Home First up 9%

Home First Finance Company India is currently the top gainer on the BSE, rising about 8 to 9% to trade around the Rs. 1,210 level, as investors reacted positively to the lender’s latest quarterly update. The stock has been moving within a 52-week range of roughly Rs. 878 to 1,519, implying a market capitalisation of about Rs. 12,300 crore at current levels.

The immediate trigger is the company’s Q3FY26 performance for the quarter ended December 31, 2025, where it reported disbursements of Rs. 1,318 crore (up 10.5% YoY) and AUM of Rs. 14,925 crore (up 24.9% YoY, 5.3% QoQ). Profit after tax rose 44% YoY to Rs. 140 crore, while total income grew 18.7% YoY to Rs. 484 crore, supported by operating leverage with cost-to-income improving to 32.1% from 35.2% a year ago.

Operationally, the company said asset quality remained stable, with gross stage-3 (GNPA) at 2.0% (up 10 bps QoQ), credit cost at 40 bps for the quarter, while spreads improved to 5.4% and cost of borrowings edged down to 8.0%. Home First also continued to expand distribution, taking its network to 165 branches and 368 touchpoints across 13 states/UTs, and maintained a strong capital buffer with total CRAR at 49.0%.

Management said it is gearing up for about 25% AUM growth in FY27, led by distribution and technology, while maintaining credit cost guidance of 30–40 bps, with markets now watching for execution on growth, funding costs and delinquency trends as the company scales through the cycle.