Motilal Oswal Home Finance Limited (MOHFL) has released its financial statements for the fiscal year 2022-23, highlighting an impressive growth trajectory. The company's total revenue for the year stood at ₹707 crore, a growth of 19.46% from the previous year's revenue of ₹592 crore. The company's net profit for the year was ₹136 crore, up by 43.15% from the previous year's net profit of ₹95 crore. Net Interest Income (NII) Improves Significantly One of the most significant improvements for MOHFL in the fiscal year 2022-23 was its Net Interest Income (NII), which increased to ₹312.86 crore from ₹271 crore in FY22. This impressive growth can be attributed to the company's focus on expanding its loan book and optimizing its interest rates. Total Expenses Decrease MOHFL also saw a reduction in its total expenses, which decreased from ₹408 crore to ₹356 crore. This reduction in expenses was due to the company's efforts to optimize its operations and reduce costs. As a result, MOHFL was able to improve its operating efficiency and increase its profitability. Provisioning in 2022-23 MOHFL's provisioning for the fiscal year 2022-23 was ₹18.93 crore, which indicates that the company has been able to manage its non-performing assets (NPAs) effectively. This provision is significantly lower than the previous year's provision of ₹72 crore. Loan Book Increases One of the most important factors driving MOHFL's growth in the fiscal year 2022-23 was the increase in its loan book, which grew by 9% to ₹3,808 crore. This growth was achieved through the company's focus on expanding its customer base and increasing its product offerings. GNPA and Net NPA As on 31st March 2023, MOHFL's Gross Non-Performing Assets (GNPA) stood at 1.07% and Net Non-Performing Assets (Net NPA) at 0.55%. These numbers are an improvement from the previous year's GNPA of 2.48% and Net NPA of 1.54%. Book Value and Price-to-Book Ratio MOHFL's book value stands at 1.9, giving the company a price-to-book (P/B) ratio of 5.13x. This suggests that the company may be overvalued, and investors should exercise caution before investing in the company's shares. Conclusion MOHFL has reported an impressive growth trajectory in the fiscal year 2022-23, driven by a significant improvement in its Net Interest Income and a reduction in its total expenses. The company's focus on expanding its loan book and optimizing its operations has resulted in increased profitability and improved asset quality. However, investors should exercise caution due to the company's high price-to-book ratio https://unlistedzone.com/shares/buy-sell-share-price-aspire-home-finance-corporation-unlisted-shares/