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Home First Finance Company Investor Presentation Q2FY27
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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 – Q2 FY27 | Home First Finance Company India Ltd.
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Executive Summary | Q2FY27 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 ₹17,048 Mn 5.2% 2.6% 4.2% 14.9%₹1,702 Mn 3.2% 1.7% +6.3% -10 bps +27.0% +32.2% +4.7% -20 bps -10 bps -10 bps 0 bps -50 bps 0 bps +40 bps 0 bps +150 bps +40 bps+29.1% +6.5% -20 bps (1) As per IGAAP. Excludes Co-lending ₹1,80,098 Mn 3 Investor Presentation – Q2 FY27 | Home First Finance Company India Ltd.
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MD & CEO Commentary on Q2 FY27 “HomeFirst delivered a strong operating performance in Q2 FY27, sustaining healthy business momentum alongside profitability and stable asset quality. The quarter was marked by highest ever disbursements, continued expansion of our distribution franchise and disciplined execution across our markets. As our business scales, our focus remains on translating portfolio growth into sustainable earnings while maintaining underwriting standards and operating efficiency. AUM increased by 27.0% year-on-year to ₹18,010 crore, while quarterly disbursements reached a high of ₹1,705 crore. Growth was supported by healthy customer demand across our target segments, deeper penetration in existing markets and continued investments in our distribution network. Importantly, business momentum was accompanied by strong earnings growth, reflecting our focus on scaling the franchise while maintaining profitability and portfolio quality. Profit After Tax increased by 29.1% year-on-year and 6.5% sequentially to ₹170 crore, outpacing AUM growth of 27.0%. Net Total Income grew by 23.9% year- on-year and 3.3% quarter-on-quarter to ₹343 crore. Return on Assets remained healthy at 4.2%, while Return on Equity stood at 14.9%. Our focus remains on sustaining this relationship between portfolio and earnings growth through disciplined pricing, cost management and efficient capital deployment, while continuing to invest in the franchise. Our cost-to-income ratio stood at 30.8%, compared with 32.7% in the preceding quarter, reflecting our continued focus on operating productivity as the business scales. Spreads, excluding co-lending, moderated by 10 basis points during the quarter. We continue to actively manage asset pricing, funding costs and liability mix, supported by our granular retail portfolio and diversified funding relationships. During the quarter, we added six branches, taking our network to 181 branches and 379 touchpoints. We also added 26 employees on a net basis, primarily in customer-facing roles, bringing our total employee base to 2,014. Asset quality remained stable, reflecting our continued emphasis on prudent underwriting and proactive collections. Early-stage delinquency indicators remained contained, with 1+ DPD at 4.7% and 30+ DPD at 3.2%, while Gross Stage 3 reduced by 10 basis points sequentially to 1.7%. Credit cost remained contained at 40 basis points during the quarter. As the portfolio grows, our emphasis remains on prudent risk selection, early identification of potential stress and consistent collection discipline to preserve the underlying quality of the loan book. Our Green Homes initiative also progressed during the quarter, with an additional 100 homes certified, taking the cumulative total to 650 as of September 2026. Through this initiative, we continue to promote environmentally responsible housing practices and progressively integrate sustainability considerations into our core business activities. This commitment was recognised, with HomeFirst winning the 'ESG & Financial Inclusion' award in the NBFC category at ASSOCHAM's 21st Annual Summit & Awards on Banking & Financial Sector Lending Companies, reaffirming our focus on financial inclusion, responsible business practices and sustainable, long-term value creation. The long-term opportunity in affordable housing finance remains substantial, supported by unmet housing demand, rising homeownership aspirations, urbanisation and increasing formalisation of incomes. Our presence across key markets, expanding distribution network and technology-enabled operating platform provide a foundation to deepen customer penetration and progressively enhance operating productivity. Our priorities for the remainder of FY27 are clear: sustain growth momentum, preserve portfolio quality, protect profitability and improve operating efficiency. As our franchise continues to scale, our emphasis remains on converting business growth into consistent earnings, healthy returns and long-term shareholder value.” 4 Investor Presentation – Q2 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 # 181 Branches 379 Touchpoints 144 Districts 13 States / UT 1,50,834 Customers 87% Loans Approved within 48hrs 33Lenders Diversified Funding Source ₹26,661 Mn Liquidity buffer as on Sep’26Assets Under Management (Sep’26) ₹1,80,098 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. 84% of AUM comprises housing loans with an average ticket size of Rs 1.23 Mn. • Strong liquidity pipeline with positive ALM and zero exposure to commercial papers. AA rated entity with a diversified lender base of 33 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. 2,014 employees with a median age of 26 years. 5 Investor Presentation – Q2 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 1,80,098 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 H1FY27 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 (anaffiliateof 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 ₹1,80,098 Mn Assets Under Management Scalable operating model 175+ Physical Branches Investor Presentation – Q2 FY27 | Home First Finance Company India Ltd.
