Shares of Home First Finance ticked up 0.8% to ₹1,020 after the company posted a 29% YoY rise in Q2 net profit to ₹170.2 crore—an increase that eclipses the ₹131.8 crore figure from the same quarter a year earlier.
Total income for the September quarter rose 18% to ₹567 crore, up from ₹479 crore a year earlier, while profit before tax climbed from ₹173.2 crore to ₹222.2 crore. Net interest income (NII) mirrored the profit trend, jumping 29% to ₹266.6 crore against ₹206.5 crore last year.
The housing‑finance firm’s gross NPA ratio settled at 1.74%, with a net NPA of 1.34% and a Stage‑3 provision coverage of 23.6%. These ratios sit comfortably below the sector average, suggesting disciplined risk management amid rising lending volumes.
On the board front, Rinkoo Somani, a chartered accountant with 25+ years of experience, was appointed CFO on October 27, effective immediately. Her background spans HDFC, IDFC, and the Dani family office, bringing seasoned oversight to the company’s financial controls.
Looking ahead, Home First Finance has not unveiled FY27 guidance yet, but the Q2 momentum—alongside a stable asset‑quality profile—positions it well for the upcoming quarterly filing. Investors will be watching the company’s performance against the broader housing‑finance sector and the upcoming macro‑economic data releases.