The Board has recommended a dividend on equity shares at the rate of Rs. 5.20/- per share (i.e. 260% of the face value os Rs. 2/-) for the financial year ended march 31, 2026 subject to ....
HOMEFIRST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.2 pts less than Nifty Smallcap 250 and 2.2 pts less than its Housing Finance Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Home First Finance Company India Limited reported strong FY2026 results with profit after tax of Rs. 5,403.83 million, up 41.4% from Rs. 3,820.68 million in FY2025. Total income grew to Rs. 19,327.22 million from Rs. 15,392.03 million. The Board recommended a dividend of Rs. 5.20 per equity share (260% of face value Rs. 2), a 40.5% increase from Rs. 3.70 per share in the previous year, subject to shareholder approval at the AGM. Additionally, the Board approved issuing Non-Convertible Debentures up to Rs. 1,000 crores via private placement, re-appointed two independent directors for second terms, and appointed Batliboi & Purohit as joint statutory auditors due to RBI guidelines for NBFCs with asset size exceeding Rs. 15,000 crores.
The dividend increase signals strong financial health and cash generation, which is positive for shareholders. The 41% jump in net profit demonstrates robust growth in the affordable housing finance business. However, the NCD issuance of up to Rs. 1,000 crores will increase debt levels, which investors should monitor.