Home First Finance Co India (NSE:HOMEFIRST) Operating Income: ₹6,382 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:HOMEFIRST Home First Finance Co India Ltd NSE:HOMEFIRST
83 GF Score
Price ₹1,170.20
GF Value ₹1,409.88
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Home First Finance Co India Operating Income?

Home First Finance Co India NSE:HOMEFIRST -1.58% 83 Operating Income is ₹6,382 Mil as of Jun. 2026. GuruFocus rates NSE:HOMEFIRST with a GF Score™ of 83/100 and a GF Value™ of ₹1,409.88 (Modestly Undervalued). The stock has 7 warning signs investors should review.

Home First Finance Co India's Operating Income for the three months ended in Jun. 2026 was ₹1,711 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ₹6,382 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Home First Finance Co India's Operating Income for the three months ended in Jun. 2026 was ₹1,711 Mil. Home First Finance Co India's Revenue for the three months ended in Jun. 2026 was ₹4,854 Mil. Therefore, Home First Finance Co India's Operating Margin % for the quarter that ended in Jun. 2026 was 35.25%.

Good Sign:

Home First Finance Co India Ltd operating margin is expanding. Margin expansion is usually a good sign.

Home First Finance Co India's 5-Year average Growth Rate for Operating Margin % was 1.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Home First Finance Co India's annualized ROC % for the quarter that ended in Jun. 2026 was 3.69%. Home First Finance Co India's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 1,563.27%.


Home First Finance Co India  (NSE:HOMEFIRST) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Home First Finance Co India's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=6844 * ( 1 - 23.01% )/( (142697.96 + 0)/ 1 )
=5269.1956/142697.96
=3.69 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=151665.38 - 557.19 - ( 8410.23 - max(0, 1898.11 - 139821.1+8410.23))
=142697.96

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Home First Finance Co India's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=6844/( ( (437.8 + max(-1817.26, 0)) + (0 + max(0, 0)) )/ 1 )
=6844/( ( 437.8 + 0 )/ 1 )
=6844/437.8
=1,563.27 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(78.07 + 0 + 2.7799999999988) - (557.19 + 0 + 1340.92)
=-1817.26

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Home First Finance Co India's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=1711/4853.88
=35.25 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Home First Finance Co India Operating Income Related Terms


Home First Finance Co India Operating Income Historical Data

* Premium members only.

The historical data trend for Home First Finance Co India's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Home First Finance Co India Operating Income Chart

Home First Finance Co India Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only 1,596.15 2,394.53 2,865.68 3,552.99 5,464.94

Home First Finance Co India Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,279.37 1,413.18 1,637.08 1,620.40 1,711.00
NSE:HOMEFIRST
83GF Score
Home First Finance Co India Ltd NSE:HOMEFIRST
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Home First Finance Co India Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹6,382 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ₹6,382 Mil mean?
Home First Finance Co India (NSE:HOMEFIRST) has a Operating Income of ₹6,382 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Home First Finance Co India and its competitors.
Is Home First Finance Co India's Operating Income too high?
Home First Finance Co India's current Operating Income is ₹6,382 Mil. Overall, Home First Finance Co India has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Home First Finance Co India's Operating Income compare to RKT and FNMA?
Home First Finance Co India's Operating Income of ₹6,382 Mil can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Banks company?
A good Operating Income depends on the Banks industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Home First Finance Co India and its competitors. Home First Finance Co India's current Operating Income is ₹6,382 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Home First Finance Co India stock overvalued right now?
Based on GuruFocus' analysis, Home First Finance Co India (NSE:HOMEFIRST) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,409.88, compared to a current price of ₹1,170.20 — trading 17% below its estimated fair value. The current Operating Income is ₹6,382 Mil. Home First Finance Co India's overall GF Score™ is 83/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Home First Finance Co India (NSE:HOMEFIRST), the current Operating Income is ₹6,382 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Home First Finance Co India (NSE:HOMEFIRST) Overvalued in 2026?

Based on GuruFocus' analysis, Home First Finance Co India stock appears to be undervalued. The current stock price of ₹1,170.20 is trading 17% below its estimated GF Value™ of ₹1,409.88. GuruFocus considers Home First Finance Co India to be Modestly Undervalued.

Key valuation signals for NSE:HOMEFIRST:

  • Operating Income: ₹6,382 Mil
  • GF Value™: ₹1,409.88 vs. price of ₹1,170.20 (17% below fair value)
  • GF Score™: 83/100 with 7 warning signs

No single metric tells the full story. See the NSE:HOMEFIRST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Home First Finance Co India Business Description

Other Exchanges 543259:India
Address 511, Acme Plaza, Andheri Kurla Road, Opposite Sangam Cinema, Near Metro Station, J B Nagar, Andheri (East, Mumbai, MH, IND, 400 059
Home First Finance Co India Ltd is a technology-driven housing finance company focused on enabling home ownership for first-time home buyers across India. The Company provides financial services to the affordable housing segment through housing loans, loans for the purchase of commercial properties, and loans against property. It offers home loans for the purchase or construction of residential properties, as well as for the extension and repair of existing housing units. Its product portfolio includes Housing Loans, Shop Loans, Loans against Property, and other mortgage loans. The Company mainly serves first-time home buyers in the low- and middle-income segment, with a focus on emerging urban, semi-urban, and affordable housing markets across India.
83GF Score

Get the complete analysis for NSE:HOMEFIRST

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,170.20
Price
₹1,409.88
GF Value