Q2 2026 Home First Finance Company India Ltd Earnings Call Transcript
Key Points
- Home First Finance Co India Ltd (BOM:543259) reported a strong year-on-year AUM growth of 26.3%, reaching INR 14,178 crores.
- The company expanded its distribution network significantly, increasing branch count by 61% over the last three years.
- Disbursements for the quarter increased by 9.6% year-on-year, indicating healthy momentum despite macroeconomic challenges.
- The company maintained a healthy origination yield of 13.3%, with a significant portion of loans being individual housing loans.
- Home First Finance Co India Ltd (BOM:543259) has a strong focus on technology, with 83% of approvals facilitated by the account aggregator framework and 96% of customers registered on the mobile app.
- There was a noted increase in delinquencies, with 1+ DPD at 5.5% and gross stage 3 at 1.9%, particularly in regions like Tiruppur and Surat.
- The company faced challenges in certain markets due to tariff-related impacts on industries such as leather and textiles.
- Provision coverage has decreased, with stage 3 coverage dropping to 21%, raising concerns about asset quality.
- The bounce rate increased slightly, indicating potential stress in collections.
- Disbursement growth was slightly lower than expected, attributed to a cautious approach in underwriting certain segments.
Ladies and gentlemen, good day and welcome to the Home First Finance Company, India Limited, Q2 F 526 earnings conference call. As a reminder, all participant clients will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.
Should you need assistance during the conference call, please signal an operator by pressing, then 0 on a touchstone phone.
Please note that this conference is being recorded.
I now hand the conference over to Mr. Sunil Anjana, head of Treasury and Investors relations of Home First Finance Company India Limited.
Thank you and over to you, sir.
Thank you, Sunali. Good evening, ladies and gentlemen. Welcome to Home First Finance Company's earnings conference call to discuss the financial results for the quarter ended September 30, 2025.
I'm Sunil Lana. I had the treasury function at Home first, and I have been with the company since 2017.
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