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% and PAT up 41.4% year-over-year, supported by record Q4 disbursements, improved asset quality, and robust margins. Outlook for FY 2027 targets 25% AUM growth, stable spreads, and continued investment in technology and distribution.
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Q3 FY26 saw strong AUM and disbursement growth, improved profitability, and stable asset quality, with digital adoption and branch expansion supporting momentum. Asset quality challenges in Tamil Nadu persist, but overall guidance remains at 25% AUM growth for FY26 and FY27.
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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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AUM grew 31% year-over-year to INR 12,713 crore, with PAT at INR 382 crore and ROE at 16.5%. Disbursements rose 21%, and a successful INR 1,250 crore QIP strengthened capital. Asset quality and spreads remain robust, with guidance for continued strong growth and stable margins.
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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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AUM grew 34.2% YoY to INR 11,229 crore with record disbursements and strong asset quality. Profit after tax rose 24% YoY, ROE reached 16.5%, and credit costs remained low. Expansion in key states and digital adoption underpin a 30%+ AUM growth outlook.
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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.