Slides
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Home First Finance Company Investor Presentation Q1FY27
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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 – Q1 FY27 | Home First Finance Company India Ltd.
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Executive Summary | Q1FY27 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) y-o-y q-o-q ₹16,284 Mn 5.3% 2.8% 4.2% 14.5%₹1,599 Mn 3.2% 1.8% +6.7% +20 bps +25.7% +31.0% +3.6% 0 bps 0 bps 0 bps +10 bps -30 bps 0 bps +50 bps +10 bps -40 bps +50 bps+34.5% +7.0% +10 bps (1) As per IGAAP. Excludes Co-lending ₹1,69,379 Mn 3 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd.
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MD & CEO Commentary on Q1 FY27 “As we begin FY27, the Indian economy continues to exhibit strong underlying momentum. Stable domestic consumption, range bound inflation, steady policy rates and improving liquidity have created a supportive environment for credit growth. While geopolitical developments and global macro uncertainties continue to warrant close monitoring, the domestic operating environment for affordable housing finance remains favourable, supported by resilient customer demand. With this as the backdrop, HomeFirst delivered a strong start to the year. Assets Under Management grew by 25.7% year-on-year to ₹16,938 crore, while disbursements reached a record ₹1,628 crore during the quarter. Growth was broad-based across geographies and distribution channels, reflecting the strength of our customer franchise, disciplined execution and continued demand within our target customer segment. Profitability remained healthy during the quarter. Profit after tax stood at ₹160 crore, growing 34.5% year-on-year and 7.0% sequentially. Net Total income increased to ₹332 crore, up 29.9% year-on-year and 7.1% quarter-on-quarter, supported by healthy business growth, improving operating leverage and stable asset quality. Return on Assets remained healthy at 4.2%, while Return on Equity stood at 14.5%. Our margins remained resilient during the quarter, supported by disciplined pricing and prudent liability management. Spreads ex co-lending remained stable, demonstrating the strength of our granular retail franchise and diversified funding profile. We continued to invest in strengthening our distribution capabilities. During the quarter, we added 4 new branches, taking our network to 175 branches and 373 touchpoints across the country. We also added 133 net employees, primarily in customer-facing roles, taking our total employee strength to 1,988. Asset quality remained stable despite continued strong growth. Collection efficiency remained healthy, with 1+ DPD at 4.7%, 30+ DPD at 3.2% and Gross Stage 3 at 1.8%, reflecting stable asset quality quarter-on-quarter. Credit cost remained well contained at 40 basis points during the quarter, reflecting the resilience of our underwriting framework, disciplined portfolio monitoring and strong collection capabilities. We also continued to build on our Green Homes initiative by certifying an additional 100 homes during the quarter, taking the cumulative number of certified homes to 550 as of June 2026. While modest in scale, the initiative underscores our efforts to integrate sustainability within affordable housing. Looking ahead, we remain optimistic about the opportunities in the affordable housing finance sector. Structural demand drivers remain firmly in place, supported by favourable demographics, increasing formalisation of incomes, urbanisation and continued policy support for housing. We are seeing healthy business momentum across our markets and remain confident of delivering ~25% AUM growth while maintaining our focus on profitability, portfolio quality and operating efficiency. With a strong capital position, a diversified funding franchise and a scalable operating platform, we believe HomeFirst is well positioned to continue creating sustainable long- term value for all stakeholders.” 4 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd.