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37.9% 47.9% 14.2% DIIs FIIs & FPIs Public & Others Shareholding as on 23 Oct’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) – Sep’26: 3.9% (Mar’26: 3.0%) * Holding through various schemes and funds including advisory mandates 7 DIIs % Holding* HDFC Mutual Fund 8.1 Kotak Mutual Fund 5.1 True North Fund V LLP 4.7 Aditya Birla Sunlife Mutual Fund 2.9 ValueQuest AIF 1.8 HDFC Life 1.5 Tata AIA Life Insurance 1.4 Canara Robeco Mutual Fund 1.2 ICICI Lombard 1.1 Bajaj Life Insurance 1.1 Tata AIG General 1.1 Mirae Mutual Fund 1.0 Sundaram Mutual Fund 1.0 ICICI Pru Life 0.9 Invesco India Mutual Fund 0.8 Kedaara Capital 0.7 Edelweiss Mutual Fund 0.6 FIIs & FPIs % Holding* Fidelity International 9.7 Capital Group 7.1 Norges Bank Investment Management 5.2 Vanguard Group 3.9 International Finance Corporation 3.4 Goldman Sachs India Equity 2.9 Aether (Mauritius) Limited (GIC)^ 2.3 BlackRock Global 1.8 Pictet Group 1.7 Lion Global Investors 1.3 Barings LLC 0.7 Kuwait Investment Authority 0.7 Envision India Fund 0.6 Schroders Investment Management 0.6 William Blair 0.5 No. of Shareholders 76,292 Investor Presentation – Q2 FY27 | Home First Finance Company India Ltd.
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Distinguished Board of Directors 8 Investor Presentation – Q2 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. Past: MD and Regional President at Dyson, Country Head at Samsung, Operations Director at Airtel, CMO at Nokia and VP at Unilever Current: Independent Director at Equitas SFB, Niva Bupa, ELDECO Infrastructure and Properties, MUDRA. Promoter at Translation Endeavors Private Limited and Ashoka Incubation Centre 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 (1) Independent / Non- Executive Director Sucharita Mukherjee Independent / Non- Executive Director Manoj Viswanathan Managing Director And CEO Vineet Taneja (2) Additional Independent / Non-Executive Director Sriram Hariharan Independent / Non- Executive Director (1) Anuj Srivastava will be ceased to be a director with effect from October 31, 2026. (2) Vineet Taneja appointed as an Additional Independent, Non-Executive Director with effect from October 24, 2026 Current: Independent Consultant
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Experienced Management Team 9 Investor Presentation – Q2 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: Chartered Accountant Experience: Dani Family Office, HDFC Bank, HDFC Limited, IDFC FIRST Bank, IDFC 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 New | 25 04 | 2107 | 20 Manoj Viswanathan Managing Director & CEO Ajay Khetan Dy. Chief Executive Officer & CBO Gaurav Mohta Chief Marketing Officer Rinkoo Somani * Chief Financial Officer Rupesh Mehta Head of Information Technology Ashishkumar Darji Chief Risk Officer Ramakrishna Vyamajala Chief Human Resource Officer Years at HomeFirst Total years of experience * Rinkoo Somani has been appointed as the Chief Financial Officer (CFO) of the Company with effect from October 27, 2026. Nutan Gaba Patwari ceased to hold the office of Chief Financial Officer (CFO) of the Company with effect from August 31, 2026. She continues to provide advisory support to the Company.
