Home First Finance Company India Limited , a technology-driven affordable housing finance company, has reported strong financial results for the second quarter of fiscal year 2026, demonstrating significant growth across key metrics.

Impressive Growth in Assets Under Management

The company's Assets Under Management (AUM) reached ₹141,781.00 million as of September 30, 2025, marking a substantial year-on-year growth of 26.3% and a quarter-on-quarter increase of 5.2%. This growth underscores Home First's expanding market presence and effective business strategies in the affordable housing finance sector.

Robust Financial Performance

Home First Finance reported a notable increase in its Profit After Tax (PAT), which rose to ₹1,318.00 million in Q2 FY26, representing a significant 43% year-on-year growth and a 10.9% increase quarter-on-quarter. This impressive profit growth reflects the company's operational efficiency and strong market position.

Key Financial Highlights

Stable Asset Quality

Despite the rapid growth, Home First has maintained a healthy asset quality. The Gross Stage 3 assets (GNPA) stood at 1.9% of the portfolio, indicating effective risk management practices.

Operational Expansion

The company continued to expand its physical presence, operating through 163 branches across 143 districts in 13 states and union territories. This strategic expansion has contributed to its growing customer base and market penetration.

Technology-Driven Approach

Home First's commitment to digital transformation is evident in its high digital adoption rates. The company reported that 96% of its customers are registered on the HomeFirst Customer Portal App, with 87% of service requests being raised through the app. This digital-first approach has likely contributed to operational efficiency and improved customer experience.

Management Commentary

Manoj Viswanathan, Managing Director and CEO of Home First Finance, commented on the results: "Q2 FY26 was another quarter of disciplined growth and steady execution, with our AUM reaching ₹14,178 crore. We continued to deepen our presence with a 163-branch network across 143 districts in 13 states. Our asset quality remains healthy and within our comfort bands, with a credit cost at ~40 bps."

Future Outlook

Looking ahead, the company remains optimistic about its business momentum, citing an improving macro environment, easing interest rate cycle, benign inflation trajectory, and proactive government and regulatory measures as key factors supporting growth.

Home First Finance's Q2 FY26 results demonstrate its ability to achieve strong growth while maintaining asset quality and leveraging technology for operational efficiency. The company's focus on the affordable housing segment, coupled with its expanding geographical presence, positions it well for continued growth in the coming quarters.

Note: All financial figures are in Indian Rupees (₹) unless otherwise stated.

Home First Finance Company India Limited (HomeFirst), a technology-driven affordable housing finance company, has announced its financial results for the second quarter of fiscal year 2026, showcasing robust growth and improved profitability.

Financial Highlights

HomeFirst reported a significant increase in its Profit After Tax (PAT) for Q2 FY26, which rose by 43% year-on-year to Rs. 1,318.47 million, compared to Rs. 922.25 million in the same quarter of the previous year. The company's performance also showed improvement on a sequential basis, with PAT growing by 10.9% from Q1 FY26.

Key financial metrics for Q2 FY26 include:

The company's Asset Under Management (AUM) reached Rs. 141,781.00 million, demonstrating a strong year-on-year growth of 26.3% and a quarter-on-quarter increase of 5.2%.

Operational Performance

HomeFirst continued to expand its presence, operating through 163 branches across 143 districts in 13 states and union territories. The company's focus on digital processes has yielded positive results, with 91% of loans approved within 48 hours during Q2 FY26.

Asset Quality

The company maintained a stable asset quality profile:

• Gross Stage 3 assets stood at 1.9% of the portfolio, showing a slight increase from 1.8% in the previous quarter.
• The 1+ Days Past Due (DPD) was reported at 5.5%, up by 10 basis points quarter-on-quarter.

Management Commentary

Manoj Viswanathan, MD & CEO of HomeFirst, commented on the results: "Q2 FY26 was another quarter of disciplined growth and steady execution, with the backdrop of a subdued macro environment marked by prolonged monsoons and tariff hikes. Our AUM reached INR 14,178 crore, up 26.3% y-o-y and 5.2% q-o-q."

He further added, "Profitability was robust: PAT came in at INR 132 crore, up 43.0% YoY and 10.9% QoQ, delivering a RoA of 3.8%. Reported ROE was 13.4% post our recent equity raise; on a pre-money adjusted basis, ROE stands at 16.7% - a better reflection of underlying earnings power."

Recent Developments

The company announced leadership changes, including:

1. Mr. Shreyans Bachhawat has been assigned additional responsibility as Head-Legal, effective October 1, 2025, in addition to his current roles as Company Secretary and Compliance Officer.

2. Ms. Vilasini Subramaniam, Head-Strategic Alliances, has resigned from her position effective November 14, 2025, citing personal reasons.

HomeFirst's continued focus on technology-driven operations and expansion in the affordable housing segment has contributed to its strong performance in Q2 FY26, positioning the company for sustained growth in the coming quarters.