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HomeFirst – Who are We? 46 S&P Global ESG Score 13.6 ESG Risk Score (Categorizing under ‘‘Low Risk Strong Management’) #Morningstar Sustainalytics # 175 Branches 373 Touchpoints 145 Districts 13 States / UT 1,45,117 Customers 85% Loans Approved within 48hrs 32Lenders Diversified Funding Source ₹22,724 Mn Liquidity buffer as on Jun’26Assets Under Management (Jun’26) ₹1,69,379 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 1.21 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. 1,988 employees with a median age of 26 years. 5 Investor Presentation – Q1 FY27 | 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 1,58,777 1,69,379 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Q1FY27 AA-(+ve) Early Days and Proof of Concept Our Journey 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 AUM crosses ₹120 bn. 150+ Physical Branches Raised ₹1,250 Cr through QIP AA ICRA / CARE / India Ratings AUM crosses ₹150 bn. 6 ₹1,69,379 Mn Assets Under Management Scalable operating model Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd. 175 Physical Branches
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Shareholding as on 17 Jul’26 ^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) – Jun’26: 3.6% (Mar’26: 3.0%) * Holding through various schemes and funds including advisory mandates 7 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd. DIIs % Holding* HDFC Mutual Fund 7.6 Kotak Mutual Fund 5.1 True North Fund V LLP 4.7 Aditya Birla Sunlife Mutual Fund 2.4 ValueQuest AIF 1.8 Tata AIA Life Insurance 1.3 Canara Robeco Mutual Fund 1.2 Invesco India Mutual Fund 1.1 Tata AIG General 1.1 Mirae Mutual Fund 1.0 ICICI Pru Life 1.0 Sundaram Mutual Fund 1.0 ICICI Lombard 0.9 HDFC Life 0.9 Edelweiss Mutual Fund 0.7 FIIs & FPIs % Holding* Fidelity International 9.6 Capital Group 7.1 Norges Bank Investment Management 5.3 Vanguard Group 3.6 International Finance Corporation 3.4 Goldman Sachs India Equity 3.1 Aether (Mauritius) Limited (GIC)^ 2.3 BlackRock Global 1.7 Pictet Group 1.7 Lion Global Investors 1.4 Barings LLC 0.7 Kuwait Investment Authority 0.7 Envision India Fund 0.6 William Blair 0.5 Schroders Investment Management 0.5 36.0% 48.4% 15.6% DIIs FIIs & FPIs Public & Others No. of Shareholders 81,777
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Distinguished Board of Directors 8 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd. 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, ELDECO Infrastructure and Properties, MUDRA. Promoter at Translation Endeavors Private Limited Past: Head of growth initiatives at Dell Foundation, Director at Ujjivan Financial Services, Jana SFB and others Current: Co-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 Past: President and Chief Executive Officer of ICICI Bank Canada, ICICI Bank Current: Independent Director at The Supreme Industries 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 Manoj Viswanathan Managing Director And CEO Divya Sehgal * Nominee / Non- Executive Director Sriram Hariharan Independent / Non- Executive Director * Ceased to be director w.e.f. Jun 24, 2026
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Experienced Management Team Years at HomeFirst Total years of experience 9 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd. Education: B-Tech and PGDM T.A. Pai Management Institute Experience: IDFC Bank, Sterlite Technologies Limited Education: B.E (Electronics) and MBA, Welingkar Institute of Management Experience: Fidelity Investments, Bankbazaar Education: B-Tech Nagpur University and MBA ICFAI Business School Experience: Kotak Mahindra Bank, Citibank Education: MNNIT Allahabad and PGDM XIM-B Experience: Citibank, Macquarie Finance (India), Hewlett Packard Financial Services (India) Education: B Com Goenka College, Chartered Accountant Experience: True North, Hindustan Unilever Limited, ITC Limited, Philip Morris Asia Limited Education: Chartered Accountant Experience: KPMG, State Bank of India, Kotak Securities Education: B-Tech BITS, Pilani and PGDM XLRI Experience: Asian Paints, Citibank, CitiFinancial Consumer Finance India Limited 16 | 28 14 | 26 15 | 23 02 | 19 07 | 19 04 | 2107 | 20 Manoj Viswanathan Managing Director & CEO Ajay Khetan Dy. Chief Executive Officer & CBO Gaurav Mohta Chief Marketing Officer Nutan Gaba Patwari * Chief Financial Officer Rupesh Mehta Head of Information Technology Ashishkumar Darji Chief Risk Officer Ramakrishna Vyamajala Chief Human Resource Officer * Nutan Gaba Patwari has resigned. We thank her for her valuable contribution to the organization.