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Self-Employed Customer 3 Age: 40 / Location: Vijayawada, Andhra Pradesh Formal Salaried Customer 1 Age: 42 / Location: Tirupur, Tamil Nadu Informal Salaried Customer 2 Age: 34 / Location: Navsari, Gujarat Meet Our Customers 10 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 Investor Presentation – Q2 FY27 | Home First Finance Company India Ltd. Applicant is a carpenter with a combined household income of ₹1,05,000 per month. • The applicant is a carpenter cum interior architect and has been in this profession for 20 years. He earns income of ₹60,000 per month. • His wife, the co-applicant, has her own tailoring business, earning around ₹45,000 per month. She has been in this profession for past 10 years. • Assessment based on self-employed income and business cash flows. • Home Loan sanctioned: ₹23 lakh. • ROI of 13.55% and EMI of ₹27,852. First disbursal on 16th March 2026.
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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 56% of AUM • First time home buyers • 16% 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 Q2FY27 (1) ~43% loans with Average ticket size between INR 0.5 -1.5mn as of Sep’26 81 For Q2FY27 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 – Q2 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'sGDPFY’2 5 ( %) Physical branches - 181 Proposed branches - 62 Digital branches - 136 379 Touchpoints Note:Source for Contribution of states to India'sGDP: RBI Touchpoints 144 13 379 States/UTDistrictsBranches 181 States/Territories Number of Percentage of gross loan assets as on Branches Districts Sep’26 Sep’25 Mar’26 Mar’25 Gujarat 41 23 28.6% 28.6% 28.5% 28.9% Maharashtra 30 20 15.4% 14.5% 15.0% 13.9% Madhya Pradesh 20 13 11.2% 9.1% 10.3% 8.2% Tamil Nadu 27 24 10.0% 12.1% 10.9% 13.0% Telangana 10 14 7.6% 8.4% 8.0% 8.5% Rajasthan 10 9 6.8% 6.3% 6.5% 6.2% Uttar Pradesh & Uttarakhand 12 13 6.2% 6.3% 6.2% 6.5% Karnataka 8 7 5.9% 6.0% 6.0% 6.3% Andhra Pradesh 15 13 5.3% 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 181 144 100.0% 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“asis” without warranty or any representationof accuracy,timelinessor completeness Business commenced in 6 new physical branches 12 Investor Presentation – Q2 FY27 | Home First Finance Company India Ltd. Gujarat Maharashtra Rajasthan Madhya Pradesh Haryana & NCR Uttarakhand Uttar Pradesh Karnataka Tamil Nadu Andhra Pradesh Telangana Chhatisgarh
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Omni Channel Lead Generation Strategy 77.0% 11.2% 2.0%2.3%2.7%1.4%0.8%2.6%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 | Q2 FY27 94.3% connectors registered on the Connector App 13 Investor Presentation – Q2 FY27 | Home First Finance Company India Ltd.
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26% 41% 33% Less than 50% 50-80% Above 80% 88% 12% EMI Pre-EMI 35% 44% 21% Less than 50% 50-80% Above 80% Data Science Backed Centralised Underwriting Sep’26 Sep’26 56.6% Sep’26 49.1% Loans Approved within 48hrs 87% Risk Management Design AI-enabled Centralised For Q2FY27 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 • 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 – Q2 FY27 | Home First Finance Company India Ltd. • AI enabled decision services serve sourcing, underwriting, collections & servicing • ClariFi Multi-Agent Underwriting system, helps deliver faster & more accurate decisions. • Decision Models built on features and behaviour data since inception. 14
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• 100% Cloud-Based Architecture: India-based data centres for scalability, reliability and data residency. • Scalable Microservices Architecture: Modular services that let new products plug into the same decision layer. • CDC-enabled streaming architecture: Near real-time replication of all source systems into a governed data lake. • People decide: AI prepares evidence and recommendations; underwriters, credit committees and collectors own outcomes. Integrated Services ML/AI and DecisionsData PlatformPlatform • Unified Platform: One integration layer connecting CRM, loan management and partner systems. • Intelligent Infrastructure Monitoring: Proactive tracking and alerts keep the platform stable at scale. • Modern DevOps Pipeline: Automated testing and release gates, including model validation, before every deployment. • Seamless API Integrations: Live links to Karza, Perfios, Digitap, DigiLocker, bureaus and account aggregators. • Automated Digital Onboarding: Consent-led journeys with account aggregator data, e-sign and e-stamp. • Multichannel Communication: CUE runs voice, WhatsApp and SMS journeys from one customer record. • Data Analytics: Tableau and open-source tools, with role-based access and lower licensing cost. • Real-time dashboards: Live turnaround, cohort and channel KPIs for leadership and operations. • Strong data modelling pipeline: Spark ETL builds