Home First India (HOMEFIRST) Q4 25/26 earnings summary

Executive summary

• FY26 delivered robust growth with AUM rising 24.9% YoY to INR 15,878 crore, record Q4 disbursements, and PAT up 41.4% YoY to INR 5,404 million.

• Q4 disbursements reached an all-time high at INR 1,572 crore, up 23.5% YoY and 19.3% QoQ; FY26 disbursements grew 12.9% to INR 5,424 crore.

• Branch network expanded to 171 branches and 373 touchpoints, with 221 new employees added, mainly in customer-facing roles.

• Technology and AI adoption are central to operations, driving productivity and cost efficiency.

• Audited financial results for FY26 were approved with an unmodified audit opinion; dividend of Rs. 5.20 per share recommended.

Financial highlights

• Total income for FY26 was INR 19,227.22 million, up from INR 15,392.03 million in FY25; Q4 income was INR 505 crore, up 21.3% YoY.

• PAT for FY26 was INR 5,404 million, up 41.4% YoY; Q4 PAT was INR 1,494 million, up 42.7% YoY.

• Net interest margin for FY26 was 5.7%; cost-to-income ratio improved to 32.5%.

• Net worth increased to INR 43,565 million as of March 31, 2026.

• Basic EPS for FY26 was Rs. 14.35, up from Rs. 11.65 in FY25.

Outlook and guidance

• Targeting ~25% AUM growth for FY27, with focus on disciplined growth, asset quality, and productivity.

• Credit cost guidance maintained at 30-40 basis points for FY27.

• Dividend payout subject to shareholder approval at the upcoming AGM.