Home First Finance FY26 Results: Profit, Dividend, and Funding

Revenue from operations for the year ended March 31, 2026, was ₹19,145.89 million.
Profit after tax for the year ended March 31, 2026, was ₹5,403.83 million.

Key Financials and Board Decisions

Home First Finance Company India Ltd's Board has approved the audited financial results for the fiscal year ending March 31, 2026. The company posted a profit after tax (PAT) of ₹5,403.83 million for the year.

For the final quarter (Q4 FY26), PAT stood at ₹1,494.45 million on revenue from operations of ₹5,014.10 million.

The Board also recommended a dividend of ₹5.20 per equity share, subject to shareholder approval.

Further, the company received board approval to issue Non-Convertible Debentures (NCDs) up to ₹1,000 crore via private placement. Re-appointments of directors and the appointment of joint statutory auditors were also cleared.

Financial Performance and Funding Strategy

The profit performance for FY26 reflects the company's operational activities and growth. The recommended dividend offers a direct return to shareholders. The approval for a ₹1,000 crore NCD issuance aims to strengthen the company's funding base for future lending and growth.

Funding and Growth Context

Home First Finance is a technology-driven affordable housing finance firm known for strengthening its capital base to fuel expansion. It raised ₹1,250 crore through a Qualified Institutional Placement (QIP) in April 2025 and secured ₹280 crore from the International Finance Corporation (IFC) in December 2022 for green housing projects. The company also has co-lending partnerships with major banks like Axis Bank and Central Bank of India. HFFC previously raised funds via NCDs, including ₹240 crore in FY20-21, and successfully completed its IPO in January 2021.

Its Assets Under Management (AUM) have shown steady growth, reaching ₹14,925 crore by December 31, 2025, up from ₹12,713 crore in March 2025.

Upcoming Shareholder Votes and Approvals

Shareholders will vote on the recommended dividend payout, the re-appointment of directors Ms. Geeta Dutta Goel and Mr. Anuj Srivastava for second terms, and the appointment of M/s. Batliboi & Purohit as joint statutory auditors at the upcoming Annual General Meeting.

The company can now proceed with the NCD issuance process, subject to all necessary regulatory and shareholder approvals, to raise significant capital.

Regulatory and Compliance History

The NCD issuance and dividend require standard shareholder and regulatory approvals. The company has faced past regulatory scrutiny. In December 2023, an employee faced a penalty from SEBI for an insider trading code violation related to share sales without pre-clearance. Additionally, the company had faced penalties from the National Housing Bank (NHB) in 2019 and 2020 for non-compliance with housing finance directions.

Competitive Landscape

Home First Finance operates in the housing finance sector alongside companies like Bajaj Finance, Shriram Finance, Aavas Financiers, and India Shelter Finance Corporation. These peers also focus on retail lending, with some specializing in affordable housing segments, indicating a competitive landscape for capital and market share.

Investor Focus Areas

Investors will monitor the timeline and terms of the ₹1,000 crore NCD issuance. Shareholder approvals for the dividend and director/auditor appointments are key upcoming events. The company's ability to manage asset quality and fund growth remains a focus.