Home First Finance Company India Ltd (HOMEFIRST) Q1 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch

CompoundingAI Research Updated July 23, 2026 3 min read

Home First Finance Company India Ltd operates in the affordable housing segment, where the firm is currently navigating a transition from a period of stalled disbursement growth to its ambitious FY27 expansion targets. Investors will be closely watching for signs of margin resilience against rising incremental funding costs and whether the company can bring credit costs back within its guided range.

Quick Details

Results date	July 27, 2026
Quarter	Q1 FY 2026-2027
Previous quarter revenue	Rs. 236.4 Cr
Previous quarter PAT	Rs. 149.4 Cr
Previous quarter NII	Rs. 236.4 Cr
Market cap	Rs. 12473.0 Cr
CMP	Rs. 1193.3

Home First Finance Company India Ltd Q1 Results Date and Time

The company has scheduled a board meeting for July 27, 2026, to consider the audited financial results and recommend dividend for FY 2026-2027.

What to expect from Home First Finance Company India Ltd's Q1 FY27 results

Home First Finance faces a moderate headwind to net interest margins as incremental borrowing costs are estimated to rise 30–50 bps from February 2026 levels. The firm's disbursement growth, which was essentially flat at 0.02% in Q4 FY26, remains the primary swing factor for achieving its medium-term AUM target of Rs. 20,000 Cr by March 2027. Asset quality remains a critical focus area, with credit costs reaching 47.8 bps in the previous quarter, exceeding the 30–40 bps guidance range. Management commentary on the upcoming call will likely address whether the recent credit cost elevation is transient and how the company plans to accelerate disbursements amid a revised RBI GDP growth projection of 6.6% for FY27.

Key Things To Watch

Performance vs Guidance Tracking: The company is recalibrating its growth trajectory following a significant miss on disbursement targets in the previous quarter.

Disbursement growth — 20–25% target — Missed in Q4 FY26 at 0.02%
Spread — 5.0–5.25% target — Achieved 5.36% in Q4 FY26
Cost of borrowings — ~8.0% target — Achieved 7.87% in Q4 FY26
Credit cost — 30–40 bps target — Missed in Q4 FY26 at 47.8 bps
ROE — 15%+ target — Achieved 15.7% in Q4 FY26

Operating metric trajectory: Key indicators of portfolio health and growth momentum heading into the new fiscal year.

AUM growth decelerated from 31.1% in Q1 FY26 to 23.3% by Q4 FY26
GNPA worsened to 2.0% in Q4 FY26 from 1.7% earlier in the fiscal year
Incremental cost of funds expected to rise 30–50 bps from February 2026 levels

Risks and headwinds to monitor: External and internal factors influencing the near-term operational environment.

RBI revised FY27 GDP projection downward to 6.6% from 6.9% due to West Asia conflict risks
Limited transmission of policy rate cuts keeping borrowing costs elevated
Rising credit costs impacting the bottom line relative to previous internal guidance

Frequently Asked Questions

How did Home First Finance's credit costs perform in the previous quarter?

Credit costs reached 47.8 bps in Q4 FY26, which was above the company's guided range of 30–40 bps. This increase coincided with a rise in GNPA to 2.0% from 1.7% earlier in the fiscal year.

What is the status of the company's AUM growth target?

Management has set a medium-term target of Rs. 20,000 Cr AUM by March 2027, up from the Rs. 13,132.6 Cr base reported at the end of Q4 FY26. Achieving this requires a significant acceleration in disbursements, which were essentially flat in the previous quarter.

Is the company's net interest margin expected to face pressure?

NIM may face mild compression due to rising incremental borrowing costs, which are estimated to increase by 30–50 bps from February 2026 levels. This headwind is compounded by a flat repo rate environment that limits the company's ability to reprice its loan book.