# Home First Finance Company India (HOMEFIRST) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/homefirst

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,092
- Change: -1.03%
- As of: 2026-11-06
- 1D return: -1.03%
- 5D return: +1.87%
- 1M return: +1.88%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

HOMEFIRST (₹1,092.00) is trading in a compressed range within a broader monthly downtrend, characterized by mixed signals across timeframes. The daily trend is developing but lacks conviction (ADX 22.18), with price holding above the 20-day EMA and SMA while remaining below the 50-day and 200-day moving averages. This short-term resilience contrasts sharply with the monthly structure, where an established bearish trend (ADX 38.73) and price below all major averages dominate. Weekly indicators are weak (ADX 19.61) despite a bullish Supertrend signal.

Momentum is volatile, evidenced by recent anomalies including a moderate volume surge (+1.9% return, volume ratio 3.01) on 2026-11-05 and an extreme upward gap on 2026-11-03. An active monthly Inside Bar formation suggests consolidation or potential breakout preparation. Price sits near the upper end of its 20-day range (+75.3%) but remains significantly off its available high (-26.2%). Risk metrics highlight elevated volatility (annualized +38.7%) and a current drawdown of -26.2%. Immediate resistance lies at ₹1,098.53 (0.60% above), with support at ₹1,091.40 (0.05% below). A decisive break above ₹1,098.53 could confirm short-term strength, while a drop below ₹1,091.40 may expose the stock to further downside toward ₹1,079.40.

- Trend Conflict: Daily price holds above 20-period EMAs/SMA but remains below key long-term averages (50/200 SMA); monthly trend is firmly bearish with ADX 38.73.
- Momentum & Volatility: Recent volume-price anomaly (3.01x ratio) on 2026-11-05 supports short-term activity; annualized volatility stands at +38.7% with a current drawdown of -26.2%.
- Price Positioning: Trading at ₹1,092.00, located +75.3% into the 20-day range but -26.2% from the available high; active monthly Inside Bar indicates consolidation.
- Key Levels: Immediate resistance at ₹1,098.53 (0.60% above) and support at ₹1,091.40 (0.05% below); a close above ₹1,098.53 would be required to validate short-term upside continuation.

- Inside Bar
- Outside Bar
- Shooting Star

### News Context

Home First Finance Company India reported strong operational growth for Q2 FY27, with Assets Under Management (AUM) expanding 27% year-on-year to ₹18,010 crore and Profit After Tax (PAT) rising 29.1% to ₹170 crore. The company maintained a cost-to-income ratio of 30.8% and kept Gross Stage 3 assets stable at 1.7%. Management has set a target to reach ₹20,000 crore AUM by March 2027 and announced Ms. Rinkoo Somani as the new CFO, while confirming CEO Manoj Viswanathan’s tenure until July 2028. Following the October 28 earnings call, transcripts were filed on November 3. On November 5, the company scheduled investor meetings for mid-November in Mumbai and notified a change in its Registrar and Share Transfer Agent’s address effective December 1, 2026. As of November 6, the stock closed at ₹1,092.00, reflecting a -1.0% daily return and a significant -26.2% current drawdown from recent highs.

- Q2 FY27 financials: AUM grew 27% YoY to ₹18,010 crore; PAT increased 29.1% to ₹170 crore; cost-to-income ratio improved to 30.8%; Gross Stage 3 assets remained stable at 1.7%.
- Management updates: Ms. Rinkoo Somani appointed as new CFO; CEO Manoj Viswanathan’s tenure extended to July 2028; AUM target set at ₹20,000 crore by March 2027.
- Corporate actions: Investor meetings scheduled for November 13, 16, and 17, 2026; RTA address change effective December 1, 2026.
- Market snapshot (Nov 6): Stock closed at ₹1,092.00 (-1.0%); current drawdown is -26.2%; nearest resistance at ₹1,098.53 and support at ₹1,091.40.

- Home First Finance Company India Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Home First Finance Company India Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Home First Finance Company India Limited has informed the Exchange about Change in the Corporate Office Address of Registrar and Share Transfer Agent of the Company |SUBJECT: General Updates
- Home First Finance Company India Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Home First Finance Company India Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates

### What Changed

Home First Finance Company India Limited (NSE: HOMEFIRST) has scheduled a series of investor and analyst meetings for mid-November 2026, signaling active engagement with the market. The company will participate in events hosted by ValueQuest Investment Advisors on November 13, Avendus Spark INDX on November 16, and JM Financial on November 17, all taking place in Mumbai. Officials are expected to utilize an Investor Presentation previously notified to exchanges on October 27, 2026, as a reference point during these discussions.

