Q2 FY27 profit rises 29.1% as assets cross ₹18,000 crore
HOMEFIRST · price
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Awaiting price reaction for this filing.
HomeFirst reported Q2 FY27 assets under management of ₹18,010 crore, up 27.0% year on year, and disbursements of ₹1,705 crore, up 32.2%. Total income rose 18.4% to ₹567 crore and profit after tax increased 29.1% to ₹170 crore. The gross bad loan ratio improved 10 basis points sequentially to 1.7%, while cost-to-income fell to 30.8%. Spread declined 10 basis points to 5.2%. Borrowings were ₹12,246 crore and liquidity was ₹2,666 crore.
Growth, higher profit and stable asset quality are positive, but spread compression and lower capital adequacy from 42.6% to 39.8% warrant monitoring.