AUM
₹15,878 crore
+24.9% YoY
Assets under management grew to ₹15,878 crore as of March 2026.
HOMEFIRSTFINANCEINDIA
Financial Services
30 Apr 2026
Home First Finance Company India Ltd — Q4 FY26
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).
Financial stats pending filing verification
2-Minute Summary
✦ AI-Generated from Full Transcript
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.
Key Numbers
Disbursements (Q4)
₹1,572 crore
+23.5% YoY
Highest ever quarterly disbursements, up 23.5% YoY and 19.3% QoQ.
30+ DPD
3.2%
-50bps QoQ
Early delinquency improved 50 basis points sequentially to 3.2%.
Co-lending disbursements (FY26)
₹370 crore
+142% YoY
Co-lending disbursements doubled from ₹153 crore in FY25 to ₹370 crore in FY26.
Management Guidance
AUM growth of ~25% YoY in FY27
Management guided for approximately 25% year-on-year AUM growth in FY27, driven by strong exit momentum and rebuilt distribution.
Management guidance growthSpread guidance of 5% to 5.25%
Management reiterated its guided range for portfolio spread at 5% to 5.25%, with confidence in maintaining above 5%.
Management guidance marginsCredit cost guidance of 30-40 bps
Credit cost for FY27 is expected to remain in the 30-40 basis points range, consistent with FY26.
Management guidance marginsOperating cost to assets ratio of 2.6-2.7%
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.
Management guidance marginsKey Risks
Middle East conflict impact on demand
Management stated no visible impact yet, but the ongoing war in the Middle East could affect customer down payment capabilities and demand.
medium · analyst_questionCo-lending regulatory issues
Co-lending was low in Q4 due to regulatory guideline changes; management expects resolution by June 2026, but any delay could impact growth.
medium · analyst_questionCompetition from larger HFCs targeting affordable segment
Analyst noted that larger HFCs losing prime loans to banks may target Home First's customer segments, though management sees no significant change yet.
low · analyst_questionNotable 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.
Frequently Asked Questions
What was Home First Finance's revenue in Q4 FY26?
Home First Finance reported revenue of ₹505 Cr in Q4 FY26, representing a +21.3% change compared to the same quarter last year.
What guidance did Home First Finance management give for FY27?
AUM growth of ~25% YoY in FY27: Management guided for approximately 25% year-on-year AUM growth in FY27, driven by strong exit momentum and rebuilt distribution. Spread guidance of 5% to 5.25%: Management reiterated its guided range for portfolio spread at 5% to 5.25%, with confidence in maintaining above 5%. Credit cost guidance of 30-40 bps: Credit cost for FY27 is expected to remain in the 30-40 basis points range, consistent with FY26. Operating cost to assets ratio of 2.6-2.7%: 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.
What are the key risks for Home First Finance in FY27?
Key risks include Middle East conflict impact on demand — Management stated no visible impact yet, but the ongoing war in the Middle East could affect customer down payment capabilities and demand.; Co-lending regulatory issues — Co-lending was low in Q4 due to regulatory guideline changes; management expects resolution by June 2026, but any delay could impact growth.; Competition from larger HFCs targeting affordable segment — Analyst noted that larger HFCs losing prime loans to banks may target Home First's customer segments, though management sees no significant change yet..
Did Home First Finance meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Home First Finance Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary with filing verification status shown on the financial stats.