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Home First Finance Company Investor Presentation Q3FY26
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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 or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. This presentation includes a number of forward-looking statements regarding the Company's future business prospects and profitability, which are subject to a number of risks and uncertainties, and the actual results may significantly differ from those in the forward-looking statements. Risks and uncertainties related to these statements include fluctuations in earnings, our capacity to manage growth, competition, economic growth in India and abroad, ability to attract and retain highly skilled professionals, government policies and actions. The Company does not commit to making any announcement or update any forward-looking statements made by or on behalf of the Company at any time. 2 Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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Executive Summary | Q3FY26 Q3FY26 Highlights 3 Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd. Assets Under Management (AUM) Spread(1) Profit After Tax (PAT) Disbursement Opex to Assets Return On Assets (ROA) Gross Stage 3 / POS (GNPA) DPD 30+ / POS Return On Equity (ROE) (2) y-o-y q-o-q ₹13,184 Mn 5.4% 2.7% (2.6%) 4.0% (4.1%) 13.7% (13.9%)₹1,402 Mn 3.7% 2.0% +5.3% +20 bps +24.9% +10.5% 2.2% +30 bps +10 bps +10 bps +10 bps +60 bps 0 bps +60 bps +20 bps -290 bps +30 bps+44.0% +6.3% +10 bps (1) As per IGAAP. Excludes Co-lending (2) Pre-money ROE (adjusted for QIP) for Q3FY26 – 17.1% (3) Ratios in the bracket are excluding the one time impact of gratuity provision of Rs. 33 million ₹1,49,249 Mn
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MD & CEO Commentary on Q3 FY26 MD Commentary 4 Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd. Manoj Viswanathan Chief Executive Officer “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 financial performance for Q3FY26, which reflects a strong business momentum, robust profitability along and a stable asset quality with improving early delinquencies. This quarter the company continued to grow disbursements and originations as we progress out of a challenging credit cycle. In this quarter, disbursement grew by 10.5% YoY, to an all time high of ₹ 1,318 Cr, resulting in an AUM of ₹ 14,925 Cr with a growth of 24.9% YoY. We further expanded our network, adding 2 branches and 2 touch points, taking our total branch count to 165 and touchpoints to 368. We also delivered a very strong operating performance – Profit after Tax grew by 44.0% YoY to ₹140 Cr supported by Net Total Income growth of 34.8% YoY to ₹290 Cr; RoA and RoE stood at 4.0% and 13.7% respectively. Pre money ROE was at 17.1% Provisions arising from the implementation of new labour codes have been recorded and these one-time expenses have impacted opex and earnings of Q3FY26. If we exclude the labour codes adjustments, the earnings growth in Q3FY26 has improved by 46.6% y-o-y and 8.3% q-o-q. Our asset quality remains healthy and stable: ▪ 1+ DPD is at 5.3% (down by 20 bps on q-o-q). ▪ 30+ DPD at 3.7% (flat on q-o-q). ▪ Gross Stage 3 (GNPA) is at 2.0% (up by 10 bps on q-o-q). ▪ Our credit cost is at 40 bps (flat on q-o-q basis). We continue to maintain a credit cost guidance of 30 to 40 bps, ensuring disciplined risk management even as we scale. We are equally committed to responsible growth. Under our Green Homes initiative, we certified 70 additional homes in the quarter, taking the cumulative count to 310 as of December. As we approach FY27, we are geared for a 25% AUM growth YoY led by distribution and use of technology, backed by diversified funding and strong risk management. At HomeFirst, we are positioned to leverage the opportunities with our strong fundamentals, disciplined execution, and prudent risk management. As we look ahead, our commitment is clear: to build an institution that is agile, inclusive and resilient with the ability to thrive across economic cycles.”
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HomeFirst – Who are We? 5 Corporate Information 46 S&P Global ESG Score 13.6 ESG Risk Score (Categorizing under ‘‘Low Risk Strong Management’) #Morningstar Sustainalytics # 165 Branches 368 Touchpoints 143 Districts 13 States / UT 1,33,702 Customers 90% Loans Approved within 48hrs 32Lenders Diversified Funding Source ₹43,570 Mn Liquidity buffer as on Dec’25Assets Under Management (Dec’25) ₹1,49,249 Mn AA Credit rating ▪ 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 income of < Rs 50,000 p.m. 83% of AUM comprises housing loans with an average ticket size of Rs 1.19 Mn. ▪ Strong liquidity pipeline with positive ALM and zero exposure to commercial papers. AA rated entity with a diversified lender base of 32 banks and financial institutions. ▪ Data science backed centralized underwriting integrated with Account Aggregator. Proprietary customer scoring models supported by digital data sources. ▪ Strong culture of continuous learning, innovation and improvement in productivity. Young, empowered employees with a customer centric mindset. 1706 employees with a median age of 26 years. Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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20 200 690 1,629 3,368 5,477 8,473 13,559 24,436 36,183 41,411 53,803 71,980 96,978 1,27,127 1,49,249 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 9MFY26 AA-(+ve) Early Days and Proof of Concept Our Journey 6 Corporate Information Consolidation Note:AUM in INR Million (1) Aether has co-invested with TrueNorth. Waverly owns 100%of Aether Class B Shares. Waverly is a wholly-owned indirect subsidiary of GIC (Ventures)Pte. Ltd (2) Investmentby Orange Clove InvestmentsB.V (an affiliateof Warburg Pincus).Warburg Investedon 1stOctober 2020 Incorporation SeriesA Started Operations in Gujarat and Tamil Nadu Alpha TC Holdings Private Limited (Tata Capital) 1,000 customers SeriesB Became Profitable 5,000 customers 10,000 Customers Spread across 25+ cities True North acquires majority stake GIC Co-investment with True North (1) Net worth crosses ₹5,000 Mn. 30,000+ customers AUM crosses ₹35 bn. We got listed Warburg Pincus invested in the company (2) 60,000+ sanctions AUM crosses ₹50 bn. AA-AA- CARE Rating BBB- BBB+ CARE / ICRA Rating A- A+ AUMAUM SeriesC 100+ Physical Branches 1,00,000+ Customers Scaling Up Expansion India Ratings ICRA / CARE Rating AUM crosses ₹75 bn. India Ratings ₹1,49,249 Mn Assets Under Management Scalable operating model AUM crosses ₹120 bn. 150+ Physical Branches Raised ₹1,250 Cr through QIP AA ICRA / CARE / India Ratings Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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Promoter & Promoter Group % Holding True North Fund V LLP 7.5 Aether (Mauritius) Limited (GIC)^ 4.9 MFs, AIFs & Insurance Companies % Holding* HDFC Mutual Fund 6.5 Kotak Mutual Fund 4.8 Invesco India Mutual Fund 2.5 HSBC Mutual Fund 1.6 ValueQuest AIF 1.3 Aditya Birla Sunlife Mutual Fund 1.3 Canara Robeco Mutual Fund 1.1 Tata AIG General 1.1 HDFC Life 0.9 