Motilal Oswal Home Finance (MOHFL), a leading housing finance company offering home loans, loans against property (LAP), and other retail loan products, has reported a Profit After Tax (PAT) of Rs. 56 crores for the first half of FY25. This marks a solid performance amidst challenging market conditions. As of September 30, 2024, the company’s Assets Under Management (AUM) stood at Rs. 4,233 crores, reflecting robust growth.
Key Highlights:
Disbursements: Crossed Rs. 600 crores in H1FY25.
Yield on Advances: 13.8%, with a spread of 5.4%.
Net Gearing: 1.9x.
Capital Adequacy Ratio (CRAR): 45.6%, showcasing strong financial stability.
Credit Rating Upgrade: CRISIL, ICRA, and India Ratings upgraded the company's outlook to AA/Positive from AA/Stable.
Asset Quality: The company maintained a healthy asset quality with a Gross Non-Performing Asset (GNPA) ratio of 1.3% and a Net NPA (NNPA) ratio of 0.7%, demonstrating effective risk management.
Company Profile:
Motilal Oswal Home Finance, a subsidiary of Motilal Oswal Financial Services, provides a range of financial products designed to meet the housing needs of individuals and families. The company’s offerings include affordable housing loans, loans against property, and a variety of other retail financial products. MOHFL is known for its customer-centric approach, leveraging technology to enhance service delivery and expand its reach.
With a strong presence across 12 states, including Maharashtra, Gujarat, Madhya Pradesh, Andhra Pradesh, Karnataka, Rajasthan, Tamil Nadu, Chhattisgarh, Telangana, Delhi, Haryana, and Uttar Pradesh, the company operates from 112 locations. This widespread footprint helps it serve a diverse customer base across urban and semi-urban markets.
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