Home First India (HOMEFIRST) Q1 25/26 earnings summary

Executive summary

• Raised INR 1,250 crore via first QIP, significantly strengthening net worth and capital base; board approved reviewed Q1 FY26 results with unmodified auditor conclusion.

• AUM reached INR 13,479 crore (₹134,787 Mn), up 28.6% year-over-year and 6% quarter-on-quarter.

• Disbursements for the quarter were INR 1,243 crore (₹12,435 Mn), the second highest in company history, up 7% year-over-year.

• PAT for Q1FY26 stood at INR 119 crore (₹1,189 Mn), with ROA at 3.7% and ROE at 14.9%.

• Expanded distribution with three new branches and 75 employees, now serving 158 branches and 1,709 employees across 142 districts in 13 states.

Financial highlights

• Total income for Q1 FY26 was INR 455 crore (₹4,552.7 Mn), up 33.4% year-over-year and 9.4% quarter-on-quarter.

• Net interest margin rose to 5.2% from 5.1% in the previous quarter.

• Profit after tax for Q1 FY26 reached INR 119 crore (₹1,188.91 Mn), up 35.5% year-over-year and 13.6% quarter-on-quarter.

• Book value per share as of June 2025 is INR 373.

• CRAR stood at 49.6% as of Q1FY26.

Outlook and guidance

• Disbursement guidance for FY2026 remains INR 5,600-5,800 crore.

• Credit cost guidance maintained at 30–40 bps, with disciplined risk management as the company scales.

• Continued focus on expanding footprint and digital adoption, with 80%+ digital fulfillment and 96% customer app registration.

• ROE target of 15% in the next five to six quarters, with ROA approaching 4%.

• Expecting a rebound in Tamil Nadu and Telangana in the coming quarters.