On the administrative front, the company’s Registrar and Share Transfer Agent, KFin Technologies Limited, is relocating its corporate office from Hyderabad to Kokapet, effective December 1, 2026. This change affects share transfer operations but does not alter the company’s registered office address. Market data as of November 6, 2026, shows the stock trading at ₹1,092.00, a slight decline from the previous recorded price of ₹1,100.00.

- Investor Meetings Scheduled: Home First Finance will hold analyst/investor meets on November 13 (ValueQuest), November 16 (Avendus Spark INDX), and November 17 (JM Financial) in Mumbai.
- Reference Material: Presentations will likely rely on the Investor Notification filed on October 27, 2026.
- RTA Address Change: KFin Technologies Limited will shift its operational office to Kokapet, Hyderabad, effective December 1, 2026; the company's registered office remains unchanged.
- Price Observation: As of November 6, 2026, the stock was quoted at ₹1,092.00, down from ₹1,100.00.

- [Home First Finance Company India Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17646_WebXMLFile_20261105_180334869.xml)
- [Home First Finance Company India Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/HOMEFIRST_05112026180643_Investor_Meet_Intimation_05112026.pdf)
- [Home First Finance Company India Limited has informed the Exchange about Change in the Corporate Office Address of Registrar and Share Transfer Agent of the Company |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/HOMEFIRST_05112026180812_Change_in_Corporate_Office.pdf)

### Official Filings

Home First Finance Company India Limited disclosed significant leadership changes and operational metrics for the quarter ended September 30, 2026 (Q2 FY27). The company reported Assets Under Management (AUM) growth of 27% year-on-year to ₹18,010 crore and Profit After Tax (PAT) growth of 29.1% to ₹170 crore. Operational efficiency improved, with the cost-to-income ratio decreasing to 30.8%, while asset quality remained stable with Gross Stage 3 at 1.7%. Management set a target to reach ₹20,000 crore AUM by March 2027.

Governance updates include the appointment of Ms. Rinkoo Somani as the new Chief Financial Officer and the confirmation that CEO Manoj Viswanathan’s tenure extends until July 2028. Additionally, Mr. Anuj Srivastava ceased to be a Non-Executive Independent Director on October 31, 2026, upon completing his five-year term. The Registrar and Share Transfer Agent, KFin Technologies Limited, will shift its corporate office address in Hyderabad effective December 1, 2026. The company has scheduled analyst and investor meetings for November 13, 16, and 17, 2026.

- Q2 FY27 Financials: AUM grew 27% YoY to ₹18,010 crore; PAT increased 29.1% to ₹170 crore; cost-to-income ratio improved to 30.8%; Gross Stage 3 NPA stood at 1.7%.
- Leadership Changes: Ms. Rinkoo Somani appointed as CFO; CEO Manoj Viswanathan’s tenure extended to July 2028; Independent Director Mr. Anuj Srivastava retired on October 31, 2026.
- Growth Target: Management aims to increase AUM to ₹20,000 crore by March 2027.
- Administrative Updates: RTA KFin Technologies Ltd. office shifting to Kokapet, Hyderabad, effective December 1, 2026; Investor/Analyst meets scheduled for November 13–17, 2026.

- [Home First Finance Company India Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17646_WebXMLFile_20261105_180334869.xml)
- [Home First Finance Company India Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/HOMEFIRST_05112026180643_Investor_Meet_Intimation_05112026.pdf)
- [Home First Finance Company India Limited has informed the Exchange about Change in the Corporate Office Address of Registrar and Share Transfer Agent of the Company |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/HOMEFIRST_05112026180812_Change_in_Corporate_Office.pdf)
- [Home First Finance Company India Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17646_WebXMLFile_20261103_135602048.xml)
- [Home First Finance Company India Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/HOMEFIRST_03112026135723_Transcript_Q2FY27.pdf)
- [Home First Finance Company India Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17646_WebXMLFile_20261102_165538292.xml)
- [Home First Finance Company India Limited has informed the Exchange about vacation of office by Independent Director upon completion of tenure |SUBJECT: Retirement](https://nsearchives.nseindia.com/corporate/HOMEFIRST_02112026165733_Vacation_of_office_of_ID.pdf)
- [Home First Finance Company India Limited has informed the Exchange about newspaper clippings of the Reviewed Financial Results for the quarter and half year ended September 30, 2026, published in the English newspaper- Mint having Nation-wide circulation and Regional (Marathi) newspaper Pratahkal on Wednesday, October 28, 2026. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/HOMEFIRST_28102026184336_Newspaper_Publication_Q2FY27.pdf)
- [Home First Finance Company India Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17646_WebXMLFile_20261028_202425566.xml)
- [Home First Finance Company India Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/HOMEFIRST_28102026202547_Homefirst-Q2FY27.pdf)