Sundaram Mutual Fund 0.8 ICICI Lombard 0.8 Mirae Mutual Fund 0.8 Edelweiss Mutual Fund 0.7 ICICI Pru Life 0.5 FIIs & FPIs % Holding* Capital Group 7.7 Fidelity International 7.6 Norges Bank Investment Management 5.1 Vanguard Group 3.5 International Finance Corporation 3.5 Goldman Sachs India Equity 3.2 BlackRock Global 1.6 WhiteOak Capital Management 1.4 Eastspring Investments 1.3 Lion Global Investors 1.3 Kuwait Investment Authority 0.7 Envision India Fund 0.6 Barings LLC 0.6 Driehaus Capital Management 0.5 Schroders Investment Management 0.5 Shareholding as on 16 Jan’26 7 Corporate Information 7.5% 4.9% 27.1% 44.4% 16.1% True North Fund V LLP Aether (Mauritius) Limited (GIC)^ MFs, AIFs & Insurance Cos. FIIs & FPIs Public & Others No. of Shareholders 85,458 ^Waverly owns 100%of Aether Class B Shares.Waverlyis a wholly-owned indirect subsidiary of GIC (Ventures)Pte. Ltd Total ESOPs in force (as % of total paid-up capital) – Dec’25: 3.5% (Mar’25: 4.3%) * Holding through various schemes and funds including advisory mandates Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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Manoj Viswanathan Managing Director and CEO Distinguished Board of Directors 8 Leadership Current: Independent Director at Wipro Past: MD of HDFC Ltd. and MD & CEO of HDFC Life Insurance Company Ltd. Current: Partner at True North Past: McKinsey & Company, ANZ Grindlays Bank, Co- founded E- Medlife.com Current: Independent Director at Equitas SFB, Niva Bupa Health Insurance, ELDECO Infrastructure and Properties Past: Head of growth initiatives at Dell Foundation, Director at Ujjivan Financial Services, Jana SFB and others Current: Founder and Chairman of Livspace Past: Google (Google Wallet, Google Adsense, Google Local, Google Adwords) Current: Founder and CEO of Kaleidofin Past: Co-founded- Dvara group, Co- founded- Northern Arc Capital, Investment banker at Morgan Stanley & Deutsche Bank Current: Founder & MD and CEO HomeFirst Past: Asian Paints Limited, Citibank, CitiFinancial Consumer Finance India Limited Deepak Satwalekar Chairman / Independent / Non-Executive Director Geeta Dutta Goel Independent / Non-Executive Director Anuj Srivastava Independent / Non-Executive Director Sucharita Mukherjee Independent / Non-Executive Director Sriram Hariharan Independent / Non-Executive Director Divya Sehgal Nominee / Non-Executive Director Past: President and Chief Executive Officer of ICICI Bank Canada, ICICI Bank Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd. Current: Independent Director at The Supreme Industries Limited
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Experienced Management Team 9 Leadership Education: B-Tech and PGDM T.A. Pai Management Institute Experience: IDFC Bank, Sterlite Technologies Limited Ramakrishna Vyamajala Chief Human Resource Officer 7 19 Rupesh Mehta Head of Technology Education: B.E (Electronics) and MBA, Welingkar Institute of Management Experience: Fidelity Investments, Bankbazaar 1 18 Education: B-Tech Nagpur University and MBA ICFAI Business School Experience: Kotak Mahindra Bank, Citibank Gaurav Mohta Chief Marketing Officer 14 22 Ajay Khetan Dy. Chief Executive Officer and Chief Business Officer Education: MNNIT Allahabad and PGDM XIM-B Experience: Citibank, Macquarie Finance (India), Hewlett Packard Financial Services (India) 13 25 Education: B Com Goenka College, Chartered Accountant Experience: True North, Hindustan Unilever Limited, ITC Limited, Philip Morris Asia Limited Nutan Gaba Patwari Chief Financial Officer 7 18 Education: Chartered Accountant Experience: KPMG, State Bank of India, Kotak Securities 3 20 Ashishkumar Darji Chief Risk Officer Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd. Manoj Viswanathan Chief Executive Officer Education: B-Tech BITS, Pilani and PGDM XLRI Experience: Asian Paints, Citibank, CitiFinancial Consumer Finance India Limited 15 27 Years at HomeFirst Total years of experience
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Meet Our Customers 10 Corporate Information Self Employed Customer 3 Age:27 / Location: Indore Applicant is a welder at a local factory with a monthly family income of ₹22,404 Applicant is a machine operator for last 15 years with a monthly family income of ₹40,000 Garment supplier running her own business with a monthly income of ₹25,000 32% Self Employed What is their story? Who are they? Formal Salaried Customer 1 Age:34 / Location: Ankleshwar 68% Salaried Informal Salaried Customer 2 Age:42 / Location: Ahmedabad ▪ His current salary is ₹17,124 p.m. credited in his bank. ▪ His wife (co-app) works as a tailor with assessed income of ₹5,280 p.m. ▪ Assessment based on total income (formal salary + additional family income) unlike traditional financiers. ▪ Home Loan sanctioned: ₹10L at RoI of 12.25% and EMI of ₹ 11,186. First disbursal in Mar’25. ▪ Current status: Standard. ▪ Self-employed in garments trading with assessed income of ₹25,000 p.m. ▪ Being a single mother, she aspires to have a more stable life, with her two children in their own space. ▪ Assessment based on actual total income (cash receipts and expenses), unlike traditional financiers. ▪ Home Loan sanctioned: ₹10L at RoI of 12.75% and EMI of ₹11,653. First disbursal in Dec’18. ▪ Current Status: Standard. ▪ Both applicant and co-applicant have cash salary. Applicant – cash salary of ₹28,000 p.m. ▪ His wife (co-app) is a teacher for last 7 years; takes tuition classes – cash salary of ₹12,000. ▪ Informal sources of income made it challenging for traditional lenders to find the correct loan eligibility for them. ▪ Home Loan sanctioned: ₹12.25L at RoI of 12.35% and EMI of ₹13,578. First Disbursal in Jul’23. ▪ Current Status: Standard. Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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Our Unique Value Proposition to Our Customers 11 Corporate Information ▪ Salaried and self-employed individuals ▪ 70%+ Customers with annual household income level less than ₹0.6 mn comprising 60% of AUM ▪ First time home buyers ▪ 18% customers are new to credit contributing to 13% of AUM ▪ Home loan requirement primarily in the ₹0.5 -1.5 mn range (1) ▪ Access to formal housing finance ▪ Minimal disruption to daily work routine ▪ Inability to meet documentation requirements of traditional lenders ▪ Time consuming loan sanction process ▪ Dealing with middle men ▪ Understanding customer’s needs via well educated & trained RMs ▪ Right-size the loan through a holistic evaluation of all formal/informal sources of income ▪ Alternative documents (Life insurance policies, property deeds etc.) used for evaluation ▪ 48 Hr Turn Around Time for Approval ▪ Centralised & consistent underwriting ▪ Mobility solutions for our customers, employees and sales channels for quick and efficient processes and service ▪ Mandatory counselling sessions for customers on loan and insurance terms ▪ Digital access to loan documents for the customer ▪ No prepayment charges and easy prepayment options ▪ Home visits coupled with paperless process to ensure minimal disruption to daily customer routine ▪ Dedicated Service Manager for every customer ▪ Customer app for easy