reusable features shared by underwriting, sourcing and collections. • Shared decision services: ClariFi, BankLens, Cue and DocIQ are live; ARJUN follows as a virtual underwriter in Phase 3, with human sign-off. • Model lifecycle: AutoML experiments promoted through a registry, with monitoring and rollback, and Kill Switch. • Model governance: Independent validation, drift and fairness checks, with an audit trail before each release. Scalable Operating Model with Enterprise Grade AI Investor Presentation – Q2 FY27 | Home First Finance Company India Ltd. Phased delivery: Phase 1 foundation (Oct 2025 to Mar 2027), Phase 2 extend the chain (Apr to Sep 2027), Phase 3 agentic decisions (Oct 2027 to Mar 2028). Governance spine: consent, audit trail and model risk review apply to every layer. • Build Once, Use across the value chain: Shared data, features and decision services serve sourcing, underwriting, collections and servicing. 15
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Live Proprietary AI Products: Features and Results Investor Presentation – Q2 FY27 | Home First Finance Company India Ltd. Multi-agent Underwriting System An orchestration pipeline of AI models that sets out the risk and mitigation context for the credit underwriter. Features • Case summary. Provides an end-to-end mortgage application risk summary. • Inconsistencies. Highlights key inconsistencies across information sources. • Reasoning. Insights and reasoning, with citations & drill-down on demand. • Faster, more consistent. Reduces TAT and improves quality of underwriting. • Proprietary Bureau Model. Bureau Model built on top of score, basis trades & historical behavior. Communication Hub A multi-agent, omni-channel platform that initiates and orchestrates customer interaction across the lifecycle. Features • Omni-Channel Interaction. Engagement & Information-gathering layer across Voice, WhatsApp, SMS and more. • Smarter Engagement. Right Message, Right Channel, Right Time. • Better Decisions. Data driven actions that improve outcomes. • Data Rich Conversation Intelligence. Every interaction builds data-centric customer 360 degree view. • Business Outcomes. Higher conversions & better customer experience. Banking Analyzer A multi-agent analyzer that validates income, expenditure and turnover, maps money trails and flags anomalies. Features • One case view. Output feeds the ClariFi case page, with an AI-written overview available for the underwriter. • Budgeting. Exhaustive analysis of income, expense, cash-flows in a capsule. • Counterparty & AML. Intelligent transaction scrutiny to identify risky patterns. • Risk visibility. Insights for higher risk visibility, irregularities & red flags. • Faster decisions. Faster analysis that supports more informed decisions. Multi-lingual Doc Interpreter Reads, extracts and interprets every document type, combines records and stores data chunks as vectors. Features • Document type. Identifies, classifies & fact checks across sources. • Multi-lingual OCR. Reads scans hand- written or stamped pages & tables in five languages. • Key information. Extracts information credit underwriters' need for decisioning. • Faster search. Find any fact across documents in an instant. • Triangulation. Builds chain and creates inference across documents. 30K loan files processed; ~87 sec per full case 95% of customer calls run through Cue 150 K Statements analysed; 67 sec on avg. 400 K documents fully Read & extracted Figures: Home First production records to 16 Oct 2026. Feature descriptions reflect live capabilities.16
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Digital Adoption 46% 44% 44% 43% 40% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 87% 85% 83% 78% 81% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Note: Service requests raised are a count of unique requests made by the customers on the app. 98% 98% 98% 98% 98% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 96% 96% 96% 96% 96% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 % Customers registered on App Unique user logins as % of active customers % of Service Requests raised on App % Non -cash collections 4.3 1m 59 sec No of Payments via Customer App For Q2FY27 For Q2FY27 ₹32,435 21,180 Source: HomeFirst App Database Customer Rating on Google Playstore As of 14 Oct’26 Avg time spent by user on the app per session For Q2FY27 17 Average payment per user on app Investor Presentation – Q2 FY27 | Home First Finance Company India Ltd.
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Building the Brand HomeFirst 18 Investor Presentation – Q2 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 – Q2 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 (94% of total in Q2FY27) • E-Stamping (79% of total in Q2FY27) • E-NACH mandates (84% of total in Q2FY27) 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 14 Oct’26 As of 14 Oct’26 As of 14 Oct’26 21 Investor Presentation – Q2 FY27 | Home First Finance Company India Ltd.
