Home First India Finance Company delivered robust financial results for Q1 FY27, with net profit rising 34.45% to ₹160 crore compared to ₹118.89 crore in the corresponding quarter last year. The mortgage lender's operating profit also increased 33% to ₹224 crore during the same period, as reported by The Economic Times. According to Business Standard, the company's operating profit margin improved to 78.28% from 79.50% in the previous year, demonstrating enhanced operational efficiency.
The company's total income grew 19% year-on-year to ₹540 crore, driven by higher income and business growth. Assets under management expanded significantly by 26% to ₹16,938 crore, reflecting the mortgage lender's strong business momentum. According to The Economic Times, this growth demonstrates the company's ability to scale its operations effectively. As per Business Standard, sales rose 18.52% to ₹535.99 crore in Q1 FY27 compared to ₹452.22 crore in the corresponding quarter of the previous year.
Despite the strong growth, Home First maintained healthy asset quality with gross non-performing assets ratio remaining steady at 1.8%. This stable NPA ratio indicates the company's effective risk management practices and suggests controlled credit losses during the quarter, as reported by The Economic Times. The company's gross NPA ratio remained stable at 1.8% in the current quarter, demonstrating consistent asset quality management across periods.
Prabhudas Lilladher has issued a buy rating on Home First Finance Company India with a target price of ₹1,385 in its research report dated July 28, 2026. The brokerage highlighted that disbursements and AUM in Q1 saw strong growth of 31% and 26% year-on-year respectively. The research firm expects ~25% AUM growth in FY27 and anticipates FY27/FY28E NIM to be range-bound at ~6.1% with multiple levers to control cost of funds. Credit costs are likely to remain benign with an improvement to 34/32 basis points in FY27/FY28E versus 40 basis points in FY26.