access to loan statements, prepayments and raising service requests Note: Data for the period Q3FY26 (1) ~48% loans with Average ticket size between INR 0.5 -1.5mn as of Dec’25 82 For Q3FY26 Who are our customers What challenges do they face Access Transparency Service What do our customers need NPS Speed Our Value Proposition Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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Distribution Strategy 12 Corporate Information 0 - 4 4-7 7 - 15 Contribution to India'sGDP FY’2 4 ( %) Physical branches - 165 Proposed branches - 65 Digital branches - 138 368 Touchpoints Note:Source for Contribution of states to India'sGDP: NSO,MOSPI Touchpoints 143 13 368 States/UTDistrictsBranches 165 Pan India Distribution driven by strategic market selection & contiguous expansion States/Territories Number of Percentage of gross loan assets as on Branches Districts Dec’25 Dec’24 Mar’25 Mar’24 Gujarat 37 23 28.5% 29.2% 28.9% 31.2% Maharashtra 30 20 14.8% 13.6% 13.9% 13.3% Tamil Nadu 24 25 11.6% 13.4% 13.0% 14.0% Madhya Pradesh 17 12 9.7% 7.6% 8.2% 6.2% Telangana 10 14 8.1% 8.6% 8.5% 8.9% Rajasthan 12 9 6.4% 6.2% 6.2% 5.9% Uttar Pradesh & Uttarakhand 8 13 6.2% 6.7% 6.5% 6.1% Karnataka 8 7 6.0% 6.4% 6.3% 6.8% Andhra Pradesh 12 12 5.6% 5.4% 5.5% 4.8% Chhattisgarh 4 5 2.2% 2.0% 2.1% 1.9% Haryana & NCR 3 3 0.9% 0.9% 0.9% 0.9% Total 165 143 100.0% 100.0% 100.0% 100.0% Geographic Expansion States/UT include states/UT from where we source loans irrespective of physical presence of a branch in those states/UT Disclaimer :Map not to scale.All data,information and maps are provided “as is” without warranty or any representationof accuracy,timelinessor completeness Business commenced in 2 new physical branches Gujarat Maharashtra Rajasthan Madhya Pradesh Haryana & NCR Uttarakhand Uttar Pradesh Karnataka Tamil Nadu Andhra Pradesh Telangana Chhattisgarh Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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Omni Channel Lead Generation Strategy 13 Corporate Information 76.7% 10.5% 2.0%3.2%2.6%1.5%0.6%2.9%0.0% ConnectorsBuilder Ecosystem ReferralsMarketingMicro Connector Construction Community Digital Marketing Digital Partnerships Construction Alliances Diversified channels for generating leads such as connectors, builder ecosystem,digital, etc. 100% in-house conversion by HomeFirst RMs. …effectively managed via connector app Scan and Download Diversified lead generation channels | Q3 FY26 86.4% connectors registered on the Connector App Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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37% 43% 20% Less than 50% 50-80% Above 80% 28% 41% 31% Less than 50% 50-80% Above 80% Data Science Backed Centralised Underwriting 14 Corporate Information Dec’25 Dec’25 55.3% Dec’25 47.7% Loans Approved within 48hrs 90% Risk Management Design Tech-Led Centralised For Q3FY26 Low Under Construction Risk LTV on Origination Low effective LTV on book ▪ Salaried customers ▪ Build detailed understanding of customer via field visits by RM ▪ In-depth understanding of operating geographies and property types ▪ Low under construction exposure and low LTV ▪ 100+ data points & digitally captured data for all customers ▪ API integration with third party independent sources like Hunter, Perfios etc. ▪ All customer related and internal communication, videos, photographs, documents available on a single cloud based system ▪ Consistency in underwriting ▪ Integrated Customer Relationship Management and Loan Management System on cloud based platform ▪ Proprietary Machine learning & Customer scoring models used for credit decision Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd. 87% 13% EMI Pre-EMI
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15 ▪ 100% Cloud-Based Architecture: India-based cloud data centers ensuring scalability, reliability, and seamless business continuity ▪ Scalable Microservices Architecture: Modular integration layer designed for agility, scalability, and rapid innovation ▪ CDC-enabled streaming architecture: Near real-time replication of all data sources into Data Lake ▪ Advanced Machine Learning & AI: Empowers users with AI/ML outputs boosting productivity Integrated Services ML/AIData AnalyticsTech Infra ▪ Unified Platform: Seamless integration of CRM and Loan Management Systems for end-to-end efficiency ▪ Intelligent Infrastructure Monitoring: Proactive tracking and alerts ensuring smooth and stable system performance ▪ Modern DevOps Pipeline: CI/CD-enabled automated deployments for faster, secure and reliable releases ▪ Seamless API Integrations: Real-time connectivity with third-party service providers like Karza, Perfios, Digitap, Digilocker, etc. ▪ Automated Digital Onboarding: Integrated with Credit Bureaus, Account Aggregators, e-signing, and e-stamping ▪ Multichannel Communication: Integrated platform for automated calls, SMS, and real-time customer notifications ▪ Data Analytics: Tableau BI & open-source visualization helps optimize data accessibility and reduce long-term infrastructure and licensing costs ▪ Real-time dashboards: Role- based dashboard visibility for quicker and smarter decisions at all levels ▪ Strong data modeling pipeline: Structured & scalable data workflows with Spark-powered ETL pipelines to handle large-scale transformations and modeling ▪ Integrated Approach to Risk, Operations, and Service: It facilitates deeper risk insights, better operational efficiency along with improved customer servicing ▪ AutoML pipelines: Rapid experimentation and deployment of new models with minimal manual intervention ▪ Modular architecture: Enables rapid deployment of models across risk, operations, and customer lifecycle use cases Scalable Operating Model built on Holistic Technology Usage Corporate Information Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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In-house AI Conversational Platform Treasury Management SystemDocument Management System 16 ▪ To enhance operational efficiency and reduce costs, Home First has developed an enterprise-grade Document Management System (DMS) that enables secure, structured, and scalable document management. ▪ It features structured categorization with standardized naming conventions for easy retrieval with AWS-backed scalable, cost-effective storage. ▪ The system handles high volumes with robust security, tracking, and safe archival for optimal storage and performance. ▪ Omni-channel Conversational AI platform: Enables customer conversations across Voice, Whatsapp, SMS, Email etc. ▪ Generative AI integration & converses in 7 Indian Languages: Customer conversation from Lead qualification to resolving queries. ▪ It seamlessly facilitates conversational business flows and actionable insights through advanced transcription and analytics. ▪ HomeFirst has developed an In-house Treasury Management System to improve liquidity risk management, automate manual processes, and enhance regulatory compliance ▪ The system serves as a centralized record-keeping platform with configurable workflows, approvals, and real-time visibility into asset and liability