Home First Finance Company India Limited reported a robust performance for the second quarter of FY27, with profit after tax growing by 29.1% year-on-year to Rs. 170 crore. Assets Under Management (AUM) saw a healthy increase of 27% year-on-year, reaching Rs. 18,010 crore. The company also highlighted improved operating efficiency and stable asset quality metrics during the quarter.
Strong Financial Performance in Q2 FY27
Home First Finance Company India Limited announced its financial results for the second quarter of FY27, showcasing significant growth across key parameters. The company’s profit after tax surged by 29.1% year-on-year, reaching Rs. 170 crore. This strong profitability was supported by a 31.9% growth in net interest income and improved operating efficiency.
AUM and Disbursements Expand
Assets Under Management (AUM) for the quarter stood at Rs. 18,010 crore, marking a 27% increase compared to the previous year and a 6.3% rise sequentially. Quarterly disbursements also showed robust growth, with Rs. 1,705 crore recorded, an increase of 32.2% year-on-year and 4.7% sequentially. The company noted that individual housing loans constituted 84% of its portfolio.
Asset Quality and Efficiency
The company maintained a strong focus on asset quality, with early delinquency indicators remaining stable. Gross Stage 3 assets improved by 10 basis points sequentially to 1.7%. Credit cost for the quarter was contained at 40 basis points. Operating efficiency also improved, with the cost-to-income ratio decreasing to 30.8% from 32.7% in the preceding quarter.
Capital Adequacy and Future Outlook
Home First Finance’s capital position remains strong, with capital to risk-weighted assets at 39.8%. The company expressed its commitment to sustained portfolio growth and earnings, focusing on disciplined underwriting and collection. The outlook remains positive, with plans to continue expanding the franchise and delivering risk-calibrated growth.
Source: BSE
