Home First Finance Company India Ltd. · NSE:HOMEFIRST

Home First Finance Company India — Q2 FY26 Earnings Presentation

49 slides from Home First Finance Company India's earnings presentation, November 2025

  1. Slide 1: Home First Finance Company Investor Presentation Q2FY26

    Home First Finance Company Investor Presentation Q2FY26

  2. Slide 2: 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

  3. Slide 3: Q2FY26 Highlights

    Executive Summary | Q2FY26 Q2FY26 Highlights y-o-y q-o-q Assets Under Management (AUM) Disbursement Gross Stage 3 / POS (GNPA) ₹1,41,781 Mn ₹12,894 Mn 1.9% +26.3% +5.2% +9.6% 3.7% +20 bps +10 bps Spread(1) Opex to Assets DPD 30+ / POS 5.3% 2.6% 3.7% 0 bps +20 bps -10 bps -10 bps +90 bps +20 bps Prof

  4. Slide 4: MD & CEO Commentary on Q2 FY26

    MD & CEO Commentary on Q2 FY26 MD Commentary “At HomeFirst Finance, Q2 FY26 was another quarter of disciplined growth and steady execution; with the backdrop of a subdued macro environment marked by prolonged monsoons and tariff hikes. Our AUM reached INR 14,178 crore, up 26.3% y-o-y and 5.2% q-o-q.

  5. Slide 5: 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

  6. Slide 6: 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 150+ Physical QIP Branches AUM crosses 1,41,781 1,41,781 ₹120 bn. 1,27,127 ₹ Mn AUM crosses Assets

  7. Slide 7: Shareholding as on Oct'25

    Shareholding as on 31 Oct’25 Corporate Information Promoter & Promoter Group % Holding FIIs & FPIs % Holding* 7.5% True North Fund V LLP 7.5 15.5% Capital Group 7.8 4.9% Aether (Mauritius) Limited (GIC)^ 4.9 Fidelity International 7.0 MFs, AIFs & Insurance Companies % Holding* Norges Bank Investment

  8. Slide 8: 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

  9. Slide 9: Experienced Management Team

    Experienced Management Team Leadership Manoj Viswanathan Ajay Khetan Gaurav Mohta Chief Executive Officer Dy. Chief Executive Officer Chief Marketing Officer and Chief Business Officer 15 27 13 25 14 22 Education: B-Tech BITS, Pilani and PGDM XLRI Education: MNNIT Allahabad and PGDM XIM-B Education:

  10. Slide 10: 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

  11. Slide 11: 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

  12. Slide 12: 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 - 163 366 Proposed branches - 66 Touchpoints Digital branches - 137 163 143 13 366 Branches District

  13. Slide 13: Omni Channel Lead Generation Strategy

    Omni Channel Lead Generation Strategy Corporate Information Diversified lead generation channels | Q2 FY26 77.0% Diversified channels for generating leads such as connectors, builder ecosystem, digital, etc. 100% in-house conversion 9.5% 3.9% by HomeFirst RMs. 0.1% 2.7% 0.6% 1.5% 2.4% 2.3% Constructio

  14. Slide 14: 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

  15. Slide 15: 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

  16. Slide 16: 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

  17. Slide 17: Digital Adoption

    Digital Adoption Corporate Information Customer Rating on Google Unique user logins as % of active Playstore % Customers registered on App customers 95% 96% 96% 96% 96% 4.2 Average payment per user on 50% 48% 46% 46% 46% As of 02 Nov’25 app ₹43,124 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q2FY25 Q3FY25 Q4

  18. Slide 18: Building the Brand HomeFirst

    Building the Brand HomeFirst Corporate Information 18 Investor Presentation – Q2 FY26 | Home First Finance Company India Ltd.

  19. Slide 19: ESG at HomeFirst

    ESG at HomeFirst Putting sustainability at core of operations

  20. Slide 20: 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

  21. Slide 21: 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

  22. Slide 22: Progress on Social Development

    Progress on Social Development ESG Sashakt Stories Responsibility towards community Pushpa Vaghela Rahulbhai Patani Responsibility towards employees Sashakt Beneficiary Sashakt Beneficiary Project Sashakt : 6,500+ families touched Beauty Wellness Tally GST Skilling & Employment | Education & Develop

  23. Slide 23: 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

  24. Slide 24: 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

  25. Slide 25: 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

  26. Slide 26: Business Updates

    Business Updates (2)

  27. Slide 27: 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 39,634 12,731 12,894 12,435 Healthy disbursal momentum 30,129 11,768 11,928 20,305 10,966 FY21 FY22 FY23 FY24 FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Assets Under Management ( ₹Mn

  28. Slide 28: Consistent Portfolio Metrics | Sep'25

    Consistent Portfolio Metrics | Sep’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 86% 1% 14% 14% AUM by Credit history AUM by Ticket Size 13% Upto 0.5mn AVG: 747

  29. Slide 29: Competitive Spreads

    Competitive Spreads Business Updates Net Interest Spread Movement Spread (Overall) Spread (Ex CL) Portfolio Yield Portfolio Yield (Ex CL) COB COB (Ex CL) Repricing schedule 25bps w.e.f 1st Jul’22 Last 5 Years Last 5 Quarters 50bps w.e.f 1st Dec’22 50bps w.e.f 1st Apr’23 13.6% 13.6% 13.6% 13.6% 13.5%

  30. Slide 30: Healthy Leading Indicators

    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% 17.4% 14.5% 14.0% 15.6% 14.9% 15.0% 14.2% 15.1% 14.7% 15.3% 15.2% 16.0% 13.6% 10.9