positions. ▪ The implementation of this system also enables advanced cash flow forecasting and scenario analysis to manage funding requirements, optimize returns, and minimize idle cash. Proprietary In-house Applications Corporate Information Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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Digital Adoption 17 Corporate Information 48% 46% 46% 46% 44% Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 88% 88% 88% 87% 85% Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Note: Service requests raised are a count of unique requests made by the customers on the app. 97% 97% 97% 98% 98% Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 96% 96% 96% 96% 96% Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 % Customers registered on App Unique user logins as % of active customers % of Service Requests raised on App % Non -cash collections 4.3 1m 41 sec Average payment per user on app No of Payments via Customer App For Q3FY26 For Q3FY26 ₹43,058 28,291 Source: HomeFirst App Database Customer Rating on Google Playstore As of 13 Jan’26 Avg time spent by user on the app per session For Q3FY26 Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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Building the Brand HomeFirst 18 Corporate Information Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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ESG at HomeFirst Putting sustainability at core of operations
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Commitment to ESG 20 ESG The Company understands the growing importance of ESG and has adopted a Board approved ESG Policy An ESG Execution Team with management team participation has been created to ensure implementation of the ESG Policy 12 areas have been identified for immediate focus. Parameters for measurement and metrics for various ESG focus areas are being developed The company has published Business Sustainability & Responsibility Report (BRSR) as part of Integrated Annual Report for FY24-25. Comprehensive Policy & Governance Mechanism Robust Implementation Process Monitoring and Review Mechanism External Reporting ESG FRAMEWORK Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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Digital Processes from start to finish to reduce Carbon Footprint 21 ESG Google rating of Homefirst RM Pro App Customer App Connector App RM Pro App Google rating of Homefirst Customer App 4.3 Google rating of Homefirst Connect App 4.7 4.4 Operational Eco-efficiency & Climate Resilience HomeFirst has a deeply ingrained Ideology of all processes being paperless across the product cycle. Implemented Electronic processes even for traditional activities such as • Capturing KYC documents • Agreements signed digitally (85% of total in Q3FY26) • E-Stamping (55% of total in Q3FY26) • E-NACH mandates (80% of total in Q3FY26) This results in saving of paper, time and energy. Mobile apps • Provided to customers, employees and connectors. • This has helped cut down on branch visits, thereby saving time, fuel as well as energy. Other initiatives helped reduce use of electricity • Cloud based loan management system and CRM. • Open office structure in Head Office & Branches. More information on our tech stack from slides 15 to 17. Green Operations As of 13 Jan’26 As of 13 Jan’26 As of 13 Jan’26 Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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Project Sashakt : 8,500+ families touched Skilling & Employment | Education & Development | Health Initiatives | Financial Literacy With the aim of empowering people to live better, we believe that the holistic development of the family is essential • Skilling: A total of 374 individuals were certified in four trades through the Sashakt Skilling Centres at Narol and Naroda. • Education: A total of 320 science projects were executed, with 1,046 students participating across school-level science fairs conducted in Narol and Naroda. Additionally, an inter-school science competition was organized to assess students’ science competencies, with 1,200 students from different schools participating. • Health: 23 OPD camps were organized across Narol and Naroda, providing healthcare services to 2,298 individuals through weekly consultations. • Financial Literacy: Financial literacy sessions were conducted, and 2,311 beneficiaries were covered through both awareness sessions and linkage to government welfare schemes. Progress on Social Development 22 ESG Responsibility towards community Responsibility towards employees Employment & Labour Practices Employee Training and Development Human Rights, Health & Safety Employee Development and Wellbeing: We have conducted programs for Financial, Emotional and Physical wellness for our employees. Formal talent pipeline development strategy. During the period Q3FY26, 4,700+ manhours of training was provided to employees though various courses Adopted policies for creating a safe and conducive as well as inclusive work environment for its employees: • HR Policy • Equal Opportunity Policy • Parental Leave Policy This is reflected in the diverse employee base consisting of • 30% women overall • 47% women at head office • 14% women in senior management Employee Ownership As of 31 Dec’25, 269 employees are covered under ESOP programs – comprising of 15.8% of employee base Minaxi trained in Sashakt tailoring, started home- based stitching, earning ₹12,000–13,000 monthly, supporting children, gaining confidence, respect, and financial independence Bhamini Chauhan completed Sashakt Tally GST course, now works in hospital billing department, earning ₹12,000 monthly, achieving confidence, self- reliance, and financial independence. Nisha trained in Sashakt Beauty Wellness, selected at Diva Salon, gained advanced skills, now works independently from home, earned ₹7,000, confidently supporting her family. Minaxi Jayeshbhai Sashakt Beneficiary Tailoring Nisha Thakor Sashakt Beneficiary Beauty Wellness Bhamini Chauhan Sashakt Beneficiary Tally GST Sejal trained in Sashakt Beauty & Wellness, selected at Diva Salon, gained advanced skills, and earned ₹17,140, achieving confidence, self- respect, and financial independence. Sejal Gupta Sashakt Beneficiary Diva Salon Sashakt Stories Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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Progress on Social Development 23 ESG Sustainable Finance • Funds approved from DFC to support women borrowers for financing affordable housing. U.S. International Development Finance Corporation (DFC) Board of Directors approved a $75 million loan to HomeFirst to support affordable housing mortgage loans to women low-income borrowers. Link • Funds raised from IFC to finance affordable housing and green housing. HomeFirst raised Rs 280 crores from International Finance Corp (IFC) through up to 7-year debt (link). Under this partnership, HomeFirst is promoting energy efficient Green Homes; 310 Green Homes have been certified as of Dec’25. Customer Satisfaction • Customer focus: Playing a key role in Financial inclusion by facilitating affordable home