### Fundamentals

Home First Finance Company India demonstrates strong top-line and bottom-line expansion in Q2 FY2026-27, with revenue rising sequentially to ₹567 crore and net profit increasing to ₹170 crore. The company’s financing margin improved to 40% for the quarter, up from 37% in Q1, indicating effective pricing or cost management despite higher finance costs of ₹225 crore. Earnings per share (EPS) grew to ₹16.28, reflecting robust profitability relative to its small equity base of ₹21 crore.

However, the balance sheet reveals a significant shift in capital structure. Borrowings surged to ₹11,868 crore as of September 2026, up from ₹9,368 crore a year prior, while promoter holding dropped sharply to 6.97%. This dilution has been absorbed by Foreign Institutional Investors (FIIs), whose stake rose to 42.44%, and Domestic Institutional Investors (DIIs), who hold 32.94%. Cash flow remains negative, with operating cash flow at -₹1,940 crore for the year ended March 2026, suggesting the growth is debt-fueled and relies on continuous external funding. Fixed assets remain minimal (₹57 crore), consistent with an asset-light lending model.

The most critical checkpoint is whether the improving margins and loan book growth (₹14,919 crore) can sustainably offset the rising interest burden and negative free cash flow (-₹1,949 crore TTM). Investors should monitor credit quality metrics, specifically impairment trends, as the company scales its liabilities.

- Q2 FY2026-27 Net Profit reached ₹170 crore with EPS of ₹16.28; Financing Margin expanded to 40%.
- Borrowings increased to ₹11,868 crore (Sep 2026) vs ₹9,368 crore (Sep 2025); Promoter stake fell to 6.97%.
- FIIs and DIIs now hold 75.38% combined, replacing promoter ownership as the primary shareholder base.
- Operating Cash Flow remained negative at -₹1,940 crore for FY2026; Free Cash Flow was -₹1,949 crore.

### Bear Case

Technical indicators for Home First Finance Company India reflect a deteriorating medium-term trend as of 6 November 2026. The stock is trading at ₹1,092.0, below its previous close of ₹1,103.4, with the daily Supertrend signaling a bearish direction. Momentum metrics show weakness, evidenced by a negative SMA 50 slope of -10.93 and an ADX of 22.18 on the daily chart, suggesting the downtrend has some directional strength but is not yet extreme.

Performance data highlights significant underperformance over longer horizons. The stock has declined 11.0% over the past six months and 3.9% over the last year, with a Year-to-Date return of -0.8%. Volatility remains elevated, with annualized volatility at +38.7% and downside deviation at +22.6%. The stock is currently experiencing a drawdown of -26.2%, approaching its maximum historical drawdown of -38.8%, indicating heightened risk and potential instability in price action.

- Daily Supertrend is bearish with the stock at ₹1,092.0, below the previous close of ₹1,103.4.
- Six-month return is -11.0% and one-year return is -3.9%, reflecting sustained downward pressure.
- Current drawdown stands at -26.2%, nearing the maximum drawdown of -38.8%.
- Annualized volatility is high at +38.7%, with downside deviation at +22.6%, indicating elevated risk.

