Analysts/Institutional Investor Meet/Con. Call Updates

HFFCIL/BSE/NSE/EQ/NCD/97/2026-27 Date: 03-11-2026 To, To, BSE Limited, The National Stock Exchange of India Limited, Department of Corporate Services, The Listing Department, Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra Dalal Street, Fort, Mumbai- 400001. (E), Mumbai- 400051. Scrip Code - EQ:543259 NCD:978097 Scrip Symbol- HOMEFIRST Sub: Transcript of the earnings conference call for the quarter and half year ended September 30, 2026 Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of the earnings conference call for the quarter and half year ended September 30, 2026 conducted on Wednesday, October 28, 2026 for your information and records. The Company had referred to publicly available documents for discussions during the call. The above information is also available on the website of the Company: www.homefirstindia.com This is for your information and records. For Home First Finance Company India Limited Shreyans Bachhawat Company Secretary, Compliance Officer and Head - Legal ACS NO: 26700 “Home First Finance Company India Limited Q2 FY27 Earnings Conference Call” October 28, 2026 MANAGEMENT: MR. MANOJ VISWANATHAN – MD & CEO MR. AJAY KHETAN – DY. CEO AND CBO MS. RINKOO SOMANI – CFO MR. SUNIL ANJANA – HEAD, TREASURY AND INVESTOR RELATIONS This document is a transcription of the conference call conducted on 28th October, 2026. Click here to listen to the original audio. Disclaimer: This transcript is edited for factual errors and does not purport to be a verbatim record of the proceedings. The reader is also requested to refer to audio recording of the call uploaded on the company website here on 28th October, 2026. In case of discrepancy, the audio recordings will prevail. No part of this publication may be reproduced or transmitted in any form or by any means without the prior written consent of Home First Finance Company India Limited. Page 1 of 17 Home First Finance Company India Limited October 28, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Home First Finance Company India Limited Q2 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing’*’, then ‘0’ on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Sunil Anjana - Head, Treasury and Investor Relations of Home First Finance Company India Limited. Thank you, and over to you, sir. Sunil Anjana: Thank you, Iqra. Good evening, everyone, and welcome to Home First Finance Company's Earnings Conference Call for the quarter ended September 30, 2026. Our Investor Presentation, Press Release and Historical Excel factsheet are available on our website. The presentation and press release are also available on the stock exchanges. We hope you have had the chance to go through them. Joining us today, we have: • Mr. Manoj Viswanathan, MD and CEO; • Mr. Ajay Khetan, Dy. CEO and CBO; and • Ms. Rinkoo Somani, CFO. I now invite Manoj to take you through our performance and outlook. Over to you, sir. Manoj Viswanathan: Thank you, Sunil. Good evening, everyone. Before we begin, I would like to welcome Ms. Rinkoo Somani, our new CFO, to Home First, and we look forward to her contribution to the Company's continued growth and success. With that, let me turn to our performance for the quarter. Home First second quarter performance reflects our focus on growing the franchise while strengthening its earnings capacity. AUM increased by 27% year-on-year, while profit after tax grew by 29.1%. This growth was accompanied by stable early delinquency indicators and improvement in gross Stage 3 and lower operating cost ratios. At the end of September 2026, AUM stood at Rs. 18,010 crore, up 27% year-on-year and 6.3% sequentially. Quarterly disbursement reached Rs. 1,705 crore, an increase of 32.2% year-on-year and 4.7% sequentially. This expansion in the business translated to profit after tax of Rs. 170 crore, a growth of 29.1% year-on-year and 6.5% sequentially, supported by a 31.9% growth in net interest income and improved operating efficiency. Return on assets remained healthy at 4.2%, while return on equity improved by 40 basis points to 14.9%. The relationship between growth, portfolio quality and profitability is central to how we assess our performance. I will take you through each one of these, along with the investments and funding capacity supporting the next phase of growth. Page 2 of 17 Home First Finance Company India Limited October 28, 2026 We continue to build distribution capacity during the quarter, adding 6 branches and taking our network to 181 branches and 379 touch points. As the network expands, our focus remains on combining customer reach with branch productivity and disciplined execution. Individual housing loans accounted for 84% of the portfolio, while origination yield, excluding co-lending, was 13%. Our key markets of Maharashtra, Gujarat and Madhya Pradesh continue to deliver strong growth compared to previous year's first half, while maintaining healthy portfolio quality. UP, Rajasthan, NCR and Karnataka recorded strong year-on-year growth. Tamil Nadu, which was marginally down on a year-on-year basis in H1, returned to growth with a 12% increase in Q2, reflecting early signs of a strengthened team. Overall, disbursement grew 32% year-on-year in H1 and 5% quarter-on-quarter in quarter 2. Overall, the network remains well positioned to drive profitable growth while maintaining a strong focus on portfolio quality. Portfolio growth continued to be accompanied by stable asset quality. Both early delinquency indicators were unchanged sequentially, with 1+day past due at 4.7% and 30+ days past due at 3.2%. Gross Stage 3 improved by 10 basis points sequentially to 1.7%. Credit cost for the quarter was 40 basis points. Stage 3 provision coverage was 23.6% at the end of September. We also continued to hold management overlays above ECL requirements. Including these overlays, total provision coverage to Stage 3 was 46.4% as of Sept'26. As the portfolio scales, preserving underwriting standards and collection discipline remains a priority. The combination of stable early delinquencies, lower Gross Stage 3 and contained credit cost provides the context for this quarter's growth. On technology and productivity, technology remains a key differentiator for Home First. It is lifting productivity, sharpening underwriting and supporting scalable growth. Our digital-first foundation and structured data have prepared us well to apply AI across the lending lifecycle. Four in-house developed capabilities are live today. • Cue records and analyses 95% of customer calls. ClariFi prepares a single case page for underwriters on 100% of the loan files. • BankLens turns a bank statement into cash flow view in about a minute. • And DocIQ reads all documents that form basis for underwriting and other operational activities. Together, they are shortening turnaround times and lowering document handling costs, while every credit decision stays with our underwriters. Over the next 18 months, we will move from these point solutions to one shared data and decision platform and extend AI into sourcing, collections and servicing in phases. Let me now take you through the financial performance for the quarter. With respect to income yields and margin, Page 3 of 17 Home First Finance Company India Limited October 28, 2026 • The total income for the quarter stood at Rs. 567 crore, registering a growth of 18.4% year-on-year and 5.0% sequentially. • Both portfolio yields, excluding co-lending, and disbursement yields stood at 13%, reflecting consistency in pricing disciplin [Showing first 8,000 characters — download PDF for full document]