loans and empowering women borrowers. • EWS and LIG customers account for ~60% of AUM. • Feature rich mobile apps to provide seamless service and to track NPS score as a feedback mechanism. Our NPS score for Q3FY26 is 82. • Prepayment facility provided on the Customer App to “nudge” customers towards prudent finance management. • 96% of active customers are registered on HomeFirst Customer Portal App. Android Rating is 4.3 (13 Jan’26). • Throughout the duration of PMAY programme, a total of 38,507 customers were assisted with the PMAY subsidy benefit from NHB, amounting to cumulative credit of Rs. 966.4 Cr to their account. This has helped reduce ~26% of Loan Amount for those customers. In continuation of our commitment towards the PMAY initiative, we have begun assisting our customers under PMAY (U) 2.0, with the first batch receiving approvals in Jun'25. • Grievance Redressal Policy is in place to receive and respond to customer complaints. Link: https://homefirstindia.com/policy/complaints-grievances/ Responsibility towards customers ESG Initiatives • The company published its Sustainability Report for the year FY24-25 as part of its Integrated Annual Report. Link: https://homefirstindia.com/files/Business Responsibility and Sustainability Report.pdf. • The Company received a Certificate of Merit in PMAY Empowering India Awards 2022 • Enhanced training measures by implementing training sessions for Prevention of Sexual Harassment (POSH) and Human Safety MorningStar Sustainalytics ESG Risk Rating of 13.6, Low Risk and Strong rating for ESG Risk Management. Link S&P Global ESG score of 46. Link ESG Risk Rating - Leading ESG score in the BFSI Industry in India. Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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Strong Governance Structure 24 ESG Sustainable Finance • Company has Code of Conduct for its employees which has operational guidelines. Link • We have a code of conduct for our connectors Link • Continuous training and communication on Whistle Blower and POSH (Prevention of Sexual Harassment) We promote Financial Inclusion. We have customers belonging to EWS and LIG categories which account for 60% of our book size. Overall, ~90% loans have woman as borrower • Primary applicant in 13% of AUM • Atleast 1 woman co-borrower in 80% of AUM Corporate Governance • Core competencies of Independent Directors directly relevant to company’s operations. • Diverse Board, Senior management and employee base. The Company has also adopted the following policies to ensure ethical, transparent and accountable conduct: • Customer Grievance Policy (Link) • Code of Conduct for the Board of Directors and Senior Management Personnel (Link) • Fair Practice Code (Link) • Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (Link) • Policy on Prevention of Sexual harassment (Link) • Vigil Mechanism and Whistle blower (Link) • Know Your Customer (KYC) and Anti Money Laundering Measures Policy (Link) • Internal Guidelines on Corporate Governance (Link) Work Sustainably & Ethically Governance at core Code of Conduct and Business ethics Separate Chairman & Managing Director position Experienced Board & Management with diversified expertise across Technology, Financial Inclusion & Risk Management 6 of 7 Directors are non-executive 5 of 7 Independent Directors 2 of 7 Woman Directors Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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Strong Governance Practice 25 ESG 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 its subcommittees including the Audit Committee, the Asset Liability Management Committee and the Risk Management Committee. • “Risk Management Committee” meetings on matters including Operational, Risk oversight, fraud prevention and control. Clean Track Record • NO Defaults. • NO Auditor qualification. • NO Re-statements of financials. • NO Allegations of financial imprudence. • Implemented 4 ESOP plans. Corporate Governance Structure Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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Business Updates
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Healthy Growth in Loan Book and Disbursements 27 Business Updates 41,411 53,803 71,980 96,978 1,27,127 Mar'21 Mar'22 Mar'23 Mar'24 Mar'25 1,19,494 1,27,127 1,34,787 1,41,781 1,49,249 Dec'24 Mar'25 Jun'25 Sep'25 Dec'25 11,928 12,731 12,435 12,894 13,184 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 10,966 20,305 30,129 39,634 48,053 FY21 FY22 FY23 FY24 FY25 Last 5 Years Last 5 Quarters Last 5 Years Disbursement ( ₹Mn ) Assets Under Management ( ₹Mn ) Last 5 Quarters 24.9% growth y-o-y 5.3% growth q-o-q 33% CAGR (3 Years FY22-FY25) 6.6% BT Out rate for Q3FY26 (annualized) Healthy disbursal momentum Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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83% 1% 16% Housing Loan Shop Loans LAP AUM by Occupation Both credit tested and new to credit customers AUM by Product Consistent Portfolio Metrics | Dec’25 28 Business Updates Sharp focus on housing loans High ratio of salaried customers AUM by Credit history AVG:747 Credit Bureau Score AUM by Ticket Size ATS: 11.9 L* * Loans originated for Co -Lending are excluded while computing ATS All figures as of Dec’25 13% 68% 32% Salaried Self Employed Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd. 87% 13% Have Credit History New to Credit 1% 19% 29%23% 15% Upto 0.5mn 0.5mn - 1mn 1mn - 1.5mn 1.5mn - 2.0mn 2.0mn - 2.5mn Above 2.5mn Granularloan book
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13.0% 12.8% 13.1% 13.6% 13.5% 13.0% 12.8% 13.1% 13.6% 13.6% 8.0% 7.2% 7.4% 8.2% 8.4% 8.0% 7.2% 7.4% 8.1% 8.4% FY21 FY22 FY23 FY24 FY25 Competitive Spreads 29 Business Updates 13.5% 13.4% 13.4% 13.3% 13.3% 13.6% 13.5% 13.5% 13.4% 13.4% 8.4% 8.4% 8.4% 8.1% 8.1% 8.4% 8.4% 8.4% 8.1% 8.0% Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 5.0% 5.6% 5.7% 5.4% 5.1%5.0% 5.6% 5.7% 5.5% 5.2% FY21 FY22 FY23 FY24 FY25 5.1% 5.0% 5.0% 5.2% 5.2%5.2% 5.1% 5.1% 5.3% 5.4% Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Last 5QuartersLast 5 Years Net Interest Spread Movement * * Loans originated for Co -Lending are excluded while computing origination yield for Q3FY26 COB COB (Ex CL) Competitive Cost of Borrowing Origination yield for Q3FY26 stood at 13.1% Marginal COB for Q3FY26 stood at 7.7% Spread (Overall) Spread (Ex CL) Portfolio Yield Portfolio Yield (Ex CL) Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd. PLR increase 25bps w.e.f 1st Jul’22 50bps w.e.f 1st Dec’22 50bps w.e.f 1st Apr’23 35bps w.e.f 1st Aug’24 PLR cut 10bps w.e.f 1st Jan’26
