Home First Finance Company India Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Home First Finance Company India Ltd filed with BSE on 04 Aug 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Home First Finance reported AUM of Rs 16,938 crore as of June 2026, up 25.7% year-on-year, with profit after tax rising 34.5% year-on-year to Rs 160 crore. Management said asset quality remained stable with 1+ DPD flat at 4.7% and Gross Stage 3 flat at 1.8%, while net interest margin improved to 6.0% from 5.9% in the prior quarter. The company disclosed that CFO Nutan Gaba Patwari will step down from her executive responsibilities effective August 31, 2026, with the Board evaluating candidates for the role.
1 statement from this call is not shown because its supporting quote could not be reproduced within our quoting limits. Nothing shown here is affected: every statement on this page carries its verified quote.
Numbers mentioned
AUM: INR16,938 crore (Q1 FY27)
p. 3
“AUM stood at INR16,938 crore as of Jun'26, growing 25.7% year-on-year and 6.7% sequentially.”
Manoj Viswanathan, page 3 of the filed PDF · View the filing
Disbursement: INR1,628 crore (Q1 FY27)
p. 3
“Disbursement at INR1,628 crore is up 31.0% year-on-year and 3.6% sequentially.”
Manoj Viswanathan, page 3 of the filed PDF · View the filing
Profit after tax: INR160 crore (Q1 FY27)
p. 3
“Profit after tax increased by 7.0% sequentially and 34.5% year-on-year to INR160 crore, supported by 38.2% growth in Net Interest Income.”
Manoj Viswanathan, page 3 of the filed PDF · View the filing
Return on Assets: 4.2% (Q1 FY27)
p. 3
“Return on Assets improved by 10 basis points sequentially to 4.2%, while Return on Equity improved by 50 basis points to 14.5%.”
Manoj Viswanathan, page 3 of the filed PDF · View the filing
Total income: INR540 crore (Q1 FY27)
p. 5
“Total income for the quarter was INR540 crore, up by 18.6% on a year-on-year basis and 7% sequentially.”
Nutan Patwari, page 5 of the filed PDF · View the filing
Cost of borrowing: 7.8% (Q1 FY27)
p. 5
“On the liability side, proactive management of our borrowing mix led to a further 10 basis point sequential reduction, bringing cost of borrowing down to 7.8%.”
Nutan Patwari, page 5 of the filed PDF · View the filing
Net interest margin: 6.0% (Q1 FY27)
p. 5
“Net interest margin was 6.0%, up from 5.9% in the previous quarter.”
Nutan Patwari, page 5 of the filed PDF · View the filing
Cost to income: 32.7% (Q1 FY27)
p. 5
“Cost to income was at 32.7%, an increase of 70 basis points sequentially.”
Nutan Patwari, page 5 of the filed PDF · View the filing
Pre-provision operating profit: INR224 crore (Q1 FY27)
p. 5
“Pre-provision operating profit was INR224 crore, up 32.9% year-on-year.”
Nutan Patwari, page 5 of the filed PDF · View the filing
Credit cost: 40 basis points (Q1 FY27)
p. 5
“Credit cost for Q1 was 40 basis points.”
Nutan Patwari, page 5 of the filed PDF · View the filing
Provision coverage on Stage 3 assets: 23.4% (Jun'26)
p. 5
“Provision coverage on Stage 3 assets was 23.4% as of Jun'26 compared to 23.9% in Q4FY26.”
Nutan Patwari, page 5 of the filed PDF · View the filing
Capital adequacy ratio: 42.6% (Jun'26)
p. 6
“As of Jun'26, our capital adequacy ratio was 42.6% with Tier 1 at 42.2%.”
Nutan Patwari, page 6 of the filed PDF · View the filing
Net worth: INR4,483 crore (Jun'26)
p. 6
“Net worth stood at INR4,483 crore, and Book Value per Share (BVPS) was INR429 as of Jun'26.”
Nutan Patwari, page 6 of the filed PDF · View the filing
Co-lending book: INR617 crore (Jun'26)
p. 6
“Co-lending disbursements were INR46 crore, taking co-lending book to INR617 crore, 3.6% of the AUM.”
Nutan Patwari, page 6 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
AUM growth — 25% · FY27
stated firmly by Manoj Viswanathan
p. 4
“We remain confident of delivering 25% AUM growth while maintaining our focus on profitability, portfolio quality and operating efficiency.”
Manoj Viswanathan, page 4 of the filed PDF · View the filing
Operating cost to assets — 2.6%, 2.7%
stated conditionally by Nutan Patwari
p. 5
“As we continue to invest for growth, we expect this ratio to broadly remain range bound within 2.6%, 2.7%.”
Nutan Patwari, page 5 of the filed PDF · View the filing
Spread — 5% to 5.25%
stated firmly by Manoj Viswanathan
p. 7
“We are committed to maintaining that 5% to 5.25% basis points spread.”
Manoj Viswanathan, page 7 of the filed PDF · View the filing
BT out rate — 5%
stated conditionally by Manoj Viswanathan
p. 8
“But definitely, we have got traction on this process. We should be able to kind of control it in 5% ballpark range.”