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Self-Employed Customer 3 Age: 42 / Location: Gorakhpur, Uttar Pradesh Formal Salaried Customer 1 Age: 42 / Location: Tirupur, Tamil Nadu Informal Salaried Customer 2 Age: 34 / Location: Navsari, Gujarat Meet Our Customers 10 Applicant is a medical store owner with a monthly income of around ₹33,882. • The applicant has been running his medical shop for the past seven years and has established a stable livelihood for his family. • Living with his wife and two children, he has built strong customer relationships and earned a reliable reputation in the local community. • Assessment based on self-employed income and business cash flows. • Plot + Home Loan sanctioned: ₹10 lakh. • ROI of 13.65% and EMI of ₹12,182. First disbursal on 20th October 2023. Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd. What is their story? Who are they? Applicant is working as a tailor in a private textile manufacturing company with a combined family income of approximately ₹45,000 per month. • The applicant and his wife, both tailors by profession, have been working in the textiles industry in Tirupur for over 25 years. • With the aspiration of building a home, they began construction using personal savings before opting for loan to complete the project. • Assessment based on formal salaried income and combined family income. • Plot + Home Loan sanctioned: ₹16 lakh. The applicant’s home is also an Edge certified Green Home. • ROI of 13% and EMI of ₹18,745. First disbursal on 22nd March 2025. Applicant is a machine operator with a combined family income of ₹31,000 per month. • The applicant is a machine operator and earns cash salary of ₹28,000 per month. • His wife is a co-applicant and undertakes stone stitching work from home earning ₹3,000 per month. • Assessment based on cash salaried income and total family income. • Home Loan sanctioned: ₹12.5 lakh. The applicant is also a beneficiary of PMAY 2.0. • ROI of 13.90% and EMI of ₹15,454. First disbursal on 1st August 2025. 32% Self Employed 68% Salaried
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Our Unique Value Proposition to Our Customers • Salaried and self-employed individuals • 70%+ Customers with annual household income level less than ₹0.6 mn comprising 58% of AUM • First time home buyers • 17% customers are new to credit contributing to 12% 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 Q1FY27 (1) ~45% loans with Average ticket size between INR 0.5 -1.5mn as of Jun’26 79 For Q1FY27 Who are our customers What challenges do they face Access Transparency Service What do our customers need NPS Speed Our Value Proposition 11 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd.
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Pan India Distribution driven by strategic market selection & contiguous expansion Distribution Strategy 0 - 4 4-7 7 - 15 Contribution to India'sGDP FY’2 5 ( %) Physical branches - 175 Proposed branches - 61 Digital branches - 137 373 Touchpoints Note:Source for Contribution of states to India'sGDP: RBI Touchpoints 145 13 373 States/UTDistrictsBranches 175 States/Territories Number of Percentage of gross loan assets as on Branches Districts Jun’26 Jun’25 Mar’26 Mar’25 Gujarat 39 23 28.6% 28.7% 28.5% 28.9% Maharashtra 30 20 15.2% 14.2% 15.0% 13.9% Tamil Nadu 26 24 10.4% 12.6% 10.9% 13.0% Madhya Pradesh 18 13 10.7% 8.6% 10.3% 8.2% Telangana 10 14 7.9% 8.4% 8.0% 8.5% Rajasthan 12 10 6.7% 6.3% 6.5% 6.2% Uttar Pradesh & Uttarakhand 11 13 6.2% 6.4% 6.2% 6.5% Karnataka 8 7 5.9% 6.1% 6.0% 6.3% Andhra Pradesh 13 13 5.4% 5.6% 5.5% 5.5% Chhattisgarh 4 5 2.1% 2.2% 2.2% 2.1% Haryana & NCR 4 3 0.9% 0.9% 0.9% 0.9% Total 175 145 100.0% 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 4 new physical branches 12 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd. Gujarat Maharashtra Rajasthan Haryana & NCR Uttarakhand Uttar Pradesh Karnataka Tamil Nadu Andhra Pradesh Chhatisgarh Madhya Pradesh Telangana
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Omni Channel Lead Generation Strategy 77.4% 11.3% 1.8%2.3%2.5%1.6%0.4%2.7%0.0% ConnectorsBuilder Ecosystem ReferralsMarketingMicro ConnectorConstruction Community Digital MarketingDigital 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 | Q1 FY27 93.1% connectors registered on the Connector App 13 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd.
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27% 41% 32% Less than 50% 50-80% Above 80% 88% 12% EMI Pre-EMI 36% 43% 21% Less than 50% 50-80% Above 80% Data Science Backed Centralised Underwriting Jun’26 Jun’26 56.1% Jun’26 48.5% Loans Approved within 48hrs 85% Risk Management Design Tech-Led Centralised For Q1FY27 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 14 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd.
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• 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 15 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd.
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In-house AI Conversational Platform Treasury Management SystemDocument Management System • 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 16 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd.
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Digital Adoption 46% 46% 44% 44% 43% Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 88% 87% 85% 83% 78% Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Note: Service requests raised are a count of unique requests made by the customers on the app. 97% 98% 98% 98% 98% Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 96% 96% 96% 96% 96% Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 % Customers registered on App Unique user logins as % of active customers % of Service Requests raised on App % Non -cash collections 4.3 2m 01 sec No of Payments via Customer App For Q1FY27 For Q1FY27 ₹30,799 21,934 Source: HomeFirst App Database Customer Rating on Google Playstore As of 13 Jul’26 Avg time spent by user on the app per session For Q1FY27 17 Average payment per user on app Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd.
