Home First Finance Company India LimitedQ1 FY27 Results & Financial Update
Home First Finance Company India Limited: Q1 FY27 standalone results and company financials – revenue ₹538.01 Cr, PAT ₹159.85 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Home First Finance Company India Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Home First Finance Company India Limited delivered a strong operational and financial performance in the first quarter of fiscal year 2027, propelled by resilient customer demand in the affordable housing segment. Total income reached ₹539.841 crore (reported as ₹540 crore in operational presentations), while profit after tax expanded to ₹159.851 crore (reported as ₹160 crore). s, PAT registered a year-on-year growth of 34.5% and a sequential increase of 7.0%.
Assets under management (AUM) scaled to ₹16,938 crore as of June 30, 2026, marking a 25.7% year-on-year increase and a 6.7% sequential expansion over the March 2026 quarter. Growth was supported by record quarterly disbursements of ₹1,628 crore, representing a 31.0% year-on-year rise and a 3.6% sequential uptick. Management attributed this momentum to broad-based demand across geographies and distribution channels.
Asset quality metrics remained resilient and stable during the quarter despite aggressive portfolio expansion. Gross Stage 3 (GNPA) was maintained at 1.8%, unchanged compared to the preceding quarter ended March 2026 and the year-ago period. Early delinquency indicators also held steady, with 1+ days past due (DPD) at 4.7% and 30+ DPD at 3.2%. Credit costs remained well-contained at 40 basis points for the quarter, reflecting disciplined underwriting standards and active collection mechanisms.
The company's liability profile benefited from proactive management and optimized funding costs. Total borrowings, including debt securities, reached ₹10,818 crore at the close of June 2026, backed by a liquidity buffer of ₹2,272 crore. The cost of borrowings improved sequentially by 10 basis points to 7.8%, while the ex-co-lending spread on loans stood at 5.3%, representing a 20 basis point improvement year-on-year.
Capital adequacy remained robust, providing ample headroom for future expansion. Total CRAR stood at 42.6% as of June 30, 2026, with Tier I capital at 42.2%. Net worth expanded to ₹4,483 crore compared to ₹4,357 crore in March 2026 and ₹3,855 crore in June 2025. Return on Assets (ROA) reached 4.2%, improving by 50 basis points year-on-year and 10 basis points quarter-on-quarter.
01 · Business model
What does Home First Finance Company India do?
Home First Finance Company India Limited is a technology-driven housing finance institution focused primarily on first-time home buyers belonging to low- and middle-income segments. Its core product offering consists of housing loans for property purchase or construction.
The company operates through a granular retail distribution model, maintaining a physical network of 175 branches and 373 touchpoints spanning 13 states and union territories in India. Geographic concentration includes urban and emerging regions across Gujarat, Maharashtra, Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu, alongside expanding footprints in Uttar Pradesh, Uttarakhand, Madhya Pradesh, Rajasthan, Chhattisgarh, Haryana, and the National Capital Region.
Business generation relies on diversified lead-generation channels supported by a broad network of connectors and digital origination capabilities. The lender specializes in retail mortgages, with the economically weaker section (EWS) and lower-income group (LIG) categories constituting approximately 58% of its assets under management.
02 · Historical context
What shaped the business before this quarter
The company expanded its geographical footprint over prior periods to reach 175 branches across 13 states and union territories as of June 2026, adding 17 branches since June 2025.
Assets under management grew from ₹13,479 crore as of June 2025 and ₹15,878 crore as of March 2026 to ₹16,938 crore by the end of Q1 FY27.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Total income | ₹539.84 Cr |
| Interest income | ₹461.97 Cr |
| Other income | ₹1.83 Cr |
| Profit before tax | ₹207.64 Cr |
| Profit after tax | ₹159.85 Cr |
| EPS | ₹15.19 |
04 · Earnings & margin drivers
What drove earnings and margins
What drove net interest income and earnings
Interest income for the quarter reached ₹4,619.67 million, up from ₹3,943.79 million in Q1 FY25, driven by continuous expansion in the underlying loan portfolio.
Fees and commission income contributed ₹234.21 million during the quarter, compared to ₹192.55 million in the corresponding quarter of the previous year.
Net gain on derecognition of financial instruments under the amortised cost category contributed ₹364.86 million, while net gain on fair value changes stood at ₹141.14 million.
NIM, spread, funding cost and credit cost
Cost of borrowings improved by 10 basis points sequentially to 7.8%, supporting net interest margins and profitability.
Ex-co-lending spread on loans stood at 5.3% in Q1 FY27, reflecting a 20 basis point improvement year-on-year and stability on a quarter-on-quarter basis.
Cost-to-income ratio improved by 150 basis points year-on-year to 32.7%, supported by improving operating leverage despite ongoing investments in branch expansion and workforce additions.
