HomeFirst Q1 FY27: Growth Stays Fast, Asset Quality Stays Flat

AUM was INR 16,938 crore (+25.7% YoY, +6.7% QoQ), disbursements were INR 1,628 crore (+31.0% YoY), and PAT was about INR 160 crore (+34.5% YoY, +7.0% QoQ).

Asset quality was stable: Gross Stage 3 (GNPA) was 1.8% of POS, 30+ DPD was 3.2%, and 1+ DPD was 4.7%, all reported as flat sequentially.

The presentation reported spread excluding co-lending at 5.3% in Q1 FY27. Management reiterated a long-term spread target of 5.0% to 5.25% and said pricing would be adjusted to changes in borrowing costs.

Management indicated operating cost to assets is expected to remain range bound within 2.6% to 2.7% while the company continues to invest for growth.

Management said it operationalized an in-house AI-orchestrated omnichannel customer communications platform called Cue and deployed bureau analysis and contextual bank statement models in production, with other AI initiatives in pilot.

Management reported Q1 FY27 co-lending disbursements of INR 46 crore and stated the co-lending book was INR 617 crore, 3.6% of AUM as of Jun 2026, with process-related hiccups being addressed.

Yes. Management stated the CFO, Nutan Gaba Patwari, will step down from executive responsibilities effective Aug 31, 2026, and the Board is evaluating candidates for the CFO appointment.