Home First Finance Company India Ltd. · NSE:HOMEFIRST
Home First Finance Company India — Q3 FY26 Earnings Presentation
50 slides from Home First Finance Company India's earnings presentation, Jan 22, 2026
Slide 1: Exchange filing cover letter
HFFCIL/BSE/NSE/EQ/129/2025-26 Date: 22-01-2026 To, To, BSE Limited, The National Stock Exchange of India Limited, Department of Corporate Services, The Listing Department, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Mumbai- 400001. Mumbai- 400 051. Scrip Code- 543259 Scrip Symbol-
Slide 2: Home First Finance Company Investor Presentation Q3FY26
Home First Finance Company Investor Presentation Q3FY26
Slide 3: Safe Harbour
Safe Harbour Safe Harbour This presentation and the accompanying slides (the "Presentation"), which have been prepared by Home First Finance Company India Ltd. (the "Company"), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase
Slide 4: Q3FY26 Highlights
Executive Summary | Q3FY26 Q3FY26 Highlights y-o-y q-o-q Assets Under Management (AUM) Disbursement Gross Stage 3 / POS (GNPA) ₹1,49,249 Mn ₹13,184 Mn 2.0% +24.9% +5.3% +10.5% 2.2% +30 bps +10 bps Spread(1) Opex to Assets DPD 30+ / POS 5.4% 2.7% (2.6%) 3.7% +20 bps +10 bps +10 bps +10 bps +60 bps 0
Slide 5: MD & CEO Commentary on Q3 FY26
MD & CEO Commentary on Q3 FY26 MD Commentary “India’s economy continues to display resilience despite global uncertainties arising from trade, tariffs and geopolitics. The policy landscape has turned supportive and economic momentum appears to be around the corner. We are pleased to present the fina
Slide 6: HomeFirst – Who are We?
HomeFirst – Who are We? Corporate Information ▪ Technology driven affordable housing finance company with pan India presence. Hub and spoke distribution covering 80% of the affordable housing market in the country. ▪ Home loans to first time home buyers with predominant focus on families with a monthly
Slide 7: Our Journey
Our Journey Corporate Information India ICRA / CARE India ICRA / CARE / CARE Rating CARE / ICRA Rating Ratings Rating Ratings India Ratings BBB- BBB+ A- A+ AA- AA- AA-(+ve) AA Raised ₹1,250 Cr through QIP 150+ Physical Branches 1,49,249 AUM crosses 1,49,249 ₹120 bn. 1,27,127 ₹ Mn AUM crosses Assets
Slide 8: Shareholding as on Jan’26
Shareholding as on 16 Jan’26 Corporate Information Promoter & Promoter Group % Holding FIIs & FPIs % Holding* 7.5% True North Fund V LLP 7.5 16.1% Capital Group 7.7 4.9% Aether (Mauritius) Limited (GIC)^ 4.9 Fidelity International 7.6 MFs, AIFs & Insurance Companies % Holding* Norges Bank Investment
Slide 9: Distinguished Board of Directors
Distinguished Board of Directors Leadership Deepak Satwalekar Geeta Dutta Goel Anuj Srivastava Sucharita Mukherjee Chairman / Independent / Independent / Independent / Independent / Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director Current: Independent Direc
Slide 10: Experienced Management Team
Experienced Management Team Leadership Manoj Viswanathan Ajay Khetan Nutan Gaba Patwari Gaurav Mohta Chief Executive Officer Dy. Chief Executive Officer Chief Financial Officer Chief Marketing Officer and Chief Business Officer 15 27 13 25 14 22 7 18 Education: B-Tech BITS, Pilani and PGDM Education
Slide 11: Meet Our Customers
Meet Our Customers Corporate Information Formal Salaried Informal Salaried Self Employed Customer 1 Customer 2 Customer 3 Age:34 / Location: Ankleshwar 68% Age:42 / Location: Ahmedabad 32% Age:27 / Location: Indore Salaried Self Employed Who are they? Applicant is a welder at a local factory with a
Slide 12: Our Unique Value Proposition to Our Customers
Our Unique Value Proposition to Our Customers Corporate Information Who are our customers What do our customers need What challenges do they face ▪ Salaried and self-employed ▪ Home loan requirement individuals ▪ Inability to meet NPS primarily in the ₹0.5 -1.5 mn documentation requirements (1) 82 r
