Housing Finance company Home First Finance Company India announced Q2FY26 results Total Income at Rs 479 crore; growth of 28.0% YoY. PPOP stands at Rs 188 crore; growth of 49.5% YoY. PAT at Rs 132 crore; up by 43.0% YoY. ROA is at 3.8%; up by 10 bps YoY. ROE at 13.4% due to enlarged equity base post recent fund raise; pre-money adjusted RoE at 16.7%. Asset Quality: Bounce rates range-bound. Oct’25 bounce rate of 17.4%. 1+ DPD is at 5.5% (up by 10 bps on QoQ). 30+ DPD at 3.7% (up by 20 bps on QoQ). Gross Stage 3 (GNPA) at 1.9%. Our credit cost is at 40 bps for the quarter. Asset under Management (AUM): Rs 14,178 crore, growth of 26.3% on YoY basis and 5.2% on QoQ basis. Focus on housing loans that contribute 83% of AUM. EWS / LIG category forms ~60% of the customer base. Provisions: ECL provision as on Sep’25 is Rs 94 crore; resulting in total provision to loans outstanding ratio at 0.8%; and the GNPA to total provision coverage ratio (PCR) is at 40.8% as of Sep’25 vs 43.1% as of Jun’25. Borrowings: Total borrowings including debt securities are at Rs 9,653 crore as on Sep’25. The company continues to carry a liquidity buffer of Rs 4,280 crore as of Sep’25. Cost of borrowings at 8.1%, lower by 30 bps compared to Q1FY26. Capital Adequacy: Total CRAR at 48.4%. Tier I capital stands at 48.0% as on Sep’25. Networth as on Sep’25 is at Rs 4,014 crore vis-à-vis Rs 3,855 crore as on Jun’25. Distribution: The Company has 163 branches (+5 from Jun’25) with presence in 13 States / UT. Total touchpoints increased to 366 (+4 from Jun’25 and +15 from Sep’24). Q2FY26 Disbursements: Disbursements of Rs 1,289 crore, YoY growth of 9.6%. Manoj Viswanathan, MD & CEO said: “At HomeFirst Finance, Q2 FY26 was another quarter of disciplined growth and steady execution; with the backdrop of a subdued macro environment marked by prolonged monsoons and tariff hikes. Our AUM reached Rs 14,178 crore, up 26.3% YoY and 5.2% QoQ. We continued to deepen our presence with a 163-branch network across 143 districts in 13 states - 5 additions since June. On the people front, we added a net of 14 employees, taking our base to 1,723. On the liability side, proactive management helped us lower our cost of borrowings by 30 bps QoQ, supporting an ex–co-lending spread of 5.3%, up 20 bps. Profitability was robust: PAT came in at Rs 132 crore, up 43.0% YoY and 10.9% QoQ, delivering a RoA of 3.8%. Reported ROE was 13.4% post our recent equity raise; on a premoney adjusted basis, ROE stands at 16.7% - a better reflection of underlying earnings power. Our asset quality remains healthy and within our comfort bands: 1+ DPD is at 5.5% (up by 10 bps on QoQ). 30+ DPD at 3.7% (up by 20 bps on QoQ). Gross Stage 3 (GNPA) is at 1.9% (up by 10 bps on QoQ). Our credit cost is at ~40 bps (flat on QoQ basis). We continue to maintain a credit cost guidance of 30 to 40 bps, ensuring disciplined risk management even as we scale. Technology remains central to our strategy. Digital adoption continues to be strong and a key area of our focus as we grow. Account Aggregator penetration reached 83% of new approvals; digital fulfillment crossed 80% through e-agreements and e-NACH; and 96% of our customers are now app-registered, with 87% of service requests raised in-app. We are equally committed to responsible growth. Under our Green Homes initiative, we certified 50 additional homes in the quarter, taking the cumulative count to 240 as of September. I am pleased to share that Morningstar Sustainalytics reaffirmed our ‘Low ESG Risk’ category with an improved score of 13.6 versus 16.2 last year. That is a reflection of our fundamentals, governance discipline, and the culture we are building. As we enter H2, we remain optimistic about our business momentum on the back of improving macro environment, easing interest rate cycle , benign inflation trajectory and proactive government & regulatory measures. To sum up, this quarter represented: consistent growth, expanding spreads, strong profitability, and stable asset quality. Thank you to our customers for their trust, to our partners for their support, and to the HomeFirst team for executing with discipline. We look ahead to the second half with confidence.” Result PDF