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Jinal Patel Sashakt Beneficiary Diva Salon 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 360 individuals were certified across four trades through the Sashakt Skilling Centres at Narol and Naroda. Additionally, 45 students are currently undergoing training at the 2 and 4-wheeler EV Lab, while 93 beneficiaries are currently working at Diva Salon and Design Studio. • Education: Bal Sashakt was successfully conducted in schools across Narol and Naroda, engaging 418 students through interactive learning and developmental activities. 168 students participated in an educational visit to Science City, providing them with hands-on exposure to science and innovation. 106 Students participated in the summer camp. • Health: 26 OPD camps were organized across Narol and Naroda, providing healthcare services to 1895 individuals through weekly consultations. 2 ration kits were distributed in LG Hospital. • Financial Literacy: Financial literacy sessions were conducted, and 4200+ 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 Q2FY27, 6,500+ 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 • 28% women overall • 48% women at head office Employee Ownership As of 30 Sep’26, 289 employees are covered under ESOP programs – comprising of 14.3% of employee base Jinal gained professional skills with the support from Sashakt and Diva Salon. She began working through Yes Madam, and earned ₹30,000 in her first month, achieving greater confidence and financial independence. Nisha completed Beauty & Wellness training at Sashakt Skilling Centre and secured a job at Swara Beauty Care, earning ₹8,000 monthly while supporting her family and moving towards financial independence. Rohan completed Tally & GST training at Sashakt Skilling Centre and secured his first job as a Professional Accountant, earning ₹15,000 monthly while supporting his family and achieving financial independence. Rohan Rajput Sashakt Beneficiary Tally GST Nisha Kudiya Sashakt Beneficiary Beauty Wellness Lalita received tailoring training at Diva Design Studio, Naroda, and now earns through tailoring, supports her children, and contributes to household expenses while moving towards financial independence. Lalita Nagoda Sashakt Beneficiary Design Studio Sashakt Stories 22 Investor Presentation – Q2 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; 650 Green Homes have been certified as of Sep’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 ~56% of AUM. • Feature rich mobile apps to provide seamless service and to track NPS score as a feedback mechanism. Our NPS score for Q2FY27 is 81. • 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 (14 Oct’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 1516 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 won the 'ESG & Financial Inclusion' award in the NBFC category at ASSOCHAM's 21st Annual Summit & Awards on Banking & Financial Sector Lending Companies. • 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 – Q2 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 56% of our book size. Overall, ~91% 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 6 of 7 Directors are non-executive 6 of 7 Independent Directors 2 of 7 Woman Directors 24 Investor Presentation – Q2 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 – Q2 FY27 | Home First Finance Company India Ltd.
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Business Updates
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12,894 13,184 15,724 16,284 17,048 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 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 1,41,781 1,49,249 1,58,777 1,69,379 1,80,098 Sep'25 Dec'25 Mar'26 Jun'26 Sep'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 32.2% growth y-o-y 4.7% growth q-o-q 27.0% growth y-o-y 6.3% growth q-o-q 31% CAGR (4 Years FY22-FY26) 4.4% BT Out rate for Q2FY27 (annualized) Investor Presentation – Q2 FY27 | Home First Finance Company India Ltd.
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1% 17% 26%22% 20% 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 84% 1% 15% Housing Loan Shop Loans LAP AUM by Occupation Both credit tested and new to credit customers AUM by Product Consistent Portfolio Metrics | Sep’26 Sharp focus on housing loans High ratio of salaried customers AUM by Credit history AVG:750 Credit Bureau Score AUM by Ticket Size ATS: 12.3 L* * Loans originated for Co -Lending are excluded while computing ATS All figures as of Sep’26 14% 28 Investor Presentation – Q2 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 13.3% 13.3% 13.1% 13.0% 12.9% 13.4% 13.4% 13.2% 13.1% 13.0% 8.1% 8.1% 7.9% 7.8% 7.8% 8.1% 8.0% 7.9% 7.8% 7.8% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 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 5.2% 5.2% 5.2% 5.2% 5.1%5.3% 5.4% 5.3% 5.3% 5.2% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Last 5QuartersLast 5 Years Net Interest Spread Movement * * Loans originated for Co -Lending are excluded while computing origination yield for Q2FY27 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 Origination yield for Q2FY27 stood at 13.0% Marginal COB for Q2FY27 stood at 7.5% Investor Presentation – Q2 FY27 | Home First Finance Company India Ltd.