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Bounce rates are range-bound Healthy Leading Indicators 30 Business Updates COVID WAVE -2 Bounce rate COVID WAVE -1 Bounce rate : On the day of EMI presentation 9.5% 10.0% 10.9% 10.5% 36.4% 28.3% 20.1% 17.3% 18.3% 16.5% 15.7% 14.5% 14.0% 15.6% 14.9% 13.6% 15.0% 14.2% 15.1% 14.7% 15.3% 15.2% 16.0% 16.4% 16.8% 16.3% 16.7% 16.9% Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Jan'26 Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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Healthy Leading Indicators 31 Business Updates Collection Efficiency Collection Efficiency (1) Unique Customers (2) 98.3% 98.2% 98.4% 98.4% 98.2% 99.4% 97.8% 98.2% 97.9% 98.4% 98.0% 97.9% 98.1% 98.2% 98.5% 97.5% 97.4% 97.4% 97.4% 97.2% 97.6% 96.9% 97.2% 97.0% 97.3% 97.1% 96.9% 97.0% 97.0% 97.2% Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Note:(1)Collection Efficiency =Total#of EMIsreceived in the month (including arrearsof previousmonths) / Total #of loan accounts whose EMIsare due in the month (2) Unique customers = #of customers who made at least one payment in the month / Total#of Customers whose EMIs'are due in the month Collection efficien cy at normal levels Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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Sound Credit Indicators 32 Business Updates 2.3% 1.4% 1.1% 1.1% 1.3% 1.4% 1.3% 1.7% 1.8% 1.7% 1.8% 2.3% 1.6% 1.7% 1.7% 1.7% 1.7% 1.8% 1.9% 2.0% Mar'21 Mar'22 Mar'23 Mar'24 Mar'25 Dec'24 Mar'25 Jun'25 Sep'25 Dec'25 Stage 2 / POSStage 3 / POS 1.8% 2.3% 1.6% 1.7% 1.7% 1.7% 1.7% 1.8% 1.9% 2.0% Mar'21 Mar'22 Mar'23 Mar'24 Mar'25 Dec'24 Mar'25 Jun'25 Sep'25 Dec'25 1.2% 1.8% 1.1% 1.2% 1.3% 1.3% 1.3% 1.4% 1.5% 1.6% Mar'21 Mar'22 Mar'23 Mar'24 Mar'25 Dec'24 Mar'25 Jun'25 Sep'25 Dec'25 (1) Pursuant to the RBI circular dated 12 Nov 2021, Dec’21 onwards, the Company has aligned its definition of default requiring repayment of entire arrears of interest and principal for loan accounts classified as NPAs to be upgraded as ‘standard’ asset. 6.2% 5.3% 4.0% 4.2% 4.5% 4.8% 4.5% 5.4% 5.5% 5.3% Mar'21 Mar'22 Mar'23 Mar'24 Mar'25 Dec'24 Mar'25 Jun'25 Sep'25 Dec'25 3.1% DPD 1+ / POS DPD 30+ / POS % Gross Stage 3 / POS (GNPA) % Net Stage 3 / Net POS (NNPA) % 4.1% 3.7% 2.7% 2.8% 3.0%3.0% 3.5% Asset quality at healthy levels (1) (1) 3.7% Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd. 3.7%
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Diversified funding profile at competitive Cost of Borrowing 33 Business Updates Validation by NHB - Single largest lender with ₹ 19,336.7Mn outstanding 20+lines 95,12087,95482,514 1,19,7161,10,559 (1) Total Borrowings includes Off book Direct Assignment and Co-Lending ₹ 2,800 Mn NCD investment by IFC – a step towards sustainability and green financing 1,05,869 31% 31% 30% 28% 28% 26% 24% 24% 23% 25% 29% 29% 32% 31% 34% 36% 36% 34% 2% 2% 2% 2% 2% 2% 1% 1% 1% 22% 18% 19% 16% 17% 16% 16% 15% 15% 3% 3% 3% 3% 3% 2% 2% 2% 2% 3% 3% 3% 2% 3% 4% 3% 3% 3% 3% 3% 3% 4% 4% 5% 14% 14% 14% 13% 13% 14% 15% 15% 16% 8.2% 8.3% 8.3% 8.4% 8.4% 8.4% 8.4% 8.1% 8.1% Dec'23 Mar'24 Jun'24 Sep'24 Dec'24 Mar'25 Jun'25 Sep'25 Dec'25 Dec'23 Mar'24 Jun'24 Sep'24 Dec'24 Mar'25 Jun'25 Sep'25 Dec'25 Total Borrowings (₹Mn) (1)1,15,592 Public Sector Bank State Bank of India Central Bank of India Union Bank UCO Bank Punjab National Bank Private Sector Bank HDFC Bank ICICI Bank Axis Bank South Indian Bank Karnataka Bank J & K Bank Karur Vyas Bank Bandhan Bank Others Bajaj Finance IFC IDBI Bank Bank of Baroda Indian Bank Punjab & Sind Bank Canara Bank Federal Bank Kotak Mahindra Bank HSBC Yes Bank Shinhan Bank IndusInd Bank DCB Bank DFC Borrowings Mix and Cost of Borrowing trend Long Term Credit Rating ICRA AA 'Stable’ CARE AA 'Stable’ India Ratings AA ‘Stable’ Diversified funding relationships with 32 lending partners Short term rating A1+(ICRA and India Ratings) ZERO borrowing through commercial papers Our banking relationships Pvt Sector BanksNBFCDA COB%(Represents quarterly avg.)NCDECBCo-Lending NHB Refinance Public Sector Banks 1,18,474 Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd. 1,24,481
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ALM Position as of Dec’25 - Cumulative 34 Business Updates Inflow Outflow 19,183 34,734 39,063 40,484 58,318 30,316 Classification of assets and liabilities under different maturity buckets is based on the same estimatesand assumptionsas used by the Company for compiling the detailed ALM return submitted to NHB. 33,666 56,188 79,368 1,46,906 2,03,735 2,40,771 14,483 21,454 40,305 1,06,522 1,45,417 2,10,455 Upto 3 months Upto 6 months Upto 12 months Upto 3 years Upto 5 years Total Surplus (₹Mn) Robust ALM profile ensuring sufficient liquidity buffers Cumulative Positive flows across all the time buckets Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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Assignment and Co-lending Transactions 35 Business Updates 802 691 593 806 793 969 1,347 1,032 1,519 1,535 1,701 2,299 1,839 1,754 2,149 77 166 301 348 350 502 609 676 417 345 226 545 781 966 1,009 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 879 857 894 ₹3,784 Mn ₹6,278 Mn ₹8,587 Mn 1,154 Our partners in Assignment and Co-Lending ₹8,498 Mn 1,143 1,471 1,956 1,708 Direct Assignment Central Bank of India HDFC Bank State Bank of India Bank of Baroda South Indian Bank Aditya Birla Housing ICICI Bank Co-Lending Central Bank of India Axis Bank Union Bank of India Indian Bank Yes Bank Bajaj Housing Finance Shinhan Bank Axis Bank Union Bank of India Co-Lending TransactionsDirect Assignment Transactions 1,936 1,880 1,927 2,844 Consistent demand for assignment of the company’s portfolio 2,620 2,720 Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd. 3,158
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Strong Liquidity Position 36 Business Updates Data as per IGAAP Particulars (in ₹Mn) Q4FY26 Q1FY27 Q2FY27 Q3FY27 Opening Liquidity 43,570 43,955 47,151 47,491 Add: Principal Collections & Surplus Operations 9,140 9,065 8,878 8,682 Less: Debt Repayments 8,755 5,869 8,538 9,503 Closing Liquidity 43,955 47,151 47,491 46,670 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 Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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Financial Updates
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Strong profit growth Robust NW to support growth Financial Highlights 38 Financial Updates 13,805 15,737 18,173 21,215 25,213 24,082 25,213 38,551 40,144 41,803 Mar'21 Mar'22 Mar'23 Mar'24 Mar'25 Dec'24 Mar'25 Jun'25 Sep'25 Dec'25 974 1,047 1,189 1,318 1,402 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 1,001 1,741 2,283 3,057 3,821 FY21 FY22 FY23 FY24 FY25 2.5% 3.6% 3.9% 3.8% 3.5% 3.4% 3.5% 3.7% 3.8% 4.0% FY21 FY22 FY23 FY24 FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Note:Fiscal year ending 31st March. A/E –Average TotalAssets / Average Equity. (1) Adjusted PAT, Adjusted RoA and Adjusted RoE FY22 is computed considering Adjusted PAT without the impact of one-time deferred tax liability adjustment Equity Raised ( ₹Mn ) A / E (1) (1) (1) 3.5x 3450 3.3x 3.5x 4.1x 4.7x 4.9x 4.9x 4.1x 32 53 62 337 251 337 12,495 Profit After Tax ( ₹Mn ) Net worth ( ₹Mn ) Return on Average Assets Return on Average Equity 8.7% 11.8% 13.5% 15.5% 16.5% 16.6% 17.0% 14.9% 13.4% 13.7% FY21 FY22 FY23 FY24 FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Pre-money ROE (adjusted for QIP) stands at 17.1% 12,715 3.5x Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd. 3.4x 12,940