- [Home First Finance Company India Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17646_WebXMLFile_20261105_180334869.xml)
- [Home First Finance Company India Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/HOMEFIRST_05112026180643_Investor_Meet_Intimation_05112026.pdf)
- [Home First Finance Company India Limited has informed the Exchange about Change in the Corporate Office Address of Registrar and Share Transfer Agent of the Company |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/HOMEFIRST_05112026180812_Change_in_Corporate_Office.pdf)
- [Home First Finance Company India Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17646_WebXMLFile_20261103_135602048.xml)
- [Home First Finance Company India Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/HOMEFIRST_03112026135723_Transcript_Q2FY27.pdf)
- [Home First Finance Company India Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17646_WebXMLFile_20261102_165538292.xml)
- [Home First Finance Company India Limited has informed the Exchange about vacation of office by Independent Director upon completion of tenure |SUBJECT: Retirement](https://nsearchives.nseindia.com/corporate/HOMEFIRST_02112026165733_Vacation_of_office_of_ID.pdf)
- [Home First Finance Company India Limited has informed the Exchange about newspaper clippings of the Reviewed Financial Results for the quarter and half year ended September 30, 2026, published in the English newspaper- Mint having Nation-wide circulation and Regional (Marathi) newspaper Pratahkal on Wednesday, October 28, 2026. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/HOMEFIRST_28102026184336_Newspaper_Publication_Q2FY27.pdf)
- [Home First Finance Company India Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17646_WebXMLFile_20261028_202425566.xml)
- [Home First Finance Company India Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/HOMEFIRST_28102026202547_Homefirst-Q2FY27.pdf)

### FAQs

**What were the key financial results and operational metrics reported for Q2 FY27?**

For Q2 FY27, Home First Finance reported Assets Under Management (AUM) growth of 27% year-on-year to ₹18,010 crore and Profit After Tax (PAT) growth of 29.1% to ₹170 crore. Operational efficiency improved with a cost-to-income ratio of 30.8%, while asset quality remained stable with Gross Stage 3 at 1.7%. These figures reflect historical performance as of the October 28, 2026 conference call.

**Has management announced any leadership changes or future targets?**

Yes. The company appointed Ms. Rinkoo Somani as the new Chief Financial Officer. Additionally, CEO Manoj Viswanathan’s tenure has been extended until July 2028. Management also set a forward-looking target to reach ₹20,000 crore AUM by March 2027, which represents approximately 11% growth from the Q2 FY27 level of ₹18,010 crore.

**When are the upcoming investor meetings scheduled, and what materials will be used?**

Home First Finance is scheduled to participate in three analyst and institutional investor meets: ValueQuest on November 13, Avendus Spark INDX on November 16, and JM Financial Annual India Conference on November 17, 2026. All events are in Mumbai. Officials will utilize the latest publicly available documents, specifically the Investor Presentation uploaded to the company website and notified to exchanges on October 27, 2026.

**How has the stock performed technically over the last month and year?**

As of November 6, 2026, the stock closed at ₹1,092.00. Over the past month, the return was -1.8%, and over the past year, it declined by -3.9%. The daily technical trend is currently bearish, with the stock trading near support levels around ₹1,091.40. The annualized volatility stands at +38.7%, indicating significant price fluctuation risk.

- [Home First Finance Company India Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17646_WebXMLFile_20261105_180334869.xml)
- [Home First Finance Company India Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/HOMEFIRST_05112026180643_Investor_Meet_Intimation_05112026.pdf)
- [Home First Finance Company India Limited has informed the Exchange about Change in the Corporate Office Address of Registrar and Share Transfer Agent of the Company |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/HOMEFIRST_05112026180812_Change_in_Corporate_Office.pdf)
- [Home First Finance Company India Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17646_WebXMLFile_20261103_135602048.xml)
- [Home First Finance Company India Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/HOMEFIRST_03112026135723_Transcript_Q2FY27.pdf)
- [Home First Finance Company India Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17646_WebXMLFile_20261102_165538292.xml)
- [Home First Finance Company India Limited has informed the Exchange about vacation of office by Independent Director upon completion of tenure |SUBJECT: Retirement](https://nsearchives.nseindia.com/corporate/HOMEFIRST_02112026165733_Vacation_of_office_of_ID.pdf)
- [Home First Finance Company India Limited has informed the Exchange about newspaper clippings of the Reviewed Financial Results for the quarter and half year ended September 30, 2026, published in the English newspaper- Mint having Nation-wide circulation and Regional (Marathi) newspaper Pratahkal on Wednesday, October 28, 2026. |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/HOMEFIRST_28102026184336_Newspaper_Publication_Q2FY27.pdf)
- [Home First Finance Company India Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17646_WebXMLFile_20261028_202425566.xml)
- [Home First Finance Company India Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/HOMEFIRST_28102026202547_Homefirst-Q2FY27.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹1,108.2
- Risk regime: Price Risk Requires Attention

