More Stories

Informist, Thursday, Jul. 23, 2026

By Shweta

NEW DELHI – Home First Finance Co. is expected to report robust growth in its bottom line for the June quarter on the back of strong assets under management, according to brokerages tracking the company. A healthy rise in the financier's assets under management will also support its net interest income, the brokerages said.

The non-bank financier's net profit is expected to rise over 41% on year to INR 1.68 billion for the June quarter. Sequentially, the net profit is seen growing over 12%. The estimates for the company's net profit range from a high of INR 2.80 billion by IDBI Capital Market Services Ltd. to a low of INR 1.45 billion by YES Securities (India) Ltd.

Its net interest income for the June quarter is likely to grow to INR 2.71 billion, up over 39% on year and nearly 15% on quarter. The highest estimate for the company's net interest income is INR 3.80 billion from IDBI Capital and the lowest is INR 2.43 billion from Prabhudas Lilladher Pvt. Ltd. "We expect NII to grow 23% YoY (year-on-year), driven by strong AUM growth and healthy origination yields," analysts at IDBI Capital said in a pre-earnings note.

Estimates for the housing finance company's assets under management range from a high of INR 167.76 billion from Prabhudas Lilladher to a low of INR 135 billion from ICICI Securities Ltd. and JM Financial Institutional Securities Pvt. Ltd. The company had reported assets under management of INR 158.78 billion a quarter ago and INR 134.79 billion a year ago.

Analysts at Kotak Securities said, "We expect AUM growth to remain strong at 5.7% QoQ (5.2-6.4% QoQ growth during the last 4 quarters) and 25% YoY growth driven by disbursements growth of 24% YoY." Analysts at Prabhudas Lilladher expect strong disbursement momentum, with Karnataka emerging out of the issues with property registration software 'e-khata'.

The Mumbai-based company's net interest margin for the June quarter is expected to be in the 5.9-7.3% range, up from 5.2% a year ago, according to four brokerages. However, the net interest margin is seen flat at the lower end of the range as reported in the trailing quarter, as per the brokerages' estimates.

The company's advances are likely to grow over 23% on year and nearly 6% sequentially to INR 138.86 billion for the June quarter, while deposits are expected to rise nearly 16% on year and nearly 6% on quarter to INR 111.73 billion, according to Nirmal Bang Equities Pvt. Ltd.

Home First Finance Co. is a housing finance company in the affordable housing segment. The company offers loans for home, self-construction, resale, mortgage, shop, renovation as well as top-up loans. The company will announce its June quarter earnings on Monday.

Brokerages will keep an eye on the management's comments on asset quality improvement, spread sustainability, expansion into new metro markets, and guidance on margin and credit costs.

On Wednesday, the company's shares closed 4.4% lower at INR 1,224.10 on the National Stock Exchange. The company's shares have risen nearly 1% since it announced the March quarter earnings on May 6.

Of the 10 brokerage reports on the company available with Informist, eight have a 'buy' or equivalent recommendation on the stock with an average target price of INR 1,433 per share. This is 16% higher than the current market price. Two brokerages have a 'sell' recommendation on the stock with an average target price of INR 1,255.

Following are the June quarter earnings estimates for Home First Finance from nine brokerages in descending order of the estimates of net profit in INR billion:

End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Edited by Himanshi Gupta

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (11) 4220-1000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2026. All rights reserved.