Financial Services
Home First Finance Company India Limited Sees Strong Q4fy26 Growth
Home First Finance Company India Limited reports strong growth in AUM, disbursements, and PAT for Q4FY26.
Home First Finance Company India Limited (HOMEFIRST) has reported robust financial results for Q4FY26. The company’s Assets Under Management (AUM) reached ₹15,878 crore, marking a strong growth of 24.9% year-on-year (y-o-y) and 6.4% quarter-on-quarter (q-o-q). This impressive growth reflects HOMEFIRST’s disciplined underwriting and rigorous risk management.
Disbursal Reaches New High
Disbursals for the quarter stood at ₹1,572 crore, showing a y-o-y growth of 23.5% and a q-o-q growth of 19.3%. This marks another milestone for HOMEFIRST as it continues to scale its distribution footprint in key affordable housing markets.
Asset Quality Strengthens
HOMEFIRST has made significant improvements in its asset quality. The 1+ DPD (Days Past Due) rate is at 4.7%, a 60 bps improvement q-o-q. The 30+ DPD rate stands at 3.2%, improved by 50 bps q-o-q. The Gross Stage 3 (GNPA) rate is at 1.8%, showing a 20 bps improvement q-o-q. These improvements reflect the company’s disciplined and risk-calibrated growth strategy.
As we move into FY27, HOMEFIRST is well positioned to deliver ~25% y-o-y AUM growth, driven by continued expansion of its distribution footprint, deeper technology integration, diversified funding sources, and a strong, embedded risk governance framework.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Home First Finance Company India Limited
Home First Finance Company India Limited belongs to the Financial Services › Mortgage Finance sector. Here’s a quick read on where the business and the stock stand today.
Home moves sideways over three months, with neither buyers nor sellers taking control. D/E reaches 3.87. High leverage in this environment is a material risk the market cannot ignore. Industry-leading margins of 50.2% reflect exceptional pricing power and operational efficiency. RSI hits 70, a level that signals the stock runs hot. Notably, buyers drove volume on 18 recent sessions — though at these levels, some profit-taking is normal. Both the business and the stock move in the right direction. Revenue grows at 40.5%, profits at 27.1%, and the PEG sits at 0.92 — below its growth rate. That combination is rare. Check Fundamentals of Home First Finance Company India Limited.
Credit Services
Manappuram Finance Limited (manappuram) Q2fy27: Consolidated Net Profit Rises 222.90% Yoy to ₹701 Crore
Manappuram Finance Limited (MANAPPURAM) announced a 222.90% YoY rise in consolidated net profit for Q2FY27, hitting ₹701 crore.
Manappuram Finance Limited (MANAPPURAM) announced its unaudited financial results for the quarter and half-year ended September 30, 2026 (Q2FY27 and H1FY27). The gold loan NBFC reported a 222.90% year-on-year (YoY) growth in consolidated net profit to ₹701 crore. The consolidated revenue from operations grew 46.2% YoY to ₹3,356 crore. Consolidated assets under management (AUM) grew 60.1% YoY to ₹73,303 crore.
Profitability Surge
In the same quarter of the previous fiscal year (Q2FY26), consolidated net profit stood at ₹217 crore. The significant rise in net profit reflects the company’s robust financial health. The board declared an interim dividend of ₹1 per equity share of face value ₹2 each for FY27.
Asset Growth
Consolidated AUM as on September 30, 2026 grew 60.1% YoY to ₹73,303 crore. Gold loan AUM stood at ₹60,640 crore, a growth of 92.5% YoY. Non-gold loan businesses accounted for 17.27% of consolidated AUM. The outlook for the gold loan business remains positive as the company continues to strengthen its operations.
Mr V.P. Nandakumar, Chairman and Managing Director, Manappuram Finance Ltd, said: “In Q2, we have delivered strong growth in profitability and AUM. The year-on-year growth in consolidated net profit sets a strong tone for the coming quarters. Our subsidiaries have also shown improved performance on a year-on-year basis. Looking ahead, we are confident of achieving our targets for this fiscal year.”
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Manappuram Finance Limited
Manappuram Finance Limited belongs to the Financial Services › Credit Services sector. Here’s a quick read on where the business and the stock stand today.
Manappuram falls 8.1% over three months and has not found a floor yet. D/E reaches 2.90. High leverage in this environment is a material risk the market cannot ignore. Industry-leading margins of 30.5% reflect exceptional pricing power and operational efficiency. The stock holds at 55% of its 52-week range with RSI at 48. In other words, neither side has a clear edge right now. Revenue grows at 7.3% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Manappuram Finance Limited.