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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% 15.6% 16.6% 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 Q2FY27 Oct'26 30 Investor Presentation – Q2 FY27 | Home First Finance Company India Ltd.
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Healthy Leading Indicators Collection Efficiency Collection Efficiency (1) Unique Customers (2) 98.4% 98.0% 97.9% 98.1% 98.2% 98.5% 98.3% 98.4% 98.8% 98.0% 98.3% 98.4% 98.4% 98.1% 98.3% 97.3% 97.1% 96.9% 97.0% 97.0% 97.2% 97.1% 97.3% 97.3% 97.1% 97.2% 97.3% 97.3% 97.2% 97.2% Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-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 – Q2 FY27 | Home First Finance Company India Ltd.
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Sound Credit Indicators 1.4% 1.1% 1.1% 1.3% 1.4% 1.8% 1.7% 1.4% 1.4% 1.5% 2.3% 1.6% 1.7% 1.7% 1.8% 1.9% 2.0% 1.8% 1.8% 1.7% Mar'22 Mar'23 Mar'24 Mar'25 Mar'26 Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 Stage 2 / POSStage 3 / POS 2.3% 1.6% 1.7% 1.7% 1.8% 1.9% 2.0% 1.8% 1.8% 1.7% Mar'22 Mar'23 Mar'24 Mar'25 Mar'26 Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 1.8% 1.1% 1.2% 1.3% 1.4% 1.5% 1.6% 1.4% 1.4% 1.3% Mar'22 Mar'23 Mar'24 Mar'25 Mar'26 Sep'25 Dec'25 Mar'26 Jun'26 Sep'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% 5.5% 5.3% 4.7% 4.7% 4.7% Mar'22 Mar'23 Mar'24 Mar'25 Mar'26 Sep'25 Dec'25 Mar'26 Jun'26 Sep'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% 3.2% Asset quality at healthy levels (1) (1) 3.7% 3.7% 32 Investor Presentation – Q2 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₹ 21,939.8Mn outstanding 20+lines 1,52,8911,37,2111,32,8401,19,7161,10,559 (1) Total Funding 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 Funding (₹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 DBS 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 33 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 28% 28% 26% 24% 24% 23% 22% 22% 25% 32% 31% 34% 36% 36% 35% 36% 35% 33% 2% 2% 2% 1% 1% 1% 1% 1% 1% 16% 17% 16% 16% 15% 16% 15% 14% 14% 3% 3% 2% 2% 2% 2% 2% 2% 2% 3% 3% 3% 2% 3% 4% 5% 5% 3% 3% 3% 3% 4% 4% 5% 4% 4% 14% 13% 13% 14% 15% 15% 16% 17% 16% 8.4% 8.4% 8.4% 8.4% 8.1% 8.1% 7.9% 7.8% 7.8% Sep'24 Dec'24 Mar'25 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 Sep'24 Dec'24 Mar'25 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 Pvt Sector BanksNBFCDA COB%(Represents quarterly avg.)NCDECBCo-Lending NHB Refinance Public Sector Banks Investor Presentation – Q2 FY27 | Home First Finance Company India Ltd.