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Building the Brand HomeFirst 18 Investor Presentation – Q1 FY27 | 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 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 FY25-26. Comprehensive Policy & Governance Mechanism Robust Implementation Process Monitoring and Review Mechanism External Reporting ESG FRAMEWORK 20 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd.
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Google rating of Homefirst RM Pro App Digital Processes from start to finish to reduce Carbon Footprint Customer App Connector App RM Pro App Google rating of Homefirst Customer App 4.3 Google rating of Homefirst Connect App 4.5 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 (90% of total in Q1FY27) • E-Stamping (46% of total in Q1FY27) • E-NACH mandates (82% of total in Q1FY27) 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 Jul’26 As of 13 Jul’26 As of 13 Jul’26 21 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd.
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Shushva Sashakt Beneficiary Tailoring Project Sashakt : 11,000+ 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 373 individuals were certified in four trades through the Sashakt Skilling Centres at Narol and Naroda. 211 youths skilled through 2-Wheeler Lab and AutoCAD Labs. • Education: Bal Sashakt was successfully conducted in schools across Narol and Naroda, engaging 300 students through interactive learning and developmental activities. 167 students participated in an educational visit to Science City, providing them with hands-on exposure to science and innovation. Additionally, a Summer Camp was organized, with 106 students taking part in a range of educational, creative, and recreational activities aimed at fostering holistic development. • Health: 26 OPD camps were organized across Narol and Naroda, providing healthcare services to 1704 individuals through weekly consultations. 13 ration kits were distributed in LG Hospital. • Financial Literacy: Financial literacy sessions were conducted, and 4,300+ beneficiaries were covered through both awareness sessions and linkage to government welfare schemes Progress on Social Development 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 Q1FY27, 8,000+ 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 • 27% women overall • 50% women at head office • 14% women in senior management Employee Ownership As of 30 Jun’26, 300 employees are covered under ESOP programs – comprising of 15.1% of employee base Shushva's journey with Diva Design Studio gave her regular work, improved skills, and confidence. In Apr, she earned ₹8,104, supporting her family. She is grateful for the opportunity to become self-reliant. Mayuri, an ITI student from Ghatlodiya, is building her career through training at Diva Salon. In April, she earned ₹13,576 while gaining advanced beauty skills, becoming more confident and financially independent. Yashami completed the Tally GST course at Sashakt Skilling Centre and secured a Sales Executive role with a monthly salary of ₹14,000, becoming more confident and financially independent. Yashami Sashakt Beneficiary Tally GST Mayuri Sashakt Beneficiary Diva Salon Pooja, a Diva Design Studio alumni, turned her skills into a steady source of income. In April, she earned ₹8,460, enabling her to contribute to her family's needs while growing in confidence and self- reliance. Pooja Sashakt Beneficiary Tailoring Sashakt Stories 22 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd.
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Progress on Social Development 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; 550 Green Homes have been certified as of Jun’26. 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 ~58% of AUM. • Feature rich mobile apps to provide seamless service and to track NPS score as a feedback mechanism. Our NPS score for Q1FY27 is 79. • 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 Jul’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 are assisting our customers under PMAY (U) 2.0 and 698 customers have already benefitted. • 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 FY25-26 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. 23 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd.
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Strong Governance Structure 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 58% of our book size. Overall, ~90% loans have woman as borrower • Primary applicant in 13% of AUM • Atleast 1 woman co-borrower in 81% 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 5 of 6 Directors are non-executive 5 of 6 Independent Directors 2 of 6 Woman Directors 24 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd.
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Strong Governance Practice 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 25 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd.
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Business Updates
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12,435 12,894 13,184 15,724 16,284 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Healthy Growth in Loan Book and Disbursements 53,803 71,980 96,978 1,27,127 1,58,777 Mar'22 Mar'23 Mar'24 Mar'25 Mar'26 1,34,787 1,41,781 1,49,249 1,58,777 1,69,379 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 20,305 30,129 39,634 48,053 54,236 FY22 FY23 FY24 FY25 FY26 Last 5 Years Last 5 Quarters Last 5 Years Disbursement ( ₹Mn ) Assets Under Management ( ₹Mn ) Last 5 Quarters 27 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd. 31.0% growth y-o-y 3.6% growth q-o-q 25.7% growth y-o-y 6.7% growth q-o-q 31% CAGR (4 Years FY22-FY26) 4.5% BT Out rate for Q1FY27 (annualized)
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1% 18% 27%23% 18% Upto 0.5mn 0.5mn - 1mn 1mn - 1.5mn 1.5mn - 2.0mn 2.0mn - 2.5mn Above 2.5mn Granularloan book 68% 32% Salaried Self Employed 88% 12% Have Credit History New to Credit 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 | Jun’26 Sharp focus on housing loans High ratio of salaried customers AUM by Credit history AVG:749 Credit Bureau Score AUM by Ticket Size ATS: 12.1 L* * Loans originated for Co -Lending are excluded while computing ATS All figures as of Jun’26 13% 28 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd.