Manoj Viswanathan, page 8 of the filed PDF · View the filing
Opex to AUM — 2.6% to 2.7% · full year
stated conditionally by Manoj Viswanathan
p. 9
“I think full year guidance would be in the region of 2.6% to 2.7%.”
Manoj Viswanathan, page 9 of the filed PDF · View the filing
Repayment rate — 16% to 17%
stated as an aspiration by Manoj Viswanathan
p. 18
“But otherwise, we generally assume 16% to 17% in our calculations.”
Manoj Viswanathan, page 18 of the filed PDF · View the filing
Geographic expansion — UP, Tamil Nadu, Andhra, Telangana · next 1 to 3 years
stated as an aspiration by Manoj Viswanathan
p. 18
“That will be one of the states to look out for in the medium term. Medium term is in the next 1 to 3 years.”
Manoj Viswanathan, page 18 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management confirmed home loan origination and disbursal have been higher, driving the shift
Answered by Manoj Viswanathan
Asked by Kunal Shah: Whether growth has shifted more toward home loans versus LAP
p. 6
“Yes, origination of home loans has been higher and disbursal has also been higher. So yes, there has been a slight shift towards more home loans in this quarter.”
Manoj Viswanathan, page 6 of the filed PDF · View the filing
Management said there was no one-off and the company operates a floating rate book, adjusting pricing as costs move
Answered by Manoj Viswanathan
Asked by Renish: Whether the 7.6% incremental cost of borrowing is sustainable
p. 7
“No, there is no one-off, but the cost of borrowing has come down to some extent in the last couple of quarters.”
Manoj Viswanathan, page 7 of the filed PDF · View the filing
Management said a cut is unlikely given ongoing global uncertainty
Answered by Manoj Viswanathan
Asked by Renish: Whether a PLR cut is expected in the next couple of months
p. 8
“PLR cut is unlikely, I think, at this point because the whole West Asia crisis, etc, is still uncertain.”
Manoj Viswanathan, page 8 of the filed PDF · View the filing
Management guided to 2.6% to 2.7% with modest year-on-year improvement
Answered by Manoj Viswanathan
Asked by Nidhesh Jain: Guidance for opex to AUM for the full year
p. 9
“But again, there, we should expect year-on-year 5 to 10 basis point reduction. I think full year guidance would be in the region of 2.6% to 2.7%.”
Manoj Viswanathan, page 9 of the filed PDF · View the filing
Management said growth was roughly split 50-50 between higher unit volumes and higher ticket sizes
Answered by Manoj Viswanathan
Asked by Rajiv Mehta: Whether disbursement growth is driven by volume or ticket size migration
p. 9
“There is 50% of the growth is coming from increase in units and 50% is coming from ticket size.”
Manoj Viswanathan, page 9 of the filed PDF · View the filing
Management said tariff-related stress has been addressed and no war-related impact on collections has been seen
Answered by Manoj Viswanathan
Asked by Shubhankar Gupta: Whether stress in pockets like Surat and Tirupur has reduced
p. 14
“Post the start of the war, we have not really seen any stress buildup. Even today, we are not seeing any impact of the war on collections.”
Manoj Viswanathan, page 14 of the filed PDF · View the filing
Management said the current levels reflect the underwriting and customer segment and cannot be dramatically reduced without changing strategy
Answered by Manoj Viswanathan
Asked by Ravi Naredi: Whether 1+ DPD and 30+ DPD can be reduced below 2%
p. 13
“It would not be possible for us to dramatically reduce that. If you have to dramatically reduce the 1+ and 30+, then we have to either change the customer segment or our underwriting methodology.”
Manoj Viswanathan, page 13 of the filed PDF · View the filing
Management named UP as having the highest potential along with southern states Tamil Nadu, Andhra Pradesh and Telangana
Answered by Manoj Viswanathan
Asked by Vijay Sharma: Which states will be targeted for faster growth going forward
p. 18
“the states that we are targeting for more aggressive growth would be eventually UP, because that is a large state.”
Manoj Viswanathan, page 18 of the filed PDF · View the filing
Risks flagged
Tariff-related stress in pockets like Surat and Tirupur
p. 14
“Some of the stress buildup was because of the tariffs, which has actually now been addressed.”
Manoj Viswanathan, page 14 of the filed PDF · View the filing
Market-wide movement in borrowing costs requiring pricing adjustments
p. 8
“The market has moved a lot on the borrowing side, and we will need to keep track of this.”
Nutan Patwari, page 8 of the filed PDF · View the filing
Gradual yield compression from customers migrating to higher ticket sizes who are more interest-rate sensitive
p. 10
“But over time, there would be marginal compression because these are customers who are buying larger properties. For them, interest rate is important.”
Manoj Viswanathan, page 10 of the filed PDF · View the filing
Team-related and tariff-related challenges affecting growth in Tamil Nadu
p. 15
“First, some of the challenges related to the tariffs, etc. we were facing in Tamil Nadu, plus we also had some team-related problems.”
Manoj Viswanathan, page 15 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.