Slide 13: Distribution Strategy
Distribution Strategy Corporate Information 0 -4 4-7 7 - 15 Contribution to India's GDP FY’24 ( %) Pan India Distribution driven by strategic market selection & contiguous expansion Physical branches - 165 368 Proposed branches - 65 Touchpoints Digital branches - 138 165 143 13 368 Branches District
Slide 14: Omni Channel Lead Generation Strategy
Omni Channel Lead Generation Strategy Corporate Information Diversified lead generation channels | Q3 FY26 76.7% Diversified channels for generating leads such as connectors, builder ecosystem, digital, etc. 100% in-house conversion 10.5% 2.9% 3.2% by HomeFirst RMs. 0.0% 0.6% 1.5% 2.6% 2.0% Constructi
Slide 15: Data Science Backed Centralised Underwriting
Data Science Backed Centralised Underwriting Corporate Information Risk Management Design Tech-Led Centralised ▪ Salaried customers ▪ 100+ data points & digitally captured ▪ Consistency in underwriting data for all customers Loans Approved within 48hrs ▪ Build detailed understanding of ▪ Integrated
Slide 16: Scalable Operating Model built on Holistic Technology Usage
Scalable Operating Model built on Holistic Technology Usage Corporate Information Tech Infra Integrated Services Data Analytics ML/AI ▪ 100% Cloud-Based Architecture: ▪ Scalable Microservices Architecture: ▪ CDC-enabled streaming architecture: ▪ Advanced Machine Learning & AI: India-based cloud data
Slide 17: Proprietary In-house Applications
Proprietary In-house Applications Corporate Information Document Management System In-house AI Conversational Platform Treasury Management System ▪ To enhance operational efficiency and reduce costs, ▪ Omni-channel Conversational AI platform: ▪ HomeFirst has developed an In-house Treasury Home First
Slide 18: Digital Adoption
Digital Adoption Corporate Information Customer Rating on Google Unique user logins as % of active Playstore % Customers registered on App customers 96% 96% 96% 96% 96% 4.3 Average payment per user on 48% 46% 46% 46% As of 13 Jan’26 app 44% ₹43,058 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q3FY25 Q4FY25 Q1
Slide 19: Building the Brand HomeFirst
Building the Brand HomeFirst Corporate Information 18 Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
Slide 20: ESG at HomeFirst
ESG at HomeFirst Putting sustainability at core of operations
Slide 21: Commitment to ESG
Commitment to ESG ESG Comprehensive Policy & Governance Mechanism An ESG Execution Team with The Company understands management team participation the growing importance of has been created to ensure ESG and has adopted a Robust implementation of the ESG Policy Board approved ESG Policy Implementati
Slide 22: Digital Processes from start to finish to reduce Carbon Footprint
Digital Processes from start to finish to reduce Carbon Footprint ESG Customer App Connector App RM Pro App Green Operations Operational Eco-efficiency & Climate Resilience HomeFirst has a deeply ingrained Ideology of all processes being paperless across the product cycle. Implemented Electronic pro
Slide 23: Progress on Social Development
Progress on Social Development ESG Sashakt Stories Responsibility towards community Minaxi Jayeshbhai Nisha Thakor Responsibility towards employees Sashakt Beneficiary Sashakt Beneficiary Project Sashakt : 8,500+ families touched Tailoring Beauty Wellness Employee Training and Development Skilling &
Slide 24: Progress on Social Development
Progress on Social Development ESG Responsibility towards customers ESG Initiatives Customer Satisfaction Sustainable Finance • Customer focus: Playing a key role in Financial • Funds approved from DFC to support women borrowers for financing affordable housing. U.S. International inclusion by facil
Slide 25: Strong Governance Structure
