HomeFirst announced its Q2 FY26 results, demonstrating consistent growth and steady execution. AUM reached INR 14,178 crore, up 26.3% year-over-year. The company continued to expand its presence with a 163-branch network across 143 districts. PAT came in at INR 132 crore, up 43.0% YoY. Asset quality remains healthy, with Gross Stage 3 at 1.9%.
Key Financial Highlights
HomeFirst Finance Company India Ltd. reported robust financial results for the second quarter of fiscal year 2026. Key performance indicators include:
- Assets Under Management (AUM): Increased to INR 14,178 crore, a 26.3% year-over-year increase and 5.2% quarter-over-quarter.
- Disbursement: Reached INR 12,894 Mn
- Gross Stage 3 / POS (GNPA): Maintained at 1.9%
- Profit After Tax (PAT): Achieved INR 1,318 Mn, reflecting a 43.0% year-over-year increase.
Operational Performance
The company expanded its reach, operating through a network of 163 branches across 143 districts in 13 states. Technology adoption remained a key focus, with account aggregator penetration reaching 83% of new approvals. In addition, 96% of the company’s customers are now app-registered.
Asset Quality and Liabilities Management
HomeFirst highlighted the following details regarding asset quality:
- 1+ DPD: 5.5%
- 30+ DPD: 3.7%
- Gross Stage 3 (GNPA): 1.9%
Proactive management of liabilities helped lower the cost of borrowings by 30 bps quarter-over-quarter.
Commitment to Sustainability
HomeFirst is committed to responsible growth and certified an additional 50 homes under its Green Homes initiative, bringing the cumulative count to 240. Morningstar Sustainalytics reaffirmed HomeFirst’s ‘Low ESG Risk’ category with an improved score of 13.6.
Source: BSE