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Revenue
₹505 Cr
verification pending
Revenue YoY
21.3%
reported change
EBITDA
Pending
latest reported figure
Source
bse pending
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Home First Finance delivered a strong Q4 FY26 with record disbursements of ₹1,572 crore (+23.5% YoY) and PAT of ₹149 crore (+42.7% YoY). AUM grew 24.9% YoY to ₹15,878 crore, driven by improved distribution, rebuilt teams, and strong momentum in Mumbai/Pune. Asset quality improved notably: 30+ DPD fell to 3.2% (down 50bps QoQ) and GNPA to 1.8%. Management guided for ~25% AUM growth in FY27, with credit costs maintained at 30-40bps. Spread guidance remains 5-5.25%. Key risk: potential demand disruption from the Middle East conflict, though no impact seen yet.
Colored figures show movement against the previous available record.
Guidance to track
- Management guided for approximately 25% year-on-year AUM growth in FY27, driven by strong exit momentum and rebuilt distribution.
- Management reiterated its guided range for portfolio spread at 5% to 5.25%, with confidence in maintaining above 5%.
- Credit cost for FY27 is expected to remain in the 30-40 basis points range, consistent with FY26.
- Management expects the operating cost to assets ratio to remain broadly rangebound within 2.6% to 2.7% as they continue to invest for growth.
Risks flagged
- Management stated no visible impact yet, but the ongoing war in the Middle East could affect customer down payment capabilities and demand.
- Co-lending was low in Q4 due to regulatory guideline changes; management expects resolution by June 2026, but any delay could impact growth.
- Analyst noted that larger HFCs losing prime loans to banks may target Home First's customer segments, though management sees no significant change yet.
Key quotes
- What is important to us is not any one of these metrics in isolation but the fact that all of them moved in the right direction together.
- Our AI strategy is anchored in three outcomes: elevating customer experience, enhancing employee productivity, and driving structural cost efficiencies.
- We are not targeting a prime book. The prime customer would seek a rate between 7.25 to 8% today. That is not the customer we are targeting.
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