HomeFirst reported a strong Q2 FY26, highlighted by a 26.3% year-over-year growth in Assets Under Management (AUM) reaching ₹14,178 Cr. Profit After Tax (PAT) increased by 43.0% year-over-year to ₹132 Cr. The company continues to expand its distribution network, now with 366 touchpoints. Asset quality remains robust, with Gross Stage 3 at 1.9%.
Financial Performance Highlights
HomeFirst Finance Company India Limited announced its financial results for Q2 FY26, demonstrating substantial growth and improved profitability.
Key Metrics
Assets Under Management (AUM): Increased to ₹14,178 Cr, representing a 26.3% year-over-year growth and a 5.2% quarter-over-quarter increase.
Disbursement: Totaled ₹1,289 Cr, a 9.6% increase compared to the same quarter last year.
Total Income: Reached ₹479 Cr, up by 28.0% year-over-year.
Profit After Tax (PAT): Rose to ₹132 Cr, reflecting a strong 43.0% year-over-year growth and a 10.9% increase quarter-over-quarter.
Asset Quality
The company maintained healthy asset quality:
Gross Stage 3 (GNPA): Stood at 1.9%.
Operational Highlights
Distribution Network: Expanded to 366 touchpoints, reflecting a strategic focus on broadening market reach.
Management Commentary
According to Mr. Manoj Viswanathan, MD & CEO, Q2 FY26 demonstrated disciplined growth despite a subdued macro environment. AUM reached ₹14,178 crore, up 26.3% year-over-year. He also noted a proactive management helped lower borrowing costs by 30 bps quarter-over-quarter, supporting a spread of 5.3%.
Key Ratios and Figures
Spread: 5.3%
ROA: 3.8%
Cost to Income: 32.0%
Source: BSE