### Support levels
- 1019.821875
- 999.2
- 979.1375

### Resistance levels
- 1098.5261718749998
- 1128.24921875
- 1227.6750000000002

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -1.03% |
| return_10 | +8.98% |
| return_1m | -1.75% |
| return_1y | -3.87% |
| return_20 | +1.88% |
| return_3m | -8.32% |
| return_5 | +1.87% |
| return_6m | -10.97% |
| return_since_start | +4.50% |
| return_ytd | -0.80% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -38.82% |
| annualized_volatility | +38.69% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Home First Finance Company India Limited Q2 FY27: Profit rises 29% year on year

Revenue from operations increased 18.8% year on year to ₹567 crore in Q2 FY27, while profit for the period rose 29.1% to ₹170 crore. Sequentially, revenue grew 5.4% and profit 6.5%; at 30 September 2026, loans stood at ₹14,919 crore, with borrowings and equity also higher than at the previous financial year-end.

## Revenue growth led by interest earned

Interest earned rose 20.1% year on year to ₹491 crore and 6.3% from Q1 FY27. Its ₹29 crore sequential increase was broadly in line with the ₹29 crore rise in revenue from operations, which reached ₹567 crore. Revenue from operations increased in each of the four quarters from Q2 FY26 through Q2 FY27, from ₹477 crore to ₹567 crore.

Q2 FY27 revenue from operations also included ₹26.2 crore of fees and commission income, ₹12.1 crore of net gains on fair value changes, ₹35.0 crore of net gains on derecognition of financial instruments under the amortised cost category, and ₹2.3 crore of other operating revenue.

## Expenses and credit costs

Total expenses rose 3.8% sequentially to ₹345 crore, below the 5.4% increase in revenue from operations. Finance costs increased 7.8% to ₹225 crore, outpacing revenue growth. Employee benefit expense was ₹71.1 crore. Impairment on financial instruments eased 3.1% to ₹15.4 crore, while other expenses increased 6.7% to ₹28.1 crore.

## Profit and per-share earnings

Profit before tax increased 7.0% sequentially to ₹222 crore and 28.3% year on year. Tax expense rose 8.9% from Q1 FY27 to ₹52 crore. Profit for the period reached ₹170 crore, up 6.5% sequentially and 29.1% year on year.

Basic EPS was ₹16.28, compared with ₹15.31 in Q1 FY27 and ₹12.76 in Q2 FY26. Diluted EPS was ₹16.13, up from ₹15.19 and ₹12.53, respectively.

## Loan book and funding expansion

Loans stood at ₹14,919 crore on 30 September 2026, up from ₹13,133 crore on 31 March 2026 and ₹11,806 crore on 30 September 2025. Borrowings increased to ₹11,868 crore from ₹10,363 crore at 31 March 2026. Total liabilities were ₹12,520 crore, while equity rose to ₹4,665 crore from ₹4,357 crore at the previous financial year-end. The loan balance and funding base both expanded over the six months to September.

## Key Takeaway

HomeFirst delivered faster year-on-year profit growth than revenue, while loan balances expanded substantially from March. Higher finance costs and increased borrowings accompanied that expansion, making the relationship between growth, funding and costs important to monitor.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +6.97%
- FII holding: +43.90%
- DII holding: +29.83%
- Mutual fund holding: +21.80%
- Retail holding: +9.94%
- Promoter pledged: +0.00%

### Major reported shareholders

- SMALLCAP WORLD FUND, INC — +7.98%
- HDFC SMALL CAP FUND — +7.63%
- GOVERNMENT PENSION FUND GLOBAL — +5.30%
- KOTAK SMALL CAP FUND — +5.14%
- TRUE NORTH FUND V LLP — +4.72% (Bodies Corporate)
- INTERNATIONAL FINANCE CORPORATION — +3.43%
- GOLDMAN SACHS FUNDS - GOLDMAN SACHS INDIA EQUITY P — +2.52%
- AETHER (MAURITIUS) LIMITED — +2.26% (Bodies Corporate)
- FIDELITY FUNDS - INDIA FOCUS FUND — +2.21%
- FIDELITY FUNDS - ASIA EQUITY ESG FUND — +2.12%

