Home First reaffirms 25% AUM growth, CFO to step down
Q1 AUM hit ₹16,938 cr, up 25.7%. CFO Nutan Gaba Patwari leaves after eight years; board considering replacements.
— 5 earlier stories on Home First Finance Company India Ltd. →What's new
- AUM grew 25.7% YoY to ₹16,938 cr; PAT up 34.5% to ₹160 cr.
- Management reaffirmed full-year AUM growth guidance of 25% and book spread of 5.0%-5.3%.
- CFO Nutan Gaba Patwari to step down effective 31 Aug; board evaluating external and internal candidates.
Why this matters
Home First delivered strong Q1 numbers and kept its full-year targets intact, signalling confidence in execution. The CFO departure is a notable leadership change, but with a capital adequacy ratio above 42% and recent rating upgrades, the company has buffer to manage the transition. The reaffirmed guidance suggests underlying business momentum remains steady.
What we're watching
- Whether the new CFO is an internal promotion or an external hire.
- If Home First can maintain the 5.0%-5.3% spread amid competitive pressure.
- Deployment pace of the ₹1,250 cr QIP proceeds from April 2025.
The full read
Home First Finance began FY27 with AUM hitting ₹16,938 crore, up 25.7% YoY, and profit after tax climbing 34.5% to ₹160 crore. The strong Q1 gave management confidence to reaffirm its full-year AUM growth target of 25% and keep the book spread within 5.0%-5.3% — the same band that has guided previous quarters. The backdrop is favorable: the company has a capital adequacy ratio above 42%, a net worth of ₹4,483 crore, and it is still deploying the ₹1,250 crore raised in the April 2025 QIP. All three rating agencies upgraded Home First to AA/Stable earlier in 2026, which has lowered its incremental borrowing cost. The one overhang is the departure of CFO Nutan Gaba Patwari, who exits on 31 August after eight years. The board is weighing internal and external candidates, but the transition comes at a time when the company's fundamentals are strong and its guidance is intact. That combination leaves the market with very little to question beyond who fills the corner office.
Questions answered
- What is Home First's AUM growth guidance for FY27?
- Management reaffirmed 25% AUM growth for the full year, consistent with the Q1 run rate of 25.7% YoY.
- When does the CFO depart?
- CFO Nutan Gaba Patwari will step down from executive responsibilities effective 31 August 2026 after eight years at the company.
- How strong is Home First's balance sheet?
- The company ended Q1 with a capital adequacy ratio above 42% and a net worth of ₹4,483 crore, backed by the ₹1,250 crore QIP and recent rating upgrades to AA/Stable.
- What is the book spread guidance?
- Management committed to maintaining the book spread between 5.0% and 5.3%.
- Why were the rating agencies upgraded?
- All three major rating agencies upgraded Home First to AA/Stable in early 2026, lowering its incremental cost of borrowing.
Home First Finance Company India Ltd.
Latest quarter · Jun 2026
Leverage & growth
Story so far
All notes on HOMEFIRST →- 28 Jul 2026 · 5:08 PM IST Home First reaffirms 25% AUM growth, CFO to step down
- 1d ago Home First Q1 profit rises 34.5% to ₹160 cr, AUM growth on track
- 1d ago Home First CFO exits even as Q1 profit jumps 34.5%
- 1d ago Home First Q1 net profit rises 34% to ₹159.85 cr
- 1d ago Home First Q1 profit rises 34%, in line with guidance