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12.8% 13.1% 13.6% 13.5% 13.2% 12.8% 13.1% 13.6% 13.6% 13.4% 7.2% 7.4% 8.2% 8.4% 8.1% 7.2% 7.4% 8.1% 8.4% 8.1% FY22 FY23 FY24 FY25 FY26 Competitive Spreads 13.4% 13.3% 13.3% 13.1% 13.0% 13.5% 13.4% 13.4% 13.2% 13.1% 8.4% 8.1% 8.1% 7.9% 7.8% 8.4% 8.1% 8.0% 7.9% 7.8% Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 5.6% 5.7% 5.4% 5.1% 5.1%5.6% 5.7% 5.5% 5.2% 5.3% FY22 FY23 FY24 FY25 FY26 5.0% 5.2% 5.2% 5.2% 5.2%5.1% 5.3% 5.4% 5.3% 5.3% Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Last 5QuartersLast 5 Years Net Interest Spread Movement * * Loans originated for Co -Lending are excluded while computing origination yield for Q1FY27 COB COB (Ex CL) Competitive Cost of Borrowing Spread (Overall) Spread (Ex CL) Portfolio Yield Portfolio Yield (Ex CL) 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 29 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd. Origination yield for Q1FY27 stood at 13.0% Marginal COB for Q1FY27 stood at 7.6%
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Bounce rates are range-bound Healthy Leading Indicators 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% 15.9% 16.3% 15.2% 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 Q4FY26 Q1FY27 Jul'26 30 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd.
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Healthy Leading Indicators Collection Efficiency Collection Efficiency (1) Unique Customers (2) 97.8% 98.2% 97.9% 98.4% 98.0% 97.9% 98.1% 98.2% 98.5% 98.3% 98.4% 98.8% 98.0% 98.3% 98.4% 96.9% 97.2% 97.0% 97.3% 97.1% 96.9% 97.0% 97.0% 97.2% 97.1% 97.3% 97.3% 97.1% 97.2% 97.3% Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 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 31 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd.
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Sound Credit Indicators 1.4% 1.1% 1.1% 1.3% 1.4% 1.7% 1.8% 1.7% 1.4% 1.4% 2.3% 1.6% 1.7% 1.7% 1.8% 1.8% 1.9% 2.0% 1.8% 1.8% Mar'22 Mar'23 Mar'24 Mar'25 Mar'26 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Stage 2 / POSStage 3 / POS 2.3% 1.6% 1.7% 1.7% 1.8% 1.8% 1.9% 2.0% 1.8% 1.8% Mar'22 Mar'23 Mar'24 Mar'25 Mar'26 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 1.8% 1.1% 1.2% 1.3% 1.4% 1.4% 1.5% 1.6% 1.4% 1.4% Mar'22 Mar'23 Mar'24 Mar'25 Mar'26 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 (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. 5.3% 4.0% 4.2% 4.5% 4.7% 5.4% 5.5% 5.3% 4.7% 4.7% Mar'22 Mar'23 Mar'24 Mar'25 Mar'26 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 3.2% DPD 1+ / POS DPD 30+ / POS % Gross Stage 3 / POS (GNPA) % Net Stage 3 / Net POS (NNPA) % 3.2% 3.7% 2.7% 2.8% 3.2%3.0% 3.5% Asset quality at healthy levels (1) (1) 3.7% 3.7% 32 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd.
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Diversified funding profile at competitive Cost of Borrowing 33 Validation by NHB - Single largest lender with ₹ 19,601.4Mn outstanding 20+lines 95,120 1,37,2111,32,8401,19,7161,10,559 (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 Total Borrowings (₹Mn) (1)1,15,592 Public Sector Bank State Bank of India Central Bank of India Punjab National Bank Punjab & Sind 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 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 1,18,474 1,24,481 33 30% 28% 28% 26% 24% 24% 23% 22% 22% 29% 32% 31% 34% 36% 36% 35% 36% 35% 2% 2% 2% 2% 1% 1% 1% 1% 1% 19% 16% 17% 16% 16% 15% 16% 15% 14% 3% 3% 3% 2% 2% 2% 2% 2% 2% 3% 3% 3% 2% 3% 4% 5% 3% 3% 3% 3% 3% 4% 4% 5% 4% 14% 14% 13% 13% 14% 15% 15% 16% 17% 8.3% 8.4% 8.4% 8.4% 8.4% 8.1% 8.1% 7.9% 7.8% Jun'24 Sep'24 Dec'24 Mar'25 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Jun'24 Sep'24 Dec'24 Mar'25 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Pvt Sector BanksNBFCDA COB%(Represents quarterly avg.)NCDECBCo-Lending NHB Refinance Public Sector Banks Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd.