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ECL Provisions Summary 39 Financial Updates Total Provision Coverage Ratio Particulars (in ₹Mn) Stage 1 Stage 2 Stage 3 Loan 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 1,990.2 1,23,470.0 ECL Provision % 0.2% 9.1% 22.0% 0.8% 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 1,815.3 1,18,037.6 ECL Provision % 0.2% 8.8% 21.0% 0.8% For period ended Dec’24 Loans – Principal Outstanding 98,326.3 1,368.3 1,769.5 1,01,464.1 ECL Provision 232.4 131.4 450.9 22.9 837.6 Net Loans – Principal Outstanding 98,093.9 1,236.9 1,318.6 1,00,626.5 ECL Provision % 0.2% 9.6% 25.5% 0.8% Dec’25 40.4% Sep’25 40.8% Dec’24 47.3% Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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Annexures
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Quarterly and Annual Profit and Loss Statement 41 Financial Updates Particulars (in ₹Mn) Q3FY26 Q2FY26 Q3FY25 QoQ YoY Interest Income on term loans 4,055.7 3,885.6 3,344.4 4.4% 21.3% Net gain on DA 266.8 249.5 215.0 Income other than interest income on term loans(1) 514.3 655.4 515.1 Total Income 4,836.8 4,790.5 4,074.5 1.0% 18.7% Interest expense 1,934.1 2,019.9 1,920.4 Net Interest Income 2,121.6 1,865.7 1,424.0 13.7% 49.0% Net Total Income 2,902.7 2,770.6 2,154.1 4.8% 34.8% Operating Expenses(2) 932.7 885.8 758.1 PPOP 1,970.0 1,884.8 1,396.0 4.5% 41.1% Credit Cost 141.7 152.4 97.9 Profit before tax 1,828.3 1,732.4 1,298.1 5.5% 40.8% Tax expense 426.3 413.9 324.3 Profit after tax 1,402.0 1,318.5 973.8 6.3% 44.0% Basic EPS 13.5 12.8 10.9 Diluted EPS 13.3 12.5 10.7 FY25 FY24 YoY 12,801.6 9,696.1 32.0% 912.2 631.1 1,678.2 1,238.2 15,392.0 11,565.4 33.1% 7,133.7 4,986.6 43.1% 5,667.9 4,709.5 20.3% 8,258.3 6,578.8 25.5% 2,954.7 2,324.9 5,303.6 4,253.9 24.7% 287.7 254.3 5,015.9 3,999.6 25.4% 1,195.2 942.4 3,820.7 3,057.2 25.0% 42.8 34.7 42.1 33.7 (1)Income other than interest income on term loans includes interest on bank deposits, other interest income, fees and commission income, other operating income and other income (2) Operating Expenses is the sum of Employee Benefits Expenses, Depreciation and Amortization, Intereston lease liability and other expenses for the relevantyear or period as per the financial statements. Investors & Analyst can download the excel version of operational & financial numbers from our website link. Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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RoE Tree 42 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% 1.5% 1.5% TotalIncome / Average total assets 13.8% 13.9% 14.1% 14.2% 14.2% Interest on borrowings and debt securities / Average total assets 5.5% 5.9% 6.7% 6.6% 6.1% Net Interest Margin 6.0% 5.4% 4.9% 5.2% 5.8% Net TotalIncome / Average total assets 8.3% 8.0% 7.4% 7.6% 8.1% Operating Expenses / Average total assets 2.7% 2.6% 2.6% 2.7% 2.9% PPOP/ Average total assets 5.6% 5.4% 4.8% 4.9% 5.2% Credit Cost / Average total assets 0.4% 0.4% 0.3% 0.3% 0.3% Profit before tax / Averagetotal assets 5.2% 5.0% 4.5% 4.6% 4.9% Taxexpense / Average total assets 1.2% 1.2% 1.1% 1.1% 1.1% Profit after tax on averagetotal assets 4.0% 3.8% 3.4% 3.5% 3.8% Leverage(Average total assets / average Equity or average Net worth) 3.4 3.5 4.9 4.7 4.1 Profit after tax on average equity or average Net worth (ROE) 13.7% 13.4% 16.6% 16.5% 15.5% Average interest earning assets as % of average total assets 86.7% 84.5% 85.2% 87.1% 87.7% Average interest bearing liabilities as % of average total assets 69.7% 70.3% 78.4% 77.5% 74.5% InterestEarning Assets represents Loans – Principal outstanding (Gross) for the relevant year or period. Interestbearing liabilities represents borrowings (including debt securities) for the relevant year or period. Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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Key Financial Ratios 43 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 or average Net worth) 3.4 3.5 4.9 4.7 4.1 Profit after tax on average equity or average Net worth (ROE) 13.7% 13.4% 16.6% 16.5% 15.5% Cost to Income Ratio (Operating Expenses / Net TotalIncome) 32.1% 32.0% 35.2% 35.8% 35.3% Operating Expenses / Average total assets 2.7% 2.6% 2.6% 2.7% 2.9% Average Debt to equity ratio 2.4 2.5 3.9 3.6 3.1 CRAR (%) 49.0% 48.4% 33.1% 32.8% 39.5% CRAR - Tier I Capital 48.6% 48.0% 32.7% 32.4% 39.1% CRAR - Tier II Capital 0.4% 0.4% 0.4% 0.4% 0.4% Book Value Per Share 402.3 387.6 268.5 280.0 239.7 Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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Balance Sheet 44 Financial Updates Particulars (in ₹Mn) Dec’25 FY25 FY24 ASSETS Cash & cash equivalents and Other bank balance 13,289.7 9,382.4 8,215.1 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* 503.1 447.0 298.2 Deferred TaxAssets (Net) 0.0 0.0 31.2 Non-financial assets other than PPE 193.6 316.1 131.9 TOTALASSETS 1,42,675.6 1,22,116.7 95,339.6 LIABILITIES & EQUITY Payables 181.9 160.9 114.8 Debt Securities 2,230.4 2,848.4 2,775.3 Borrowings 97,026.2 92,658.6 70,245.7 Other financial liabilities 1,061.6 871.1 792.0 Provisions 141.9 93.9 73.8 Deferred TaxLiabilities (Net) 27.3 23.7 0.0 Other non-financial liabilities 202.8 247.3 123.1 Equity 41,803.5 25,212.8 21,214.9 TOTALLIABILITIES & EQUITY 1,42,675.6 1,22,116.7 95,339.6 * Including right to use assets. Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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Consistent Financial Performance over the years 45 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 13,559 24,436 36,184 41,411 53,803 71,980 96,978 1,27,127 40.3% Number of Employees 200 382 675 696 687 851 993 1,249 1,634 Financial Information Income from Operations 916 1,326 2,637 4,108 4,891 5,957 7,910 11,374 15,299 Interest Expenses 533 647 1,249 1,912 2,166 2,148 3,033 4,987 7,134 Net Interest Income 319 627 1,040 1,513 1,895 2,622 3,792 4,710 5,668 Operating Expenses (1) 262 424 735 1,046 1,064 1,296 1,756 2,325 2,955 Credit Cost 17 29 73 165 322 250 215 254 288 Profit before tax 104 243 653 1,073 1,340 2,263 2,952 4,000 5,016 Adjusted PAT(2) 67 160 457 796 1,001 1,741 2,283 3,057 3,821 65.8% Net Worth 3,064 3,252 5,227 9,334 13,805 15,737 18,173 21,215 25,213 Ratios Cost to Income 68.4% 61.0% 50.3% 45.8% 39.0% 34.0% 35.7% 35.3% 35.8% Return on Total Assets (2) 0.8% 1.4% 2.4% 2.7% 2.5% 3.6% 3.9% 3.8% 3.5% Return on Equity (2) 2.9% 5.1% 10.8% 10.9% 8.7% 11.8% 13.5% 15.5% 16.5% Gross Stage 3 assets / Gross NPA (3) 0.7% 0.6% 0.8% 1.0% 1.8% 2.3%(3) 1.6% 1.7% 1.7% Net Stage 3 assets / Net NPA (3) 0.6% 0.5% 0.6% 0.8% 1.2% 1.8%(3) 1.1% 1.2% 1.3% Credit Cost 0.2% 0.2% 0.4% 0.6% 0.8% 0.5% 0.3% 0.3% 0.3% CRAR 68.5% 43.0% 38.5% 49.0% 56.2% 58.6% 49.4% 39.5% 32.8% Leverage 3.4 3.7 4.5 4.1 3.5 3.3 3.5 4.1 4.7 (1) Operating Expenses is the sum of Employee Benefits Expenses, Depreciation and Amortization, Interest on lease liability and other expenses for the relevant year or period as per the financial statements. (2) In FY22, company had reversed DTL created on amount transferred to special reserve. Adjusted PAT, ROA and ROE computed excluding the impact of one-time deferred tax liability adjustment. (3) Pursuant to the RBI circular dated 12 Nov 2021, Dec’21 onwards, the Company has aligned its definition of default requiring repayment of entire arrears of interest and principal for loan accounts classified as NPAs to be upgraded as ‘standard’ asset. Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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Experienced and Diverse Board 46 Leadership Ms. Geeta Dutta Goel Independent/ Non-Executive Director Ms. Geeta Dutta Goel holds a bachelor’s degree in commerce from University of Delhi and a post graduate diploma in management from the Indian Institute of Management, Ahmedabad. She was associated with Michael & Susan Dell Foundation India LLP (“Dell Foundation”) since 2008, and served as its managing director from February 2018 to January 2025 and as head of growth till October 2025. She is currently an Independent Director on the boards of Niva Bupa Health Insurance Company Limited, Equitas Small Finance Bank, CIIE Co., Finreach Solutions Private Limited and and Eldeco Infrastructure and Properties Limited Mr. Deepak Satwalekar Chairman/ Independent/ Non-Executive Director Mr. Deepak Satwalekar holds a bachelor’s degree in mechanical engineering from Indian Institute of Technology, Bombay and a master’s degree in business administration from the American University, Washington D.C. Previously, he was associated with Housing Development Finance Corporation Limited as a managing director and HDFC Standard Life Insurance Company Limited as the managing director and chief executive officer. Currently, he is associated with Wipro Limited as its independent director. He has also been recognised as a distinguished alumnus by the Indian Institute of Technology, Bombay. Mr. Divya Sehgal Nominee/ Non-Executive Director Mr. Divya Sehgal holds a bachelor’s of technology degree in electrical engineering from Indian Institute of Technology, Delhi and a post graduate diploma in management from Indian Institute of Management, Bengaluru. Previously, he was associated with Mc Kinsey & Company as associate, ANZ Grindleys Bank, E Medlife.com Limited as director and Apollo Health Street Limited as chief operating officer. Currently, he is associated with True North Managers LLP as a partner. He is also on the Boards of AU Small Finance Bank and Protec General Insurance Limited. Mr. Manoj Viswanathan Managing Director and CEO Mr. Manoj Viswanathan holds a bachelor’s degree in electrical and electronics engineering from the Birla Institute of Technology and Science, Pilani and a post graduate diploma in business management from XLRI, Jamshedpur. Previously, he was associated with Computer Garage Private Limited, Asian Paints India Limited, Citibank and CitiFinancial Consumer Finance India Limited as vice president of personal loans. In his previous roles, he has gained extensive experience in consumer lending, encompassing sectors such as automobile loans, mortgages, and unsecured lending. At Citi Financial, he was heading the branch-based consumer lending business spanning 450 branches with a customer base of more than 1 Mn customers. Mr. Anuj Srivastava Independent/ Non-Executive Director Mr. Anuj Srivastava holds a bachelor’s of technology degree in material & metallurgical engineering from Indian Institute of Technology, Kanpur and has attended the MBA Programme at London Business School. Previously, he was associated with Encentuate Inc. He has also worked at Google's global headquarters in Mountain View, where he led product marketing and growth initiatives for the e-Commerce, Shopping, and Mobile Payments teams, as well as for Google Local/Maps and online advertising products like AdSense. Currently, he is associated with LivSpace Pte. Limited as its co-founder and director. Ms. Sucharita Mukherjee Independent/ Non-Executive Director Ms. Sucharita Mukherjee holds a bachelor’s degree in economics from University of Delhi and has and a post graduate diploma in management from the Indian Institute of Management, Ahmedabad. Previously, she was associated with DB Group Services (UK) Limited, Morgan Stanley UK Limited, Dvara Trust. She was also associated with Northern Arc Capital Limited (then known as IFMR Capital Finance Private Limited) as its chief executive officer, and IFMR Holdings as the chief executive officer. Currently, she is associated with Kaleidofin Private Limited as its co-founder, managing director and chief executive officer. Mr. Sriram Hariharan Independent/ Non-Executive Director Mr. Sriram Hariharan holds a Bachelor of Engineering (Mechanical) from the National Institute of Technology, Allahabad, and a Post Graduate Diploma in Finance and Marketing from IIM Bangalore. Prior to joining our Company, he has worked with ICICI Bank since 1996 and has held key roles, including leading its International Banking Group, and spearheaded the Bank’s Global Remittances and NRI business. He was a core member of the executive team that established ICICI Bank in Canada in 2003 and has served as its President and Chief Executive Officer from 2008 to 2019. He was also Board Chair of ICICI Bank UK PLC and ICICI Bank Canada. He has also been on the Boards of Toronto Global and the Conference Board of Canada and currently is a Director on the Board of the UOFT India Foundation and The Supreme Industries Limited. Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.
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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: L65990MH2010PLC240703
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Glossary 48 Glossary Terms Explanation AUM - Assets Under Management Assets Under Management/Gross Loan Assets represents the aggregate of current principal outstanding and overdue principal outstanding, if any, for all loan assets under management which includes loan assets held by the Company as of the last day of the relevant year or period as well as loan assets which have been transferred by the Company by way of assignment and are outstanding as of the last day of the relevant year or period. POS - Principal Outstanding Loans – Principal outstanding represents gross principal outstanding of loans as of the last day of the relevant period or year as per the restated financial statements. NII - Net Interest Income Net Interest Income represents interest income on term loans minus Interest on borrowings, Interest on debt securities and other interest expense for the relevant year or period NIMs - Net Interest Margin Net Interest Income / Average total assets DA - Direct Assignment / Assigned Assets Assigned Assets represents the aggregate of current principal outstanding and overdue principal outstanding, if any, for all loan assets which have been transferredby the Company by way of assignment as of the last day of the relevant year or period. The Assigned Assets represent the direct assignments and not pass through certificate. DPD - Days Past Due DPD 30+ DPD 30+ represents loans where the asset has become more than 30 days past due on its contractual payments. Gross Stage 3 / POS % % Stage 3 loan assets / Loans - Principal Outstanding Opex to Assets Operating Expenses / Average Total Assets Cost to Income Operating Expenses / Net Total Income Investor Presentation – Q3 FY26 | Home First Finance Company India Ltd.