## Official filings

- 2026-11-05 — Generic Announcement: Home First Finance Company India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17646_WebXMLFile_20261105_180334869.xml)
- 2026-11-05 — Generic Announcement: Home First Finance Company India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HOMEFIRST_05112026180643_Investor_Meet_Intimation_05112026.pdf)
- 2026-11-05 — Generic Announcement: Home First Finance Company India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HOMEFIRST_05112026180812_Change_in_Corporate_Office.pdf)
- 2026-11-03 — Generic Announcement: Home First Finance Company India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17646_WebXMLFile_20261103_135602048.xml)
- 2026-11-03 — Generic Announcement: Home First Finance Company India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HOMEFIRST_03112026135723_Transcript_Q2FY27.pdf)
- 2026-11-02 — Generic Announcement: Home First Finance Company India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17646_WebXMLFile_20261102_165538292.xml)
- 2026-11-02 — Generic Announcement: Home First Finance Company India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HOMEFIRST_02112026165733_Vacation_of_office_of_ID.pdf)
- 2026-10-28 — Generic Announcement: Home First Finance Company India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HOMEFIRST_28102026184336_Newspaper_Publication_Q2FY27.pdf)
- 2026-10-28 — Generic Announcement: Home First Finance Company India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17646_WebXMLFile_20261028_202425566.xml)
- 2026-10-28 — Generic Announcement: Home First Finance Company India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HOMEFIRST_28102026202547_Homefirst-Q2FY27.pdf)
- 2026-10-27 — Generic Announcement: Home First Finance Company India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HOMEFIRST_27102026131424_Allotment_of_ESOPs.pdf)
- 2026-10-27 — Generic Announcement: Home First Finance Company India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_17646_WebXMLFile_20261027_151411889.xml)
- 2026-10-27 — Generic Announcement: Home First Finance Company India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_17646_WebXMLFile_20261027_151321248.xml)
- 2026-10-27 — Generic Announcement: Home First Finance Company India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HOMEFIRST_27102026165818_ESOPGrant.pdf)
- 2026-10-27 — Generic Announcement: Home First Finance Company India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HOMEFIRST_27102026175410_Outcome_of_BM_merged.pdf)
- 2026-10-27 — Earnings Presentation: Home First Finance Company India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HOMEFIRST_27102026180127_Investor_Presentation.pdf)
- 2026-10-27 — Management Change: Home First Finance Company India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HOMEFIRST_27102026180540_Outcome_of_BM_merged.pdf)
- 2026-10-27 — Press Release: Home First Finance Company India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HOMEFIRST_27102026180336_Investor_Press_release.pdf)
- 2026-10-27 — Generic Announcement: Home First Finance Company India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HOMEFIRST_27102026180737_Materiality_guideline.pdf)
- 2026-10-27 — Generic Announcement: Home First Finance Company India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17646_WebXMLFile_20261027_191803739.xml)
- 2026-10-27 — Financial Results Filing: Home First Finance Company India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_NBFC_INDAS_1747208_27102026074142_WEB.xml)
- 2026-10-26 — Generic Announcement: Home First Finance Company India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_17646_WebXMLFile_20261026_102809155.xml)
- 2026-10-24 — Management Change: Home First Finance Company India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HOMEFIRST_24102026165329_HomeFirst_-_Appointment_of_ID.pdf)
- 2026-10-23 — Generic Announcement: Home First Finance Company India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_17646_WebXMLFile_20261023_134303108.xml)
- 2026-10-23 — Generic Announcement: Home First Finance Company India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HOMEFIRST_23102026134406_Concall_Intimation_-_updated.pdf)

