• AUM growth guidance: Home First Finance expects to maintain at least 25% AUM growth for the full year, with the potential to exceed it after posting 25.7% year-on-year AUM growth and 31% disbursement growth in Q1.
• Balance transfer rates: Repayment rates declined as control protocols reduced balance transfers below 5% in the first quarter, compared to the normal range of 5% to 7%.
• Stage 3 PCR: Management noted the recent sequential decline in Stage 3 provision coverage is standard quarterly variation, aiming to maintain the metric between 25% and 27%.
• Ticket size trends: First-time buyers account for over 90% of customer demand, while average ticket sizes continue to rise across affordable housing markets due to increasing incomes and demand for larger homes.
• Geographic growth drivers: Expansion remains anchored in core markets such as Gujarat, Maharashtra, and Madhya Pradesh, with management looking to revive growth across Tamil Nadu, Telangana, and Andhra Pradesh.