, with a strong sales and profit growth. Investors can take note of the company's improving financials and the 'Buy' stock call by MarketsMOJO.