Home First Finance Company India Limited reported strong Q3 FY26 results, highlighted by a 24.9% year-over-year AUM growth reaching ₹14,925 crore. Disbursements hit a record ₹1,318 crore. Asset quality improved, with 1+ DPD down to 5.3%. The company anticipates achieving 25% AUM growth in FY27, driven by enhanced distribution and technology.
Key Financial Highlights
Home First Finance Company India Limited showcased robust financial performance for Q3 FY26:
- AUM grew by 24.9% year-over-year and 5.3% quarter-over-quarter, reaching ₹14,925 crore.
- Disbursements reached an all-time high of ₹1,318 crore, a 10.5% year-over-year increase.
- Total interest income stood at ₹429 crore, up 20.5% year-over-year.
- Profit After Tax (PAT) increased to ₹140 crore, up 44% year-over-year.
- Return on Assets (ROA) was 4% and Return on Equity (ROE) was 13.7%.
Asset Quality and Operational Metrics
The company maintained healthy asset quality and improved operational efficiency:
- 1+ DPD improved to 5.3%, a 20 bps quarter-over-quarter improvement.
- 30+ DPD remained flat at 3.7%.
- Net Interest Margin (NIM) increased to 6.0%.
- Cost to income ratio was 32%.
Strategic Developments
Home First Finance continues to focus on strategic initiatives to drive future growth:
- Opened two new branches in Q3 FY26.
- Successfully navigated tariff impacts in Gujarat.
- Stabilized team in Tamil Nadu, expecting a strong turnaround in FY27.
- Piloting AI initiatives to improve operational efficiency.
- Received certification for 70 additional green homes, totaling 310.
Guidance and Outlook
The company provided guidance for future performance:
- Anticipates achieving 25% AUM growth in FY27.
Source: BSE