## News and market events

- 2026-10-29 — The Hindu: **Broker’s Call: Home First Finance  (Add)** — InCred Equities maintained a high-conviction Add rating on Home First Finance Company with a target price of ₹1,500, citing healthy Q2FY27 profitability and asset quality despite a contraction in spreads. The broker noted that co-lending disbursements fell significantly as the firm adjusted its infrastructure to meet revised regulatory norms. — [Source](https://www.thehindubusinessline.com/markets/brokers-call-home-first-finance-add/article71639979.ece)
- 2026-10-29 — MONEYCONTROL: **Buy Home First Finance Company; target of Rs 1450: ICICI Securities** — ICICI Securities has issued a 'Buy' recommendation for Home First Finance Company with a price target of Rs 1450. — [Source](https://www.moneycontrol.com/news/business/buy-home-first-finance-company-target-of-rs-1450-icici-securities-3-14063492.html)
- 2026-10-29 — MONEYCONTROL: **Buy Home First Finance Company India; target of Rs 1400: Prabhudas Lilladher** — Brokerage firm Prabhudas Lilladher has issued a buy recommendation for Home First Finance Company India, setting a price target of Rs 1400. — [Source](https://www.moneycontrol.com/news/business/stocks/buy-home-first-finance-company-india-target-of-rs-1400-prabhudas-lilladher-14063231.html)
- 2026-10-27 — CNBC-TV18: **Home First Finance Q2 results: Net profit rises 29% to ₹170 crore; NII up 29%** — Home First Finance's gross non-performing asset (NPA) ratio stood at 1.74% as of September 30, 2026. Its net NPA ratio was 1.34%, while the provision coverage ratio for Stage 3 loans stood at 23.6%. — [Source](https://www.cnbctv18.com/market/home-first-finance-q2-results-share-price-net-profit-rises-29-pc-nii-up-asset-quality-cfo-20020584.htm)
- 2026-10-19 — Economic Times: **NBFC stocks in focus: Rising funding costs threaten margins despite robust loan growth and asset quality - The Economic Times** — The non-banking financial companies (NBFC) sector is set to enjoy robust earnings, thanks to strong credit demand and consistent asset quality. Nonetheless, the latter half of Financial Year 2026-27 could pose challenges with rising interest rates leading to higher funding costs. Analysts emphasize that successfully managing these costs will be key to sustaining growth, advising cautious investment in resilient NBFCs amid changing market dynamics. — [Source](https://economictimes.indiatimes.com/wealth/borrow/nbfc-stocks-in-focus-rising-funding-costs-threaten-margins-despite-robust-loan-growth-and-asset-quality/articleshow/135001385.cms)
- 2026-09-29 — The Hindu: **Broker’s Call: Home First Finance (Add)** — InCred Equities — [Source](https://www.thehindubusinessline.com/markets/brokers-call-home-first-finance-add/article71523312.ece)
- 2026-09-25 — BUSINESSTODAY: **Turtlemint, PB Fintech, Home First Finance shares crack further, slump up to 20% in early trade** — Turtlemint Fintech Solutions, Turtlemint Fintech share price, PB Fintech, Policybazaar, Paisabazaar, Home First Finance, Home First Finance share price, Irdai reforms, Irdai insurance distribution reforms, insurance commission caps, insurance distribution, bancassurance, insurance stocks, NBFC stocks, stock market today, share market today — [Source](https://www.businesstoday.in/markets/trending-stocks/story/turtlemint-pb-fintech-home-first-finance-shares-crack-further-slump-up-to-20-in-early-trade-557754-2026-09-25)
- 2026-09-24 — Economic Times: **Can IRDAI’s insurance reforms impact NBFCs? Jefferies warns L&T Finance, Piramal Finance, others are most exposed** — IRDAIs proposed insurance distribution reforms could extend beyond insurers and distributors, potentially pressuring NBFC fee income. Jefferies flagged L&T Finance, Piramal Finance and others as exposed to insurance commissions, with proposed cuts potentially affecting profitability. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/can-irdais-insurance-reforms-impact-nbfcs-jefferies-warns-lt-finance-piramal-finance-others-are-most-exposed/articleshow/134459825.cms)
- 2026-09-21 — Economic Times: **Which NBFCs will gain the most from rate hike cycle? JM Financial lists top picks** — JM Financial highlights how soaring bond yields and policy rate hikes impact Indian NBFCs. While housing finance companies like LIC Housing Finance and PNB Housing Finance stand to benefit on NIMs, vehicle and MFI lenders face headwinds. Top stock picks include Aditya Birla Capital, Piramal Finance, and CreditAccess Grameen. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/which-nbfcs-will-gain-the-most-from-rate-hike-cycle-jm-financial-lists-top-picks/articleshow/134386955.cms)
- 2026-09-17 — BUSINESS: **Home First Finance Company India allots 3,681 equity shares under ESOP** — The paid-up share capital of the company has accordingly increased from Rs. 20,91,18,922 consisting of 10,45,59,461 equity shares having a face value of Rs. 2/- each to Rs 20,91,26,284 consisting of 10,45,63,142 equity shares having a face value of Rs. 2/- each. — [Source](https://www.business-standard.com/markets/capital-market-news/home-first-finance-company-india-allots-3-681-equity-shares-under-esop-126091700287_1.html)