Strong Governance Structure ESG Work Sustainably & Ethically Governance at core Separate Chairman & Managing Director position Sustainable Finance Corporate Governance We promote Financial Inclusion. • Core competencies of Independent Directors directly relevant to company’s operations. Experienced
Slide 26: Strong Governance Practice
Strong Governance Practice ESG Corporate Governance Structure Top-tier Corporate Governance • High Independent Directors representation in all Board Committees • Highly experience Board & Management Team on Risk Management committee. • Company's risk management framework is driven by its Board and i
Slide 27: Business Updates
Business Updates (2)
Slide 28: Healthy Growth in Loan Book and Disbursements
Healthy Growth in Loan Book and Disbursements Business Updates Disbursement ( ₹Mn ) Last 5 Years Last 5 Quarters 48,053 13,184 39,634 12,731 12,894 12,435 Healthy disbursal momentum 30,129 11,928 20,305 10,966 FY21 FY22 FY23 FY24 FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Assets Under Management ( ₹Mn
Slide 29: Consistent Portfolio Metrics | Dec’25
Consistent Portfolio Metrics | Dec’25 Business Updates 16% 32% AUM by Product AUM by Occupation 1% Housing Loan Salaried Shop Loans Self Employed LAP Sharp focus on High ratio of 83% housing loans 68% salaried customers 87% 1% 15% 13% AUM by Credit history AUM by Ticket Size 13% Upto 0.5mn AVG: 747
Slide 30: Competitive Spreads
Competitive Spreads Business Updates Net Interest Spread Movement PLR increase Spread (Overall) Spread (Ex CL) Portfolio Yield Portfolio Yield (Ex CL) COB COB (Ex CL) 25bps w.e.f 1st Jul’22 50bps w.e.f 1st Dec’22 Last 5 Years Last 5 Quarters 50bps w.e.f 1st Apr’23 35bps w.e.f 1st Aug’24 13.6% 13.6%
Slide 31: Healthy Leading Indicators: Bounce rate
Healthy Leading Indicators Business Updates Bounce rate : On the day of EMI presentation Bounce rate Bounce rates are range-bound COVID COVID WAVE -1 WAVE -2 36.4% 28.3% 20.1% 17.3% 18.3% 16.5% 15.7% 16.4% 16.8% 16.3% 16.7% 16.9% 14.5% 14.0% 15.6% 14.9% 15.0% 14.2% 15.1% 14.7% 15.3% 15.2% 16.0% 13.6
Slide 32: Healthy Leading Indicators: Collection Efficiency
Healthy Leading Indicators Business Updates Collection Efficiency Collection efficiency Collection Efficiency (1) Unique Customers (2) at normal levels 98.4% 98.0% 98.1% 98.2% 98.5% 98.4% 98.2% 99.4% 97.8% 98.2% 97.9% 97.9% 98.3% 98.2% 97.4% 98.4% 97.2% 97.6% 96.9% 97.2% 97.0% 97.3% 97.1% 96.9% 97.0% 97.0
Slide 33: Sound Credit Indicators
Sound Credit Indicators Business Updates DPD 1+ / POS DPD 30+ / POS % Stage 3 / POS Stage 2 / POS 6.2% 5.3% 5.4% 5.5% 5.3% Asset quality at 4.8% 4.1% 4.5% 4.5% 3.7% 3.5% 3.7% 3.7% 4.0% 4.2% 3.0% 3.1% 3.0% healthy levels 1.8% 2.7% 2.8% 2.3% 1.8% 1.9% 2.0% 1.7% 1.7% 1.7% 1.6% 1.7% 2.3% 1.4% 1.4% 1.7%
Slide 34: Diversified funding profile at competitive Cost of Borrowing
Diversified funding profile at competitive Cost of Borrowing Business Updates Borrowings Mix and Cost of Borrowing trend DA Co-Lending ECB NCD NHB Refinance NBFC Public Sector Banks Pvt Sector Banks COB% (Represents quarterly avg.) Total Borrowings 82,514 87,954 95,120 1,05,869 1,10,559 1,15,592 1,18
Slide 35: ALM Position as of Dec’25 - Cumulative
ALM Position as of Dec’25 - Cumulative Business Updates Inflow Outflow Surplus 58,318 19,183 34,734 39,063 40,484 30,316 (₹Mn) Robust ALM profile ensuring 2,40,771 sufficient liquidity buffers 2,10,455 2,03,735 1,46,906 1,45,417 Cumulative Positive flows 1,06,522 across all the 79,368 time buckets 56,188 4
Slide 36: Assignment and Co-lending Transactions
Assignment and Co-lending Transactions Business Updates Direct Assignment Transactions Co-Lending Transactions ₹3,784 Mn ₹6,278 Mn ₹8,587 Mn ₹8,498 Mn 3,158 2,844 Consistent 2,720 2,620 demand for 1,009 545 assignment 781 966 of the company’s 1,956 1,936 1,927 portfolio 1,880 1,708 226 609 417 345 1
Slide 37: Strong Liquidity Position
