The HFC's Profit After Tax is Rs37 Cr, up by 8% YoY, AUM atRs7,604 Cr, up by 31% YoY
FinTech BizNews Service
Mumbai, January 25, 2024: Grihum Housing Finance Limited (formerly Poonawalla Housing Finance Limited) has posted a strong performance in Q3 FY2024.
Grihum delivered its highest ever disbursement of Rs860 Cr, up 40% YoY. Its Asset Under Management (AUM) stands atRs7,604 Cr, a 31% jump YoY. Revenue grew by 35 per cent YoY, totalling up toRs270 Cr for the quarter. The Company announced a PAT (Profit After Tax) of 37 Cr, up by 8% YoY. Grihum’s net worth has risen toRs1,843 Cr, up by 55% YoY.
“Over the past ~7 years, the company has maintained a consistent 30% CAGR, solidifying its position as a national-scale AHFC, catering to 75,000+ customers in semi-urban and peri-urban markets. Our primary aim is to help customers achieve their dream of a first home. We are driven by metrics of hygiene - AQI (Asset Quality Index) and our overarching objective, reflected in our Swachh Grihum campaign, is about spotless quality. Our mission is to provide 'Housing for All,' ensuring home ownership in the hinterland.” said Mr Manish Jaiswal, Managing Director & Chief Executive Officer, Grihum.
The last few weeks have been full of highpoints for Grihum. A few days ago, it earned a favourable evaluation from CRISIL, India’s largest rating agency. Grihum’s short-term debt instruments were rated ‘CRISIL A1+’, while its long-term debt instruments received a ‘CRISIL AA-/Stable’.
