Home First India (HOMEFIRST) Q3 25/26 earnings summary

Executive summary

• Achieved strong business momentum in Q3 FY26 with robust profitability and stable asset quality, supported by record disbursements, network expansion, and high digital adoption.

• AUM grew 24.9% year-over-year to ₹149,249 million, with disbursements reaching ₹13,184 million, up 10.5% YoY.

• Profit after tax rose 44% YoY to ₹1,402 million, with net total income up 34.8% YoY to ₹2,903 million.

• Management reaffirmed leadership continuity and addressed rumors about potential changes; Chief Compliance Officer reappointed.

• Statutory auditors issued a limited review report with an unmodified conclusion.

Financial highlights

• Total income for Q3 FY26 was ₹4,836.75 million, up from ₹4,059.47 million in Q3 FY25; net interest income for Q3FY26 was ₹2,122 million, up 49% YoY.

• Net interest margin improved to 6% from 5.4% in the previous quarter.

• Profit after tax for Q3 FY26 was ₹1,402 million, up 44% YoY; ROA at 4%, ROE at 13.7%.

• Excluding one-time gratuity provision, earnings growth was 46.6% YoY and 8.3% QoQ.

• Collection efficiency remained high at 97–98% throughout the quarter.

Outlook and guidance

• Targeting 25% AUM growth for FY26 and FY27, with confidence in improved disbursal and asset quality.

• Guidance for 20%-23% AUM growth annually to reach ₹350,000 million by 2030.

• Company continues to focus on affordable housing finance and monitors regulatory changes, including new labour codes.