Transcript of the earnings conference call for the quarter ended June 30, 2026

HFFCIL/BSE/NSE/EQ/54/2026-27 Date: 04-08-2026 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, Dalal Street, Fort, Mumbai- 400001. Bandra (E), Mumbai- 400051. Scrip Code- 543259 Scrip Symbol- HOMEFIRST Sub: Transcript of the earnings conference call for the quarter ended June 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 ended June 30, 2026 conducted on Tuesday, July 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 record. 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 Q1FY27 Earnings Conference Call” July 28, 2026 MANAGEMENT: MR. MANOJ VISWANATHAN – MD & CEO MS. NUTAN GABA PATWARI – CFO MR. SUNIL ANJANA – HEAD, TREASURY AND INVESTOR RELATIONS This document is a transcription of the conference call conducted on 28th July, 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 July, 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 July 28, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Q1 FY27 Home First Finance Company India Limited 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, Alaric. Good evening, ladies and gentlemen, and welcome to Home First Finance Company's earnings conference call to discuss the financial results for the quarter ended June 30, 2026. We hope you have had the chance to review our investor presentation and press release, both of which are available on our website and the stock exchanges. As per our practice, we have also uploaded an Excel fact sheet containing historical data on our website for your easy reference. From the management, we have with us today, Mr. Manoj Viswanathan, MD and CEO; and Ms. Nutan Gaba Patwari, CFO. With that, I now invite Mr. Viswanathan to share his insights on overall performance and outlook. Over to you, sir. Manoj Viswanathan: Thank you, Sunil. Good evening, everyone, and thank you for joining us. We have begun FY27 on a strong note with healthy growth in disbursements and assets under management, robust earnings growth, stable asset quality and continued investment in our distribution and technology capabilities. I will start with the business and financial performance. AUM stood at INR16,938 crore as of Jun'26, growing 25.7% year-on-year and 6.7% sequentially. Disbursement at INR1,628 crore is up 31.0% year-on-year and 3.6% sequentially. Profit after tax increased by 7.0% sequentially and 34.5% year-on-year to INR160 crore, supported by 38.2% growth in Net Interest Income. Return on Assets improved by 10 basis points sequentially to 4.2%, while Return on Equity improved by 50 basis points to 14.5%. With respect to distribution, people and portfolio mix, during the quarter, we added four branches, one each in Gujarat, Andhra Pradesh, Tamil Nadu and Madhya Pradesh, taking our network to 175 branches and 373 touch points. We made a net addition of 133 employees, largely in customer-facing roles, taking the total headcount to 1,988. Our origination yield remained healthy at 13.0%. Individual housing loans continued to account for 83% of the portfolio, underscoring the granular secured nature of our core franchise. Page 2 of 17 Home First Finance Company India Limited July 28, 2026 Asset quality remained stable during the quarter. Our 1+ DPD remained flat at 4.7%, 30+ DPD remained flat at 3.2% and Gross Stage 3 remained flat at 1.8%. The branch network continued to deliver strong performance during the quarter. Maharashtra, Gujarat and Madhya Pradesh remained our largest markets, leading overall business contribution while maintaining healthy growth and portfolio quality. In Tamil Nadu, a strengthened team is building growth momentum while maintaining stable asset quality. Rajasthan, Uttar Pradesh and southern states gained further traction, reflecting encouraging business momentum. The remaining markets continued to deliver consistent AUM expansion with stable asset quality. Overall, the network remains well positioned to sustain profitable growth while preserving portfolio quality. Technology remains one of HomeFirst's key differentiators, central to how we source, underwrite, service and scale the business. Our digital DNA, built consistently since inception, has created a strong foundation for accelerated AI adoption across the value chain. The same digital-first approach has given us clean, structured data going back to day one - the high-quality training ground that modern AI systems demand. Our AI strategy is anchored on three outcomes: elevating customer experience, enhancing employee productivity and driving structural cost efficiencies. In line with this, we have operationalized ‘Cue’, our in-house AI-orchestrated omnichannel customer communications platform. We have also deployed in production, a bureau analyzer and a contextual bank statement analysis model, which have improved underwriting efficiency and reduced turnaround. AI-led interventions in lead qualification, legal and technical valuation and income analysis are currently in pilot and will progressively move to production as we scale our intelligent underwriting stack. Under our Green Homes initiative, we have certified a further 100 homes during the quarter, taking the cumulative number of certified homes to 550 as of June 2026. The affordable housing opportunity remains compelling. Demand across our markets is healthy, and our growth is supported by disciplined underwriting, a granular portfolio, stable asset quality and scalable operating platform. We remain confident of delivering 25% AUM growth while maintaining our focus on profitability, portfolio quality and operating efficiency. As disclosed to the stock exchanges, Nutan will step down from her executive responsibilities effective from August 31, 2026. Over the past 8 years, Nutan has played an integral role in HomeFirst's evolution - from a growth stage affordable housing finance company to a scaled, publicly listed institution. Her contribution has helped strengthen our financial architecture, governance standards, capital position and organizational capabilities. Page 3 of 17 Home First Finance Company India Limited July 28, 2026 On behalf of the Board, the management team, and everyone at Home First, I would like to place on record our sincere appreciation for her leadership, commitment and contribution to the company. The Board is evaluating candidates and will conclude the CFO appointment soon. With that, I will now hand [Showing first 8,000 characters — download PDF for full document]