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ALM Position as of Jun’26 - Cumulative Inflow Outflow 13,806 15,248 19,168 28,911 58,887 43,776 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. 28,809 40,806 62,586 1,38,781 2,03,428 2,49,817 15,003 25,558 43,418 1,09,870 1,44,541 2,06,041 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 34 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd.
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Assignment and Co-lending Transactions 793 969 1,347 1,032 1,519 1,535 1,701 2,299 1,839 1,754 2,149 2,642 2,853 350 502 609 676 417 345 226 545 781 966 1,009 318 460 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 ₹6,278 Mn ₹8,587 Mn Our partners in Assignment and Co-Lending ₹11,458 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 Punjab & Sind Bank Tata Capital Housing Co- Lending Central Bank of India Axis Bank Union Bank of India Indian Bank Yes Bank Bajaj Housing Finance Shinhan Bank Axis Bank ICICI 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 3,158 2,960 35 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd. 3,313 ₹3,313 Mn
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Strong Liquidity Position Data as per IGAAP Particulars (in ₹Mn) Q2FY27 Q3FY27 Q4FY27 Q1FY28 Opening Liquidity 22,724 25,338 26,220 27,624 Add: Principal Collections & Surplus Operations 10,183 9,997 9,834 9,663 Less: Debt Repayments 7,569 9,115 8,430 8,464 Closing Liquidity 25,338 26,220 27,624 28,823 Liquidity Buffer as on Jun’26 (in ₹Mn) Unencumbered Cash and Cash equivalent 11,434 Un-availed Sanction from NHB 3,540 Un-availed Sanction from Banks 7,750 Total 22,724 36 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd. ₹ 5,814 million Liquidity raised during Q1FY27
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Financial Updates
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11.8% 13.5% 15.5% 16.5% 15.7% 14.9% 13.4% 13.7% 14.0% 14.5% FY22 FY23 FY24 FY25 FY26 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Robust NW to support growth Financial Highlights 15,737 18,173 21,215 25,213 43,565 38,551 40,144 41,803 43,565 44,827 Mar'22 Mar'23 Mar'24 Mar'25 Mar'26 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 1,189 1,318 1,402 1,494 1,599 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 1,741 2,283 3,057 3,821 5,404 FY22 FY23 FY24 FY25 FY26 3.6% 3.9% 3.8% 3.5% 3.9% 3.7% 3.8% 4.0% 4.1% 4.2% FY22 FY23 FY24 FY25 FY26 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 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) 4.0x 13,172 3.3x 3.5x 4.1x 4.7x 3.4x 3.5x4.1x 32 53 62 337 13,172 10512,495 Profit After Tax ( ₹Mn ) Net worth ( ₹Mn ) Return on Average Assets Return on Average Equity 12,715 3.5x 3.4x 12,940 34.5% growth y-o-y 7.0% growth q-o-q 38 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd.
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ECL Provisions Summary 39 Total Provision Coverage Ratio Particulars (in ₹Mn) Stage 1 Stage 2 Stage 3 Loan Commitment Total For period ended Jun’26 Loans – Principal Outstanding 1,36,431.3 2,021.1 2,496.3 1,40,948.7 ECL Provision 295.3 212.2 585.2 37.4 1,130.1 Net Loans – Principal Outstanding 1,36,136.0 1,808.9 1,911.1 1,39,818.6 ECL Provision % 0.2% 10.5% 23.4% 0.8% For period ended Mar’26 Loans – Principal Outstanding 1,28,106.4 1,865.6 2,404.3 1,32,376.3 ECL Provision 279.3 195.6 575.3 30.3 1,080.5 Net Loans – Principal Outstanding 1,27,827.1 1,670.0 1,829.0 1,31,295.8 ECL Provision % 0.2% 10.5% 23.9% 0.8% For period ended Jun’25 Loans – Principal Outstanding 1,09,468.3 1,830.1 2,081.7 1,13,380.1 ECL Provision 247.2 168.8 458.9 22.8 897.7 Net Loans – Principal Outstanding 1,09,221.1 1,661.3 1,622.8 1,12,482.4 ECL Provision % 0.2% 9.2% 22.0% 0.8% Jun’26 45.3% Mar’26 44.9% Jun’25 43.1% Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd.
