Home First Finance Company India Ltd (HOMEFIRST) Q2FY27 Concall Summary - Sep-2026 Qtr
Key Takeaways
- Management targets a 16% exit ROE for FY28, signaling strong confidence in sustained profitable growth beyond the current fiscal year's 15% exit ROE target.
- The potential 35 bps ROA impact from the draft insurance circular will be mitigated by increasing LAP share, assignment income, and minor pricing changes.
- CEO Manoj Viswanathan confirmed his term runs until July 2028 and he intends to seek reappointment, firmly quashing rumors of a near-term strategic role change.
Performance Overview
- AUM grew 27% YoY to INR 18,010 crores, driven by a 32.2% YoY increase in quarterly disbursements to INR 1,705 crores.
- Profit After Tax increased 29.1% YoY to INR 170 crores, supported by a 31.9% growth in Net Interest Income and improving operating leverage.
- Asset quality remained stable with gross Stage 3 assets improving 10 bps QoQ to 1.7% and credit costs contained at 40 basis points.
- Operating efficiency improved, with the cost-to-income ratio declining to 30.8% and opex-to-assets at 2.6% for the quarter.
- The company continued its technology push, deploying four in-house AI capabilities across the lending lifecycle to improve productivity and underwriting.
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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Tone & Disclosure
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