05 · Loan growth, sanctions & disbursements
How the lending book is moving
Disbursements reached a record ₹1,628 crore during Q1 FY27, representing a 31.0% year-on-year increase and 3.6% sequential growth.
Co-lending arrangements (CLAs) operated with 5 partners, covering 4,072 outstanding cases with a gross outstanding amount of ₹1,579.67 million and a weighted average interest rate of 5.96%.
06 · Portfolio mix & lending exposure
Where the loan book is concentrated
Segments and products
Housing loans continued to form the core of the business, accounting for 83% of total assets under management.
Geography and market mix
The company added 4 new branches during the quarter, taking total branch count to 175 across 13 states and union territories, while total touchpoints remained at 373.
07 · Asset quality & capital strength
How credit quality and balance-sheet capacity changed
Asset quality, stages and credit risk
Gross Stage 3 (GNPA) ratio remained stable at 1.8% as of June 30, 2026, unchanged sequentially and year-on-year. Net Stage 3 ratio stood at 1.4%.
Early-bucket delinquency indicators held steady, with 1+ DPD at 4.7% and 30+ DPD at 3.2%. Bounce rates remained range-bound, with July 2026 bounce rate recorded at 15.2%.
Capital adequacy, net worth and balance-sheet capacity
Total CRAR stood at 42.6% with Tier I capital at 42.2% as of June 30, 2026. Net worth expanded to ₹4,483 crore, compared to ₹4,357 crore as of March 2026.
08 · Strategy & portfolio evolution
How the lending mix and strategic agenda are changing
The company certified an additional 100 homes under its Green Homes initiative during the quarter, bringing the cumulative number of certified homes to 550 as of June 2026.
09 · Reported developments
What changed operationally
Achieved record quarterly disbursements of ₹1,628 crore, up 31% year-on-year.
Profit after tax grew by 34.5% year-on-year to ₹160 crore, supported by robust net total income expansion and operating leverage.
10 · Items worth noticing
The line items that can distort a quick read
Expected Credit Loss (ECL) provisions stood at ₹113 crore as of June 2026, resulting in a total provision to loans outstanding ratio of 0.8% and a total provision coverage ratio (PCR) of 45.3%.
11 · Funding & balance sheet
How funding, liquidity and capital support the loan book
Capital allocation & funding
Total borrowings including debt securities stood at ₹10,818 crore as of June 30, 2026, supported by a liquidity buffer of ₹2,272 crore.
12 · Management guidance & targets
What management is targeting from here
Management expressed confidence in delivering approximately 25% AUM growth while sustaining focus on profitability, portfolio quality, and operating efficiency.
13 · Beyond the numbers
What changed beyond the numbers
Reported update
Workforce Expansion
The company added 133 net employees during the quarter, predominantly in customer-facing roles, bringing total employee strength to 1,988.
14 · Previous-quarter changes
What changed since the previous quarter
Added 4 new branches during Q1 FY27, building on the 171 branches recorded at the end of March 2026.
15 · Key Q&A
The quarter, answered directly
What does Home First Finance Company India do?
Home First Finance Company India Limited is a technology-driven housing finance institution focused primarily on first-time home buyers belonging to low- and middle-income segments. Its core product offering consists of housing loans for property purchase or construction.
What is the clearest takeaway from Q1 FY27?
Home First Finance Company India Limited delivered a strong operational and financial performance in the first quarter of fiscal year 2027, propelled by resilient customer demand in the affordable housing segment. Total income reached ₹539.841 crore (reported as ₹540 crore in operational presentations), while profit after tax expanded to ₹159.851 crore (reported as ₹160 crore). s, PAT registered a year-on-year growth of 34.5% and a sequential increase of 7.0%.
What drove earnings or loan-book movement?
Interest income for the quarter reached ₹4,619.67 million, up from ₹3,943.79 million in Q1 FY25, driven by continuous expansion in the underlying loan portfolio.
What mattered most for margins, funding or credit cost?
Cost of borrowings improved by 10 basis points sequentially to 7.8%, supporting net interest margins and profitability.
What changed operationally beyond the headline numbers?
Gross Stage 3 (GNPA) ratio remained stable at 1.8% as of June 30, 2026, unchanged sequentially and year-on-year. Net Stage 3 ratio stood at 1.4%.
What is management guiding or targeting from here?
Management expressed confidence in delivering approximately 25% AUM growth while sustaining focus on profitability, portfolio quality, and operating efficiency.
16 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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17 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
AUM Growth Trajectory: Monitor whether the company sustains its targeted ~25% annual AUM growth rate across upcoming quarters.
- 02
Asset Quality Stability: Track Gross Stage 3 and early-bucket delinquency ratios (1+ DPD and 30+ DPD) to verify continued portfolio health.
- 03
Borrowing Cost Trends: Observe future movements in cost of borrowings and ex-co-lending spreads against competitive lending rate pressures.
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