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Annexures
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Quarterly and Annual Profit and Loss Statement Particulars (in ₹Mn) Q1FY27 Q4FY26 Q1FY26 QoQ YoY Interest Income on term loans 4,392.5 4,120.8 3,672.2 6.6% 19.6% Net gain on DA 364.8 358.2 247.1 Income other than interest income on term loans(1) 641.1 568.3 633.4 Total Income 5,398.4 5,047.3 4,552.7 7.0% 18.6% Interest expense 2,077.1 1,945.6 1,996.7 Net Interest Income 2,315.4 2,175.2 1,675.5 6.4% 38.2% Net Total Income 3,321.3 3,101.7 2,556.0 7.1% 29.9% Operating Expenses(2) 1,086.0 991.9 874.2 PPOP 2,235.3 2,109.8 1,681.8 6.0% 32.9% Credit Cost 159.0 157.9 116.8 Profit before tax 2,076.3 1,951.9 1,565.0 6.4% 32.7% Tax expense 477.8 457.5 376.1 Profit after tax 1,598.5 1,494.4 1,188.9 7.0% 34.5% Basic EPS 15.3 14.3 11.7 Diluted EPS 15.2 14.2 11.5 FY26 FY25 YoY 15,734.3 12,801.6 22.9% 1,121.6 912.2 2,371.3 1,678.2 19,227.2 15,392.0 24.9% 7,896.2 7,133.7 7,838.1 5,667.9 38.3% 11,331.0 8,258.3 37.2% 3,684.7 2,954.7 7,646.3 5,303.6 44.2% 568.8 287.7 7,077.5 5,015.9 41.1% 1,673.7 1,195.2 5,403.8 3,820.7 41.4% 52.3 42.8 51.6 42.1 (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. 41 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd.
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RoE Tree Particulars Q1FY27 Q4FY26 Q1FY26 FY26 FY25 Interest Income on term loans / Average total assets 11.4% 11.2% 11.4% 11.5% 11.8% Net Gain on DA / Average total Assets 0.9% 1.0% 0.7% 0.8% 0.9% Income other than interest income on term loans/ Average total assets 1.7% 1.5% 2.0% 1.7% 1.5% TotalIncome / Average total assets 14.0% 13.7% 14.1% 14.0% 14.2% Interest on borrowings and debt securities / Average total assets 5.4% 5.3% 6.2% 5.8% 6.6% Net Interest Margin 6.0% 5.9% 5.2% 5.7% 5.2% Net TotalIncome / Average total assets 8.6% 8.4% 7.9% 8.2% 7.6% Operating Expenses / Average total assets 2.8% 2.7% 2.7% 2.7% 2.7% PPOP/ Average total assets 5.8% 5.7% 5.2% 5.5% 4.9% Credit Cost / Average total assets 0.4% 0.4% 0.4% 0.4% 0.3% Profit before tax / Averagetotal assets 5.4% 5.3% 4.8% 5.1% 4.6% Taxexpense / Average total assets 1.2% 1.2% 1.1% 1.2% 1.1% Profit after tax on averagetotal assets 4.2% 4.1% 3.7% 3.9% 3.5% Leverage(Average total assets / average Equity or average Net worth) 3.5 3.4 4.1 4.0 4.7 Profit after tax on average equity or average Net worth (ROE) 14.5% 14.0% 14.9% 15.7% 16.5% Average interest earning assets as % of average total assets 88.9% 87.3% 85.3% 87.5% 87.1% Average interest bearing liabilities as % of average total assets 69.6% 69.7% 74.3% 73.6% 77.5% 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. 42 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd.
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Key Financial Ratios Particulars Q1FY27 Q4FY26 Q1FY26 FY26 FY25 Profit after tax on average total assets (ROA) 4.2% 4.1% 3.7% 3.9% 3.5% Leverage(Average total assets / average Equity or average Net worth) 3.5 3.4 4.1 4.0 4.7 Profit after tax on average equity or average Net worth (ROE) 14.5% 14.0% 14.9% 15.7% 16.5% Cost to Income Ratio (Operating Expenses / Net TotalIncome) 32.7% 32.0% 34.2% 32.5% 35.8% Operating Expenses / Average total assets 2.8% 2.7% 2.7% 2.7% 2.7% Average Debt to equity ratio 2.4 2.4 3.0 2.9 3.6 CRAR (%) 42.6% 44.1% 49.6% 44.1% 32.8% CRAR - Tier I Capital 42.2% 43.8% 49.2% 43.8% 32.4% CRAR - Tier II Capital 0.4% 0.3% 0.4% 0.3% 0.4% Book Value Per Share 428.9 417.6 373.4 417.6 280.0 43 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd.