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ALM Position as of Sep’26 - Cumulative Inflow Outflow 15,812 19,304 22,498 29,139 59,248 46,786 Classification of assets and liabilities underdifferent maturity buckets is based on the same estimatesand assumptionsas used by the Company for compiling the detailed ALM return submitted to NHB. 32,402 46,336 68,137 1,47,195 2,14,531 2,69,140 16,590 27,032 45,639 1,18,056 1,55,283 2,22,354 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 Positiveflows across all the time buckets 34 Investor Presentation – Q2 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 2,809 350 502 609 676 417 345 226 545 781 966 1,009 318 460 18 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 ₹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 thecompany’s portfolio 2,620 2,720 3,158 2,960 35 3,313 ₹6,140 Mn Investor Presentation – Q2 FY27 | Home First Finance Company India Ltd. 2,827
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Strong Liquidity Position Data as per IGAAP Particulars (in ₹Mn) Q3FY27 Q4FY27 Q1FY28 Q2FY28 Opening Liquidity 26,661 28,144 29,608 30,978 Add: Principal Collections & Surplus Operations 10,584 10,403 10,239 10,069 Less: Debt Repayments 9,101 8,939 8,869 8,491 Closing Liquidity 28,144 29,608 30,978 32,556 Liquidity Buffer as on Sep’26 (in ₹Mn) Unencumbered Cash and Cash equivalent 18,161 Un-availed Sanction from NHB - Un-availed Sanction from Banks 8,500 Total 26,661 36 ₹ 24,891 million Liquidity raised during H1FY27 Investor Presentation – Q2 FY27 | Home First Finance Company India Ltd. Projected liquidity in subsequent quarters
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Financial Updates
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11.8% 13.5% 15.5% 16.5% 15.7% 13.4% 13.7% 14.0% 14.5% 14.9% FY22 FY23 FY24 FY25 FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Robust NW to support growth Financial Highlights 15,737 18,173 21,215 25,213 43,565 40,144 41,803 43,565 44,827 46,651 Mar'22 Mar'23 Mar'24 Mar'25 Mar'26 Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 1,318 1,402 1,494 1,599 1,702 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 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% 3.8% 4.0% 4.1% 4.2% 4.2% FY22 FY23 FY24 FY25 FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 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 3.5x 3.6x 32 53 62 337 13,172 105 139 Profit After Tax ( ₹Mn ) Net worth ( ₹Mn ) Return on Average Assets Return on Average Equity 12,715 3.5x 3.4x 12,940 29.1% growth y-o-y 6.5% growth q-o-q 38 Investor Presentation – Q2 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 endedSep’26 Loans– Principal Outstanding 1,45,611.5 2,135.5 2,619.8 1,50,366.8 ECL Provision 321.8 235.9 618.3 40.7 1,216.7 Net Loans– Principal Outstanding 1,45,289.7 1,899.6 2,001.5 1,49,150.1 ECL Provision % 0.2% 11.0% 23.6% 0.8% For period endedJun’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 endedSep’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% Sep’26 46.4% Jun’26 45.3% Sep’25 40.8% Investor Presentation – Q2 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) Q2FY27 Q1FY27 Q2FY26 QoQ YoY Interest Income on term loans 4,699.1 4,392.5 3,885.6 7.0% 20.9% Net gain on DA 350.5 364.8 249.5 Income other than interest income on term loans(1) 620.8 641.1 655.4 Total Income 5,670.4 5,398.4 4,790.5 5.0% 18.4% Interest expense 2,238.3 2,077.1 2,019.9 Net Interest Income 2,460.8 2,315.4 1,865.7 6.3% 31.9% Net Total Income 3,432.1 3,321.3 2,770.6 3.3% 23.9% Operating Expenses(2) 1,055.9 1,086.0 885.8 PPOP 2,376.2 2,235.3 1,884.8 6.3% 26.1% Credit Cost 154.1 159.0 152.4 Profit before tax 2,222.1 2,076.3 1,732.4 7.0% 28.3% Tax expense 520.2 477.8 413.9 Profit after tax 1,701.9 1,598.5 1,318.5 6.5% 29.1% Basic EPS 16.3 15.3 12.8 Diluted EPS 16.1 15.2 12.5 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, net gain on fair value changes, other interest income, fees and commission income, other operating income and other income (2) Operating Expenses is the sum of EmployeeBenefits Expenses, Depreciation and Amortization, Intereston lease liability and other expenses for the relevantyear or period as per thefinancial statements. Investors & Analyst can download the excel version of operational & financial numbers from our website link. 41 Investor Presentation – Q2 FY27 | Home First Finance Company India Ltd.
