Home First Finance Company India Ltd (HOMEFIRST) Q2FY26 Concall Summary - Sep-2025 Qtr
Performance Overview
- The company reported strong AUM growth, reaching 14,178 crores, a 26.3% YoY increase, despite a subdued macroeconomic environment.
- Disbursement growth was modest at 9.6% YoY to 1,289 crores, impacted by tariff-related uncertainty and a conscious decision to tighten underwriting in specific segments.
- Asset quality showed signs of stress, with a marginal rise in delinquencies (1+ DPD at 5.5%, Gross Stage 3 at 1.9%), particularly in tariff-impacted industries like textiles and leather in specific geographies.
- Profitability remained robust, with Net Profit increasing by 43% YoY to 132 crores, supported by a 30 basis point reduction in the cost of borrowing and an expansion in Net Interest Margin to 5.4%.
- The company continues to drive digital adoption, with 83% of approvals facilitated by the Account Aggregator framework and 96% of customers registered on the mobile app.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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