Q1 2026 Home First Finance Company India Ltd Earnings Call Transcript
Key Points
- Home First Finance Co India Ltd (BOM:543259) raised INR1,250 crores through its first QIP, significantly increasing its net worth and strengthening its capital base.
- The company's long-term credit rating was upgraded to AA Stable by ICRA India Ratings and Care, enhancing its ability to build a strong housing finance franchise.
- AUM growth remained robust, increasing by 28.6% year on year and 6% quarter on quarter, reaching INR13,479 crores.
- The company added three new branches, bringing the total to 158, and plans to add six more in the next quarter, indicating a strategic expansion.
- Home First Finance Co India Ltd (BOM:543259) launched Pulse, an AI-driven omnichannel platform, enhancing customer interaction and operational efficiency.
- Disbursements in April were lower than expected, impacting the overall quarterly performance.
- Asset quality saw a seasonal uptick in delinquencies, with 1-plus DPD at 5.4% and 30-plus DPD at 3.5%, indicating potential risk management challenges.
- Growth in key markets like Tamil Nadu and Telangana was muted, affecting the overall regional performance.
- The company's cost of borrowing remained flat quarter on quarter, with expectations of improvement yet to materialize.
- Employee productivity metrics have shown a slight decline, with disbursals per employee not increasing despite rising ticket sizes.
Ladies and gentlemen, good day, and welcome to Home First Finance Company India Limited Q1 FY26 earnings conference call.
(Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Deepak Khetan, Head, Investor Relations of Home First Finance Company India Limited.
Thank you and over to you, sir.
Thank you, Rio.
Good afternoon, ladies and gentlemen. Welcome to Home First Finance Company's earnings conference call to discuss the financial results for the quarter ended June 30, 2025. We hope you have had the chance to review our investor presentation and press release, both of which are available on our website and the stock exchanges. As per our practice, we have also uploaded an Excel sheet containing historical data on our website for your easy reference.
From the management, we have with us today, Mr. Manoj Viswanathan, Managing Director and Chief Executive Officer; and Ms. Nutan
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