Housing Finance company Home First Finance Company India announced Q1FY26 results AUM at Rs 13,479 crore; strong growth of 28.6% YoY and 6.0% QoQ. Total Income: Rs 455 crore compared to Rs 341 crore during Q1FY25, change 33.4%. Long Term croreedit Rating upgraded to AA ‘Stable’. PAT at Rs 119 crore – up 35.5% YoY and 13.6% QoQ. Successful QIP enhances Net worth by Rs 1,231 crore to Rs 3,855 crore. Manoj Viswanathan, MD & CEO said: “Q1FY26 saw consistent business delivery with Assets Under Management (AUM) growing to Rs 13,479 crore, registering a growth of a 28.6% YoY and 6.0% QoQ. The key highlight from the quarter was the successful QIP of Rs 1250 crore and a subsequent upgrade of our long-term credit rating to AA (Stable) by ICRA, IndRa and CARE. This capital infusion augments HomeFirst’s capital base and further strengthens our ability to expand our footprint, deepen customer engagement, and deliver sustained value to all stakeholders. Q1FY26 Disbursements, at Rs 1,243 crore, was in line with expectations for Q1. We continue to expand our distribution reach; we added 3 new physical branches during the quarter taking the total branch count to 158. As of Jun’25, we serve 142 districts in 13 States. We added net 75 employees during the quarter taking the total employee base to 1,709 as of Jun’25. Our asset quality continues to be strong with a focus on early delinquencies. 1+ DPD is at 5.4% (up by 90 bps on QoQ). 30+ DPD at 3.5% (up by 50 bps on QoQ). Gross Stage 3 (GNPA) is at 1.8% (up by 10 bps on QoQ). Our credit cost is at 40 bps (up by 10 bps on QoQ basis). We continue to maintain a credit cost guidance of 30 to 40 bps, ensuring disciplined risk management even as we scale. Technology remains central to our strategy. During the quarter we integrated DigiLocker into our document verification process, enabling secure access to government-issued documents directly from a customer's DigiLocker account, with their consent. Also, we have launched “Pulse” – an omni-channel conversational AI platform. It uses AI to seamlessly facilitate conversational business flows and actionable insights through advanced transcription and analytics. Pulse use-cases span from lead generation to customer service. Digital adoption continues to be strong and a key area of our focus as we grow. Account aggregator adoption has improved to 78% amongst new approvals. Digital fulfillment has reached 80%+ with the use of digital agreements and E-NACH mandates. 96% of our customers are registered on our app as on Jun’25 and 88% of Service requests being raised on the app. HomeFirst is committed towards sustainable and responsible lending. As part of our ESG efforts we have been promoting development of energy efficient “Green” homes. These houses consume less water and energy making them 20% more energy efficient. During the quarter, 70 additional new homes were certified under this initiative. As of Jun’25, a total of 190 Green Homes have been certified. Our ESG efforts are being acknowledged and appreciated by independent global agencies in form of high ESG scores; MorningStar Sustainalytics has reaffirmed our “Low-risk” ESG rating in the month of Jun’25. SES ESG Research has assigned a score of 80.8 in 2025 (vs. 78.9 in 2024) and CRISIL has assigned a score of 64 (up from 63 earlier) – implying “strong” rating. We remain committed towards building a large affordable housing finance franchise driven by our unique business model. Housing in India continues to be a multi-decade growth opportunity with HomeFirst well positioned to harness the same.” Result PDF
Housing Finance company Home First Finance Company India announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Assets Under Management: Rs 12,713 crore compared to Rs 9,698 crore during Mar'24. PAT: Rs 105 crore compared to Rs 83 crore during Q4FY24. Net worth: Rs 2,521 crore compared to Rs 2,121 crore during Q4FY24. Disbursement: Rs 1,273 crore compared to Rs 1,102 crore during Q4FY24. FY25 Financial Highlights: Total Income at Rs 1,539 crore; growth of 33.1% YoY. PPOP stands at Rs 530 crore; growth of 24.7% YoY. PAT at Rs 382 crore; up by 25.0% YoY. ROA is at 3.5%; down by 30 bps YoY. ROE at 16.5% increased by 100 bps YoY. Distribution: The Company has 155 branches (+22 from Mar’24) with presence in 13 States / UT. Total touchpoints increased to 361 (+40 from Mar’24). FY25 Disbursements: Disbursements of Rs 4,805 crore, growth of 21.2% on YoY basis. Asset under Management (AUM): Rs 12,713 crore, growth of 31.1% on YoY basis and 6.4% on QoQ basis. Focus on housing loans that contribute 84% of AUM. EWS / LIG category forms ~61% of the customer base. Asset Quality: Bounce rates range-bound. Apr’25 witnessed bounce rate of 16.2%. 1+ DPD is at 4.5% (decline of 30 bps on QoQ). 