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RoE Tree Particulars Q2FY27 Q1FY27 Q2FY26 FY26 FY25 Interest Income on term loans / Average total assets 11.5% 11.4% 11.3% 11.5% 11.8% Net Gain on DA / Average total Assets 0.9% 0.9% 0.7% 0.8% 0.9% Income other than interest income on term loans/ Average total assets 1.5% 1.7% 1.9% 1.7% 1.5% TotalIncome / Average total assets 13.9% 14.0% 13.9% 14.0% 14.2% Interest on borrowings and debt securities / Average total assets 5.5% 5.4% 5.9% 5.8% 6.6% Net Interest Margin 6.0% 6.0% 5.4% 5.7% 5.2% Net TotalIncome / Average total assets 8.4% 8.6% 8.0% 8.2% 7.6% Operating Expenses / Average total assets 2.6% 2.8% 2.6% 2.7% 2.7% PPOP/ Average total assets 5.8% 5.8% 5.4% 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% 5.4% 5.0% 5.1% 4.6% Taxexpense / Average total assets 1.2% 1.2% 1.2% 1.2% 1.1% Profit after tax on averagetotal assets 4.2% 4.2% 3.8% 3.9% 3.5% Leverage(Average total assets / average Equity or average Net worth) 3.6 3.5 3.5 4.0 4.7 Profit after tax on average equity or average Net worth (ROE) 14.9% 14.5% 13.4% 15.7% 16.5% Average interest earning assets as % of average total assets 88.9% 88.9% 84.5% 87.5% 87.1% Average interest bearing liabilities as % of average total assets 70.4% 69.6% 70.3% 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 – Q2 FY27 | Home First Finance Company India Ltd.
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Key Financial Ratios Particulars Q2FY27 Q1FY27 Q2FY26 FY26 FY25 Profit after tax on average total assets (ROA) 4.2% 4.2% 3.8% 3.9% 3.5% Leverage(Average total assets / average Equity or average Net worth) 3.6 3.5 3.5 4.0 4.7 Profit after tax on average equity or average Net worth (ROE) 14.9% 14.5% 13.4% 15.7% 16.5% Cost to Income Ratio (Operating Expenses / Net TotalIncome) 30.8% 32.7% 32.0% 32.5% 35.8% Operating Expenses / Average total assets 2.6% 2.8% 2.6% 2.7% 2.7% Average Debt to equity ratio 2.5 2.4 2.5 2.9 3.6 CRAR (%) 39.8% 42.6% 48.4% 44.1% 32.8% CRAR - Tier I Capital 39.4% 42.2% 48.0% 43.8% 32.4% CRAR - Tier II Capital 0.4% 0.4% 0.4% 0.3% 0.4% Book Value Per Share 446.2 428.9 387.6 417.6 280.0 43 Investor Presentation – Q2 FY27 | Home First Finance Company India Ltd.
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Balance Sheet Particulars (in₹Mn) Sep’26 FY26 FY25 ASSETS Cash & cash equivalents and Other bank balance 11,881.1 8,410.2 9,382.4 Loans 1,49,190.9 1,31,326.1 1,06,487.0 Investments 6,722.8 8,122.4 3,602.4 Other financial assets 3,249.2 3,033.8 1,881.8 Property,plant and Equipment* 560.2 541.3 447.0 Deferred TaxAssets (Net) 0.0 0.0 0.0 Non-financial assets other than PPE 244.0 231.6 316.1 TOTALASSETS 1,71,848.2 1,51,665.4 1,22,116.7 LIABILITIES & EQUITY Payables 222.1 164.0 160.9 Debt Securities 3,785.6 2,274.4 2,848.4 Borrowings 1,18,675.5 1,03,626.1 92,658.6 Other financial liabilities 1,702.6 1,340.9 871.1 Provisions 211.7 146.2 93.9 Deferred TaxLiabilities (Net) 74.5 31.8 23.7 Other non-financial liabilities 525.0 516.6 247.3 Equity 46,651.2 43,565.4 25,212.8 TOTALLIABILITIES & EQUITY 1,71,848.2 1,51,665.4 1,22,116.7 * Including right to use assets. 44 Investor Presentation – Q2 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 – Q2 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 and Ashoka Incubation Centre. 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. Vineet Taneja Additional Independent / Non-Executive Director Mr. Vineet Taneja holds a Mechanical Engineering degree from IIT Roorkee and a postgraduate qualification in Business Management from IIM Calcutta. He is a business leader with over 35 years of experience across FMCG, telecom, consumer durables and appliances in India and international markets. As Regional President at Dyson, he scaled the business to over US$1 billion in revenue, while as CEO of Micromax, he helped establish it as India’s second-largest mobile phone brand. He has also held senior leadership roles at Bharti Airtel, Nokia and Unilever, driving business growth, brand building and digital transformation. He currently advises corporates, start-ups and private equity firms on growth strategy. 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 – Q2 FY27 | Home First Finance Company India Ltd. * Anuj Srivastava will be ceased to be a director with effect from October 31, 2026.
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Thank You For further information, please contact 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 – Q2 FY27 | Home First Finance Company India Ltd.