Credit Services
Manappuram Finance Limited (manappuram) Unveils Strategic Vision and Performance in Q2 Fy2027 Investor Presentation
Manappuram Finance Limited (MANAPPURAM) shares strategic vision and financial performance highlights from Q2 FY2027 investor presentation.
Manappuram Finance Limited (MANAPPURAM) has unveiled its strategic vision and financial performance highlights in the Q2 FY2027 investor presentation. The company, a leading gold loan player in India, showcased its robust growth and operational efficiency. The presentation covered key areas including the company’s vision and strategy, segmental performance, financial snapshot, and the role of the board of directors and management team.
Vision and Strategy
MANAPPURAM aims to become the financial partner of choice for under-banked customers across their lifecycle. The company’s vision includes creating a market for gold loans as a mainstream, convenient, and affordable product and becoming a one-stop shop for meeting customers’ borrowing and protection needs.
Financial Snapshot
The consolidated AUM for Q2 FY2027 stood at Rs. 73,303 crore, marking a 5.3% QoQ growth and a 60.1% YoY increase. The PAT for the quarter was Rs. 701 crore, showing a 19.9% QoQ and 222.9% YoY growth. The company’s ROE was 16.5%, reflecting strong financial health.
Segmental Performance
The gold loan segment continued to dominate with a consolidated gold AUM of Rs. 60,640 crore, witnessing a 6.4% QoQ and 92.5% YoY growth. The company’s operational rigor and prudent credit and risk management were highlighted as key drivers of its success.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Manappuram Finance Limited
Manappuram Finance Limited belongs to the Financial Services › Credit Services sector. Here’s a quick read on where the business and the stock stand today.
Manappuram falls 8.2% over three months and has not found a floor yet. D/E reaches 2.90. High leverage in this environment is a material risk the market cannot ignore. Industry-leading margins of 30.5% reflect exceptional pricing power and operational efficiency. The stock holds at 55% of its 52-week range with RSI at 48. In other words, neither side has a clear edge right now. Revenue grows at 7.3% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Manappuram Finance Limited.
ABCAPITAL
Aditya Birla Capital Limited (abcapital) Inaugurates its 100th Dedicated Gold Loan Branch
Aditya Birla Capital Limited (ABCAPITAL) inaugurates its 100th dedicated gold loan branch, marking significant expansion in Mumbai.
Aditya Birla Capital Limited (ABCAPITAL) inaugurated its 100th dedicated gold loan branch today, marking a significant milestone in its expansion strategy. The new branch, located in Santacruz, Mumbai, underscores the city’s importance in the organized gold lending market. This achievement comes within three months of launching the gold loan business, which aims to establish over 1,000 branches nationwide in the next three years.
Strategic Expansion in Maharashtra
Maharashtra is a key market for ABCAPITAL’s gold loan business, supported by a large customer base, a vibrant economic ecosystem, and growing demand for formal credit. According to TransUnion CIBIL’s Gold Loan Landscape Report (April 2026), Maharashtra recorded 40% year-on-year growth in gold loan origination volumes in 2025, accounting for 5.8% of the country’s total gold loan originations.
Commitment to Customer Experience
Designed around convenience, transparency, and secure service, ABCAPITAL’s gold loan proposition combines a dedicated branch-led model with digital capabilities to deliver a seamless customer experience. The branches were inaugurated by Ms. Vishakha Mulye, Managing Director & CEO, and Mr. Rakesh Singh, Executive Director and Chief Executive Officer – NBFC, ABCAPITAL. Speaking on the milestone, Ms. Mulye said, “The opening of our 100th Gold Loan branch is a special milestone for us. It reflects the strength of our execution capabilities and the confidence that customers place in Aditya Birla Capital.”
Mr. Singh added, “Mumbai is an important market for us, given its diverse customer base and evolving financial needs. Our Gold Loan business is built around delivering a simple, secure, and convenient borrowing experience through dedicated branches, seamless processes, and robust digital capabilities.”
With this expansion, ABCAPITAL continues to build a differentiated franchise by combining the trust of the Aditya Birla brand, strong on-ground presence, and technology-led convenience, aiming to expand access to formal credit and support individuals, families, and small businesses in achieving their financial aspirations.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Aditya Birla Capital Limited
Aditya Birla Capital Limited belongs to the Financial Services › Financial Conglomerates sector. Here’s a quick read on where the business and the stock stand today.
Aditya falls 8.8% over three months and has not found a floor yet. D/E reaches 4.32. High leverage in this environment is a material risk the market cannot ignore. Revenue consistency is the one bright spot — zero dips in five years shows operational resilience. The stock holds at 60% of its 52-week range with RSI at 41. In other words, neither side has a clear edge right now. Revenue grows at 17.1% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Aditya Birla Capital Limited.
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