India · Delayed Price · Currency is INR Home First Finance Company India Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 delivered strong growth with AUM up 24.9% YoY, record Q4 disbursements, and PAT up 41.4%. Asset quality improved, NIM remained robust, and the company targets 25% AUM growth for FY 2027, supported by technology, branch expansion, and stable credit costs.
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Q3 FY26 delivered strong AUM and profit growth, with stable asset quality and improved early delinquencies. Guidance for 25% AUM growth is maintained, supported by robust technology adoption, diversified funding, and branch expansion, though Tamil Nadu remains a stress point.
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AUM grew 26.3% year-over-year with strong income and profit growth, while asset quality remains stable despite localized stress in certain industries and geographies. Management expects credit costs to remain at 40 bps and AUM growth above 25%, with further improvements in cost of borrowing and NIMs anticipated.
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AUM grew 28.6% year-over-year to INR 13,479 crore, with total income up 33.4% and PAT up 35.5%. Asset quality saw a seasonal uptick, but improvement is expected in coming quarters. Capital adequacy and digital adoption remain strong, supporting growth ambitions.
Fiscal Year 2025
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Strong FY 2025 performance with 31% AUM growth, 25% PAT increase, and robust asset quality. Capital raise via QIP strengthens expansion plans, while spreads and margins are expected to remain stable amid supportive market and regulatory conditions.
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AUM grew over 30% and profit after tax rose 24% YoY in Q3 FY25, with stable asset quality and ROE at 16.6%. The board approved an equity raise of up to INR 1,250 crore to support growth, while disbursements and branch expansion continue to drive scale.
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Q2 FY25 saw record disbursements, 34% AUM growth, and stable asset quality, with strong expansion in key states and robust technology adoption. Fee income rose on new insurance partnerships, and management remains confident in sustaining 30% AUM growth.
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AUM grew 34.8% year-over-year to INR 10,478 crore, with disbursements up 29.9% and PAT rising 27%. Asset quality remains strong, spreads are stable, and a 35 bps PLR hike is set for August. Co-lending and new market expansion support continued 30%+ growth outlook.