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Balance Sheet Particulars (in ₹Mn) Jun’26 FY26 FY25 ASSETS Cash & cash equivalents and Other bank balance 8,996.5 8,410.2 9,382.4 Loans 1,39,856.0 1,31,326.1 1,06,487.0 Investments 2,932.6 8,122.4 3,602.4 Other financial assets 3,222.5 3,033.8 1,881.8 Property,plant and Equipment* 536.9 541.3 447.0 Deferred TaxAssets (Net) 0.0 0.0 0.0 Non-financial assets other than PPE 220.6 231.6 316.1 TOTALASSETS 1,55,765.1 1,51,665.4 1,22,116.7 LIABILITIES & EQUITY Payables 227.4 164.0 160.9 Debt Securities 2,232.6 2,274.4 2,848.4 Borrowings 1,05,945.6 1,03,626.1 92,658.6 Other financial liabilities 1,527.3 1,340.9 871.1 Provisions 202.9 146.2 93.9 Deferred TaxLiabilities (Net) 30.0 31.8 23.7 Other non-financial liabilities 772.1 516.6 247.3 Equity 44,827.2 43,565.4 25,212.8 TOTALLIABILITIES & EQUITY 1,55,765.1 1,51,665.4 1,22,116.7 * Including right to use assets. 44 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd.
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Consistent Financial Performance over the years (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. Particulars (in ₹Mn) FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 CAGR % (FY17-FY26) Operational Information Number of Branches 36 42 60 68 72 80 111 133 155 171 Loan disbursals 4,244 7,455 15,728 16,183 10,966 20,305 30,129 39,634 48,053 54,236 AUM 8,473 13,559 24,436 36,184 41,411 53,803 71,980 96,978 1,27,127 1,58,777 38.5% Number of Employees 200 382 675 696 687 851 993 1,249 1,634 1,855 Financial Information Income from Operations 916 1,326 2,637 4,108 4,891 5,957 7,910 11,374 15,299 19,146 Interest Expenses 533 647 1,249 1,912 2,166 2,148 3,033 4,987 7,134 7,896 Net Interest Income 319 627 1,040 1,513 1,895 2,622 3,792 4,710 5,668 7,838 Operating Expenses (1) 262 424 735 1,046 1,064 1,296 1,756 2,325 2,955 3,685 Credit Cost 17 29 73 165 322 250 215 254 288 569 Profit before tax 104 243 653 1,073 1,340 2,263 2,952 4,000 5,016 7,078 Adjusted PAT(2) 67 160 457 796 1,001 1,741 2,283 3,057 3,821 5,404 62.9% Net Worth 3,064 3,252 5,227 9,334 13,805 15,737 18,173 21,215 25,213 43,565 Ratios Cost to Income 68.4% 61.0% 50.3% 45.8% 39.0% 34.0% 35.7% 35.3% 35.8% 32.5% Return on Total Assets (2) 0.8% 1.4% 2.4% 2.7% 2.5% 3.6% 3.9% 3.8% 3.5% 3.9% Return on Equity (2) 2.9% 5.1% 10.8% 10.9% 8.7% 11.8% 13.5% 15.5% 16.5% 15.7% 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% 1.8% 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% 1.4% Credit Cost 0.2% 0.2% 0.4% 0.6% 0.8% 0.5% 0.3% 0.3% 0.3% 0.4% CRAR 68.5% 43.0% 38.5% 49.0% 56.2% 58.6% 49.4% 39.5% 32.8% 44.1% Leverage 3.4 3.7 4.5 4.1 3.5 3.3 3.5 4.1 4.7 4.0 45 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd.
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Experienced and Diverse Board 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 Board of Niva Bupa Health Insurance Company Limited, Equitas Small Finance Bank, Eldeco Infrastructure and Properties Limited and Micro Units Development and Refinance Agency Limited; and Director of CIIE Co. and Finreach Solutions Private Limited. She is also a promoter of Translation Endeavors Private 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 Board of 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. 46 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd. * Ceased to be director w.e.f. Jun 24, 2026
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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 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 48 Investor Presentation – Q1 FY27 | Home First Finance Company India Ltd.