30+ DPD at 3.0% (decline of 10 bps on QoQ). Gross Stage 3 (GNPA) at 1.7%. Prior to RBI classification circular of Nov’21, it stands at 1.4%. Our credit cost is at 30bps for the quarter; 30bps for the FY25. Provisions: ECL provision as on Mar’25 is Rs 84 crore; resulting in total provision to loans outstanding ratio at 0.8%; and the GNPA to total provision coverage ratio (PCR) is at 46.6% as of Mar’25 vs 50.9% as of Mar’24. Borrowings: Total borrowings including debt securities are at Rs 9,551 crore as on Mar’25. The company continues to carry a liquidity of Rs. 2,468 crore as of Mar’25. Cost of borrowings at 8.4% (flat QoQ); 8.4% for FY25 (+30bps YoY). Capital Adequacy: Total CRAR at 32.8%. Tier I capital stands at 32.4% as on Mar’25. Networth as on Mar’25 is at Rs 2,521 crore vis-a-vis Rs 2,408 crore as on Dec’24. Manoj Viswanathan, MD & CEO, said: “We are pleased to report yet another year and a quarter of consistent performance, marked by strong growth, operational excellence, and precise execution. Our Assets Under Management (AUM) grew to Rs. 12,713 crore, registering a 31.1% YoY and 6.4% QoQ increase while delivering a PAT of Rs 382 crore with an ROE of 16.5% for FY2025. Asset quality remained stable with a GNPA of 1.7%. Disbursements grew notably this quarter, increasing by 6.7% QoQ. For FY25, disbursements were up 21.2% YoY to Rs 4,805 crore. For the year, Profit After Tax (PAT) rose by 25.0% YoY to Rs. 382 crore, and for this quarter PAT increased by 25.4% on a YoY basis to Rs 105 crore. We achieved an RoA and ROE of 3.5% and 17.0% for the quarter. Despite the continued rise in MCLRs of banks, we were able to leverage our strong balance sheet and well-diversified borrowing mix to maintain a competitive CoB (Ex-Co-lending) of 8.4% for FY25. We continue to scale our operations and grow our distribution in large affordable housing markets. During FY25, we further expanded our network, adding 40 touchpoints, including 22 branches – this added our reach to 10 more districts within our 13 states and union territory. As of Mar'25, our total touchpoints stand at 361, with 155 branches. As we expand our operations, we also added 385 employees during FY25, taking the total employee strength to 1,634. Most of these new additions were for our front-end teams to strengthen our customer reach. In April 2025, HomeFirst successfully raised Rs 1,250 crore by issuing 1.3 croreore of equity shares to Qualified Institutional Buyers via a Qualified Institutional Placement (QIP). This capital infusion will significantly bolster HomeFirst’s capital base. The overwhelming investor response highlights trust in our steady, quality-driven growth trajectory in the affordable housing finance sector. Our asset quality remains resilient, anchored by strong underwriting and early delinquency management: 1+ DPD is at 4.5% (decline of 30 bps on QoQ). 30+ DPD at 3.0% (decline of 10 bps on QoQ). Gross Stage 3 (GNPA) is at 1.7% (flat on QoQ). Prior to RBI classification circular of Nov’21, it stands at 1.4%. Our credit cost is at 30bps (flat on QoQ basis). We continue to maintain a conservative credit cost guidance of 30 to 40 bps, ensuring disciplined risk management even as we scale. As we remain focused towards sustainable finance, we expanded our Green Home initiative during the year with 120 Green Homes certifications as of Mar’25. Our ESG efforts are being acknowledged and appreciated by independent global agencies in form of high ESG scores – 46 by S&P; Global for 2024 and 16.2 by MorningStar Sustainalytics indicating “Low-risk”. Technology remains central to our strategy. Digital adoption continues to be strong and a key area of our focus as we grow. Account aggregator adoption has improved to 75% amongst new approvals. Digital fulfillment has reached ~80% with the use of digital agreements and E-NACH mandates. 96% of our customers are registered on our app as on Mar’25 and 88% of Service requests being raised on the app. The regulatory environment remains conducive with two consecutive rate cuts of 25 bps each by RBI and focus on improving liquidity, promoting growth and governance. We remain encouraged by the structural long-term growth drivers of the housing sector supported by overall economic growth momentum, improving socio-economic parameters, and rising middle-class. We believe that with our superior execution capability; we will continue to deliver strong growth balanced with stable asset quality and high profitability – delivering sustainable value creation for all our stakeholders.” Result PDF
