Home First Finance Co India (NSE:HOMEFIRST) EBIT : ₹2,379 Mil (TTM As of Mar. 2024)

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What is Home First Finance Co India EBIT?

Home First Finance Co India's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ₹824 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ₹2,379 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Home First Finance Co India's annualized ROC % for the quarter that ended in Mar. 2024 was 2.86%. Home First Finance Co India's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1,105.74%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Home First Finance Co India's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1.69%.

Home First Finance Co India EBIT Historical Data

The historical data trend for Home First Finance Co India's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Home First Finance Co India EBIT Chart

Home First Finance Co India Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

EBIT

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1,082.74

1,348.58

2,271.47

2,562.12

3,110.55

Home First Finance Co India Quarterly Data
	Mar18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial														696.99	684.19	790.24	764.05	824.22

Competitive Comparison of Home First Finance Co India's EBIT

For the Mortgage Finance subindustry, Home First Finance Co India's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Home First Finance Co India's EV-to-EBIT Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Home First Finance Co India's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Home First Finance Co India's EV-to-EBIT falls into.

Home First Finance Co India EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹2,379 Mil.

Home First Finance Co India (NSE:HOMEFIRST) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Home First Finance Co India's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	3296.88 * ( 1 - 24.63% )	/	( (0	+	86969.67)	/ 1 )
=	2484.858456	/	86969.67
=	2.86 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	95339.56	-	154.8	-	( 8215.09	-	max(0, 154.8	-	89652.25	+	8215.09	))
=	86969.67

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Home First Finance Co India's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	3296.88	/	( ( (0 + max(0, 0))	+	(298.16 + max(-152.02, 0)) )	/	1 )
=	3296.88	/	( ( 0	+	298.16 )	/	1 )
=	3296.88	/	298.16
=	1,105.74 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0	+	0	+	0)
=	0

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	2.7799999999988)	-	(154.8	+	0	+	0)
=	-152.02

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Home First Finance Co India's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	2378.51	/	140574.655
	=	1.69 %

Home First Finance Co India EBIT Related Terms

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Home First Finance Co India (NSE:HOMEFIRST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Home First Finance Co India Ltd (NSE:HOMEFIRST) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

543259:India

Address

511, Acme Plaza, Andheri Kurla Road, Opposite Sangam Cinema, J B Nagar, Andheri (East), Mumbai, MH, IND, 400 059

Website

https://www.homefirstindia.com

Home First Finance Co India Ltd is an affordable housing finance company. The company is primarily engaged in the business of lending housing loans, loans to purchase commercial property, loans against property, and construction finance.

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