- 2026-08-27 — Economic Times: **PNB Housing outshines peers on strong loan growth** — PNB Housing Finance shares have seen significant gains this year.  The company is focusing on affordable and emerging housing segments.  This strategic shift aims to improve its valuation and return ratios.  Disbursements and net profit are expected to grow robustly in coming years.  Stable asset quality and new financing initiatives support future growth. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/pnb-housing-outshines-peers-on-strong-loan-growth/articleshow/133553609.cms)
- 2026-08-18 — CNBC-TV18: **Home First Finance Company to consider ₹150 crore NCD issue on August 21** — Shares of Home First Finance Company India Ltd ended at ₹1,181.40, up by ₹2.50, or 0.21%, on the BSE. — [Source](https://www.cnbctv18.com/market/stocks/home-first-finance-company-share-price-to-consider-rs-150-crore-ncd-issue-on-august-21-19972035.htm)
- 2026-07-30 — BUSINESSTODAY: **Can Fin Homes can hit Rs 870-880; buy Home First on dips, says Angel One's Osho Krishan** — Can Fin Homes, Home First Finance, housing finance stocks, Can Fin Homes share price outlook, Home First Finance share price outlook, Osho Krishan, Angel One analyst, stock market technical analysis, medium term stock picks, housing finance sector India, Can Fin Homes support level, Home First Finance accumulation zone, best housing finance stock, Indian stock market today, Bank Nifty outlook, financial stocks India, technical pullback stocks, staggered accumulation strategy, Daily Calls Business Today, six month stock outlook — [Source](https://www.businesstoday.in/markets/story/can-fin-homes-can-hit-rs-870-880-buy-home-first-on-dips-says-angel-ones-osho-krishan-546301-2026-07-30)
- 2026-07-28 — CNBC-TV18: **Q1 Results LIVE Updates: Ambuja Cements reports earnings; Radico Khaitan net profit rises 76%** — Q1 Results LIVE Updates: Two Nifty 50 leaders, Larsen & Toubro and Hindustan Unilever (HUL) will be reporting results today along with broader market names like Ambuja Cements, Suzlon Energy, Varun Beverages, Cholamandalam, Radico Khaitan and many others. BEL, Coal India, Home First Finance, Indus Towers, Coforge and others will be reacting to their results today. Watch this space for all the LIVE earnings updates. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-hul-larsen-suzlon-varun-bev-bel-coal-india-netweb-ambuja-birlasoft-supreme-indus-tata-power-chemicals-share-price-liveblog-19955220.htm)
- 2026-07-27 — Economic Times: **Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth** — Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income. The lender also posted improved margins, stronger asset quality and robust growth in advances and deposits. — [Source](https://economictimes.indiatimes.com/markets/stocks/earnings/tamilnad-mercantile-bank-q1-profit-jumps-35-on-strong-income-growth/articleshow/132662506.cms)
- 2026-07-21 — The Hindu: **Stock Market Today Live, July 21: Stock to buy today: Home First Finance Company India (₹1,271) – BUY** — Sensex Today, Nifty 50 | Stock Market Live Updates - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 21st May 2026. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-21st-may-2026/article71245381.ece)
- 2026-07-21 — The Hindu: **Stock to buy today: Home First Finance Company India (₹1,271) – BUY** — Buy Home First Finance Company shares at ₹1,271, targeting ₹1,400 with strong support at ₹1,200. — [Source](https://www.thehindubusinessline.com/portfolio/technical-analysis/stock-to-buy-today-home-first-finance-company-india-1271-buy/article71245011.ece)

## Business profile

**Strategic vision:** Provides affordable housing finance solutions across India.

### Business segments
- **Housing Finance:** Offers a range of loan products including home loans, self-construction loans, mortgage loans, shop loans, and renovation loans, primarily focusing on the affordable housing segment.

### Competitive strengths
- Efficient turnaround time for loan processing.
- Conservative lending approach with low loan-to-value ratios.
- Focus on asset quality.

## Related stocks

- [Aadhar Housing Finance Limited (Financial Services)](https://faxioms.com/stocks/aadharhfc) — -1.72%
- [Aavas Financiers Limited (Financial Services)](https://faxioms.com/stocks/aavas) — +0.08%
- [Aptus Value Housing Finance India Limited (Financial Services)](https://faxioms.com/stocks/aptus) — -2.68%
- [Computer Age Management Services Limited (Financial Services)](https://faxioms.com/stocks/cams) — -0.47%
- [Can Fin Homes Limited (Financial Services)](https://faxioms.com/stocks/canfinhome) — +0.73%

## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/homefirst
Markdown representation: https://faxioms.com/stocks/homefirst?render=md