Home First Finance Q2 results: Net profit rises 29% to ₹170 crore; NII up 29%

What happened

Home First Finance Company India reported a 29.1% year-on-year rise in net profit to ₹170.2 crore for the September quarter, up from ₹131.8 crore. Net interest income rose 29.1% to ₹266.6 crore, and total income increased to ₹567 crore.

Confirmed

Global impact / market context

Faster profit growth than income growth suggests the lender is earning more profit per sale, which means more of each interest rupee survives after costs. That supports internal cash generation, making the company less reliant on borrowed money to fund new home loans.

Analyst inference

For a housing finance company, asset quality shapes lending capacity. A 1.74% gross bad-loan ratio signals modest stress, while the new chief financial officer's treasury and capital-planning experience matters for funding costs and capital spending decisions.

Analyst inference

What to watch

1. Gross non-performing assets, which are loans unpaid for a long period, stood at 1.74% as of September 30, 2026, with net NPA at 1.34% and provision coverage for Stage 3 loans at 23.6%. Confirmed
2. The board approved Rinkoo Somani as chief financial officer effective October 27; watch whether her treasury and capital-planning background changes funding mix, borrowing costs, or disclosure detail. Proposed
3. Track whether net profit and net interest income keep growing near 29% while bad loans stay contained; slower loan growth or higher credit costs would pressure profit per sale. Analyst inference

Evidence

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