IIFL Home Finance becomes India’s leading affordable housing finance company with AUM crossing ₹ 35,000 crores and PAT increasing by 32% YoY
Mumbai, May 23, 2024. IIFL Home Finance Limited (IIFL HFL) has seen its Asset Under Management (AUM) swell from ₹ 28,512 cr in FY23 to ₹ 35,499 cr in FY24, witnessing a 25% YoY growth, making the company India's largest affordable housing finance company with an average ticket size of ₹ 14.26 lac.Basis the exchange reporting on May 6, 2024, the company with over 20% shareholding of Abu Dhabi Investments Authority (ADIA), saw its the revenue from operations rise from ₹ 2,712 cr in FY23 to ₹ 33,17 cr in FY24, recording a 23% YoY growth. The Profit After Tax saw a 32% jump from Rs 768. cr in FY 23 to Rs 1017 cr in FY 24. The NIM's saw an improvement of 80 bps and strengthened from 6.5% in FY 2223 to 7.3% in FY24, with capital adequacy ratio of 42.7%. The Gross NPA also saw ...