  31. Slide 31: Healthy Leading Indicators

    Healthy Leading Indicators Business Updates Collection Efficiency Collection efficiency Collection Efficiency (1) Unique Customers (2) at normal levels 97.8% 98.2% 98.4% 98.0% 97.9% 98.3% 98.2% 98.4% 98.4% 98.2% 99.4% 97.9% 98.8% 98.5% 97.6% 98.5% 97.4% 97.4% 97.4% 97.2% 97.6% 96.9% 97.2% 97.0% 97.3% 97.1

  32. Slide 32: 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% Asset quality at 4.8% 4.1% 4.5% 4.5% 4.5% 3.7% 3.5% 3.7% 4.0% 4.2% 3.0% 3.1% 3.0% healthy levels 1.8% 2.7% 2.8% 2.8% 2.3% 1.8% 1.9% 1.7% 1.7% 1.7% 1.6% 1.7% 1.7% 2.3% 1.4% 1.4% 1.7%

  33. Slide 33: 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 72,792 82,514 87,954 95,120 1,05,869 1,10,559 1,15,5

  34. Slide 34: ALM Position as of Sep'25 - Cumulative

    ALM Position as of Sep’25 - Cumulative Business Updates Inflow Outflow Surplus 56,143 18,457 32,118 40,698 40,758 28,355 (₹Mn) 2,31,071 Robust ALM profile ensuring 2,02,716 sufficient liquidity 1,96,630 buffers 1,42,315 1,40,487 Cumulative 1,01,557 Positive flows across all the 77,973 time buckets 54,099 3

  35. Slide 35: 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 ₹5,340 Mn 2,844 Consistent 2,720 2,620 demand for 545 assignment 781 966 of the company’s 1,956 1,936 1,880 1,927 portfolio 1,708 226 609 417 345 1,471 1,154 1

  36. Slide 36: Strong Liquidity Position

    Strong Liquidity Position Business Updates Liquidity Buffer as on Sep’25 (in ₹Mn) Unencumbered Cash and Cash equivalent 16,605 Un-availed Sanction from NHB 9,000 Un-availed Sanction from Banks 17,197 Total 42,802 ₹ 30,768 million Liquidity raised (excl equity) during H1FY26 Particulars (in ₹Mn) Q3FY2

  37. Slide 37: Financial Updates

    Financial Updates (2)

  38. Slide 38: Financial Highlights

    Financial Highlights Financial Updates Profit After Tax ( ₹Mn ) Net worth ( ₹Mn ) Equity Raised 3450 32 53 62 337 159 251 337 12,495 12,715 ( ₹Mn ) 3,821 3,057 1,318 1,189 38,551 40,144 Robust NW to 2,283 Strong profit growth (1) 1,047 support growth 974 1,741 922 25,213 25,213 21,215 22,895 24,082 1,

  39. Slide 39: ECL Provisions Summary

    ECL Provisions Summary Financial Updates Loan Particulars (in ₹Mn) Stage 1 Stage 2 Stage 3 Commitment Total For period ended Sep’25 Loans – Principal Outstanding 1,14,605.8 2,071.1 2,297.4 1,18,974.3 ECL Provision 249.3 182.0 482.1 23.3 936.7 Net Loans – Principal Outstanding 1,14,356.5 1,889.1 1,81

  40. Slide 40: Annexures

    Annexures (2)

  41. Slide 41: Quarterly and Annual Profit and Loss Statement

    Quarterly and Annual Profit and Loss Statement Financial Updates Particulars (in ₹Mn) Q2FY26 Q1FY26 Q2FY25 QoQ YoY FY25 FY24 YoY Interest Income on term loans 3,885.6 3,672.2 3,146.4 5.8% 23.5% 12,801.6 9,696.1 32.0% Net gain on DA 249.5 247.1 201.7 912.2 631.1 Income other than interest income on t

  42. Slide 42: RoE Tree

    RoE Tree Financial Updates Particulars Q2FY26 Q1FY26 Q2FY25 FY25 FY24 Interest Income on term loans / Average total assets 11.3% 11.4% 11.7% 11.8% 11.9% Net Gain on DA / Average total Assets 0.7% 0.7% 0.7% 0.9% 0.8% Income other than interest income on term loans/ Average total assets 1.9% 2.0% 1.5%

  43. Slide 43: Key Financial Ratios

    Key Financial Ratios Financial Updates Particulars Q2FY26 Q1FY26 Q2FY25 FY25 FY24 Profit after tax on average total assets (ROA) 3.8% 3.7% 3.4% 3.5% 3.8% Leverage (Average total assets / average Equity 3.5 4.1 4.8 4.7 4.1 or average Net worth) Profit after tax on average equity or average 13.4% 14.9

  44. Slide 44: Balance Sheet

    Balance Sheet Financial Updates Particulars (in ₹Mn) Sep’25 FY25 FY24 ASSETS Cash & cash equivalents and Other bank 13,065.7 9,382.4 8,215.1 balance Loans 1,18,061.0 1,06,487.0 81,434.4 Investments 4,012.9 3,602.4 3,788.1 Other financial assets 2,174.0 1,881.8 1,440.7 Property, plant and Equipment*

  45. Slide 45: 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

  46. Slide 46: 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

  47. Slide 47: 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

  48. Slide 48: 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

  49. Slide 49: by hometirst

    by hometirst GREEN z SPACE Cs

Home First Finance Company India — Q2 FY26 Earnings Presentation on 6ix