Strong Liquidity Position Business Updates Liquidity Buffer as on Dec’25 (in ₹Mn) Unencumbered Cash and Cash equivalent 15,731 Un-availed Sanction from NHB 6,040 Un-availed Sanction from Banks 21,799 Total 43,570 ₹ 44,426 million Liquidity raised (excl equity) during 9MFY26 Particulars (in ₹Mn) Q4FY2
Slide 38: Financial Updates
Financial Updates (2)
Slide 39: Financial Highlights
Financial Highlights Financial Updates Profit After Tax ( ₹Mn ) Net worth ( ₹Mn ) Equity Raised 3450 32 53 62 337 251 337 12,495 12,715 12,940 ( ₹Mn ) 3,821 1,402 3,057 1,318 41,803 1,189 38,551 40,144 Robust NW to 2,283 Strong profit growth (1) 1,047 support growth 974 1,741 25,213 24,082 25,213 21,2
Slide 40: ECL Provisions Summary
ECL Provisions Summary Financial Updates Loan Particulars (in ₹Mn) Stage 1 Stage 2 Stage 3 Commitment Total For period ended Dec’25 Loans – Principal Outstanding 1,19,934.0 2,014.6 2,550.7 1,24,499.3 ECL Provision 261.3 182.8 560.5 24.7 1,029.3 Net Loans – Principal Outstanding 1,19,672.7 1,831.8 1,
Slide 41: Annexures
Annexures (2)
Slide 42: Quarterly and Annual Profit and Loss Statement
Quarterly and Annual Profit and Loss Statement Financial Updates Particulars (in ₹Mn) Q3FY26 Q2FY26 Q3FY25 QoQ YoY FY25 FY24 YoY Interest Income on term loans 4,055.7 3,885.6 3,344.4 4.4% 21.3% 12,801.6 9,696.1 32.0% Net gain on DA 266.8 249.5 215.0 912.2 631.1 Income other than interest income on t
Slide 43: RoE Tree
RoE Tree Financial Updates Particulars Q3FY26 Q2FY26 Q3FY25 FY25 FY24 Interest Income on term loans / Average total assets 11.5% 11.3% 11.6% 11.8% 11.9% Net Gain on DA / Average total Assets 0.8% 0.7% 0.7% 0.9% 0.8% Income other than interest income on term loans/ Average total assets 1.5% 1.9% 1.8%
Slide 44: Key Financial Ratios
Key Financial Ratios Financial Updates Particulars Q3FY26 Q2FY26 Q3FY25 FY25 FY24 Profit after tax on average total assets (ROA) 4.0% 3.8% 3.4% 3.5% 3.8% Leverage (Average total assets / average Equity 3.4 3.5 4.9 4.7 4.1 or average Net worth) Profit after tax on average equity or average 13.7% 13.4
Slide 45: Balance Sheet
Balance Sheet Financial Updates Particulars (in ₹Mn) Dec’25 FY25 FY24 ASSETS Cash & cash equivalents and Other bank 13,289.7 9,382.4 8,215.1 balance Loans 1,23,494.7 1,06,487.0 81,434.4 Investments 2,920.4 3,602.4 3,788.1 Other financial assets 2,274.1 1,881.8 1,440.7 Property, plant and Equipment*
Slide 46: Consistent Financial Performance over the years
Consistent Financial Performance over the years Financial Updates Particulars (in ₹Mn) FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 CAGR % Operational Information Number of Branches 36 42 60 68 72 80 111 133 155 Loan disbursals 4,244 7,455 15,728 16,183 10,966 20,305 30,129 39,634 48,053 AUM 8,473 1
Slide 47: Experienced and Diverse Board
Experienced and Diverse Board Leadership Mr. Deepak Satwalekar Ms. Geeta Dutta Goel Mr. Anuj Srivastava Chairman/ Independent/ Non-Executive Director Independent/ Non-Executive Director Independent/ Non-Executive Director Mr. Deepak Satwalekar holds a bachelor’s degree in mechanical Ms. Geeta Dutta
Slide 48: Thank You
Thank You For further information, please contact Ms Nutan Gaba Patwari – Chief Financial Officer nutangaba.patwari@homefirstindia.com Mr. Sunil Anjana, Head – Treasury and Investor Relations sunil.anjana@homefirstindia.com Investor Relations - HomeFirst investor.relations@homefirstindia.com CIN: L659
Slide 49: Glossary
Glossary Glossary Terms Explanation Assets Under Management/Gross Loan Assets represents the aggregate of current principal AUM - Assets Under Management outstanding and overdue principal outstanding, if any, for all loan assets under management which includes loan assets held by the Company as of t
Slide 50: Did you know - a green home can cut energy use by 20%
Did you know - agreen home can cut energy use by 20%. TD Q 2) = mt TTAB — Impressive. But is one Now that makes 300 green home certifications!
Home First Finance Company India — Q3 FY26 Earnings Presentation on 6ix