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Informist, Monday, Jul. 27, 2026

 

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--Home First Fin Apr-Jun net profit INR 1.60 bln 
--Analysts saw Home First Fin Apr-Jun net profit at INR 1.68 bln 
--Home First Fin Apr-Jun revenue INR 5.38 bln 
--Home First Fin Apr-Jun revenue INR 5.38 bln vs INR 4.54 bln year ago 
--Home First Fin Apr-Jun net profit INR 1.60 bln vs INR 1.19 bln year ago 
--Home First Fin Apr-Jun net interest income INR 2.32 bln, up 38.2% on yr 
--Home First Fin Apr-Jun net interest margin 6.0% vs 5.2% year ago 
--Home First Fin AUM at INR 169.38 bln on Jun 30, up 25.7% on year 
--Home First Fin disbursements INR 16.28 bln on Jun 30, up 31% on yr 
--Home First Fin Apr-Jun credit cost 0.4%, unch on year

 

By Pratiksha

NEW DELHI – Home First Finance Co. India Ltd.'s net profit for the June quarter rose sharply from a year earlier, driven by robust growth in assets under management and net interest income. The housing finance company's net profit rose nearly 35% on year and 7% on quarter to INR 1.60 billion. However, this was below analysts' expectation of INR 1.68 billion.

 

The company's assets under management grew nearly 26% on year to INR 169.38 billion as of Jun. 30. Disbursements rose more than 31% on year to INR 16.28 billion during the quarter.

 

Of the total assets under management, 83% comprises housing loans, with an average ticket size of INR 1.21 million. "We are seeing healthy business momentum across our markets and remain confident of delivering around 25% AUM growth while maintaining our focus on profitability, portfolio quality and operating efficiency," Home First Finance's Managing Director and Chief Executive Officer Manoj Viswanathan said in a press release. 

The Mumbai-based mortgage company's total revenue from operations rose almost 19% on year to INR 5.38 billion in the June quarter. Net interest income rose over 38% on year to INR 2.32 billion. Sequentially, it rose over 6%. 

 

Total expenses rose over 11% on year to INR 3.32 billion in Apr-Jun. Finance cost, which forms the biggest chunk in the company's expenditure, was broadly stable at INR 2.08 billion. The company's tax outgo for the June quarter was INR 477.84 million, against INR 376.06 million a year ago.

 

The company's net interest margin rose to 6.0% in the June quarter from 5.9% a quarter ago and 5.2% a year ago. Credit cost remained unchanged on year and on quarter at 0.4% in the reporting quarter. 

 

During the June quarter, the company added four new branches, taking its total network to 175 branches across the country. Monday, shares of Home First Finance closed 0.7% higher at INR 1,182.50 on the National Stock Exchange. The company announced its June quarter earnings after market hours. End

 

Edited by Saji George Titus

 

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