Key Financial Figures (FY26)

  • Assets Under Management (AUM): $3,218 Mn (100% secured retail book), representing 20% YoY growth
  • Profit After Tax (PAT): $117 Mn (excluding impact of new labour code arising from past service cost of $1.7 Mn, net of tax $1.3 Mn)
  • Net Worth: $794 Mn
  • FY26 Disbursements: $1,006 Mn
  • Gross NPA (GNPA): 1.08% (Mar-26)
  • Loan-to-Value (LTV): ~60% (Mar-26)
  • Cost to Income Ratio: 35.3% (Improved by 55 bps YoY; includes $1.4 Mn related to fresh ESOPs granted in January 2026)
  • Return on Equity (ROE): Increased consistently (specific figure not quantified)
  • Capital Adequacy Ratio (Tier I): 42.0% (Mar-26)

Operational Highlights

  • Branch Network: 626 branches (638 including offices) across 22 States & Union Territories (Mar-26)
  • Live Accounts: 336,000 (Mar-26)
  • Customer Focus: ~55% of AUM from salaried customers; ~63% of Gross AUM with Economically Weaker Sections (EWS)/Low Income Group (LIG) customers
  • Funding: Diversified with 42 borrowing relationships; 73% of Gross AUM and 76% of borrowings have floating interest rates
  • Asset Liability Management: Positive ALM position across all buckets as of Mar-26
  • Credit Rating: CARE rating upgraded to AA+/Stable

Business Overview

  • Business Model: HFC focused on the low-income housing segment in India.
  • Credit Assessment: Features a comprehensive process including centralized/decentralized processing, legal due diligence, a Risk Containment Unit (RCU), and technical due diligence by an in-house team.
  • Technology: End-to-end TCS-enabled core system. Utilizes data science (AI/ML) for credit risk underwriting, collections analysis, branch opening strategy, risk-based pricing, customer retention, and asset quality management.
  • Digital Infrastructure: Includes customer and employee mobility apps for onboarding, service, and collections tracking.
  • CSR Initiatives: Includes Aadhar Mitras/Mahila Aadhar Mitras (incentive-based representative model), Aadhar Kaushal (skill development), Aadhar Aaangan (nutrition/education), and Aayushmaan Aadhar (healthcare support).

Governance

  • Promoter: Blackstone (through BCP Asia II Holdco VII Pte. Ltd.), with total AUM of $1.3 trillion.
  • Board of Directors: Comprises experienced members including Raj Vikash Verma (Independent Chairman), Dr. Punita Kumar Sinha (Independent), Mukesh Mehta (Blackstone Nominee), Deo Shankar Tripathi (WTD and Executive Vice Chairman), Sharmila A. Karve (Independent), Amit Dixit (Blackstone Nominee), Prateek Roongta (Blackstone Nominee), and Rishi Anand (MD & CEO).
  • Management Team: Seasoned team led by MD & CEO Rishi Anand, including chiefs for Operations, Recovery & Collections, Treasury, Finance, Data, Risk, IT, HR, and Compliance.

Industry Overview & Growth Enablers

  • Market Opportunity: The potential financing opportunity in the affordable housing segment is estimated at $474 Bn, a 3.5x increase from the existing $137 Bn. HFCs hold a 53% market share.
  • Government Initiatives: Increased budgetary allocation for Pradhan Mantri Awas Yojana (PMAY-U) to $3,176 Mn in Union Budget 2024-25, interest subsidies, and tax incentives.
  • Other Enablers: Urbanization, rising disposable incomes, demographic shifts, low mortgage-to-GDP ratio (12.34% as of Mar-24), and a focus on financial inclusion.

Consolidated Financial Performance (Selected)

  • Q4 FY26 Total Income: $104.5 Mn (19% YoY growth)
  • Q4 FY26 Net Interest Margin: $68.3 Mn (25% YoY growth)
  • Q4 FY26 Profit After Tax: $32.7 Mn (27% YoY growth)
  • FY26 Total Income: $388.1 Mn (19% YoY growth)
  • FY26 Net Interest Margin: $244.5 Mn (20% YoY growth)
  • FY26 Profit After Tax: $115.4 Mn (20% YoY growth); $116.7 Mn excluding exceptional item (22% YoY growth)
  • Earnings per share (Diluted): $0.26 for FY26

Balance Sheet (Mar-26 vs. Mar-25)

  • Loan Assets: $2,615 Mn (vs. $2,156 Mn)
  • Borrowings: $1,973 Mn (vs. $1,718 Mn)
  • Share Capital: $46 Mn (vs. $45 Mn)
  • Reserves and Surplus: $748 Mn (vs. $625 Mn)

Asset Quality (ECL Model as of Mar-26)

  • Stage 1 (Performing): 95.9% of portfolio ($2,537 Mn Gross); ECL Provision of 0.4%
  • Stage 2 (Underperforming): 3.0% of portfolio ($80 Mn Gross); ECL Provision of 14.1%
  • Stage 3 (Non-Performing): 1.06% of portfolio ($28 Mn Gross); ECL Provision of 35.7%
  • Total ECL Provision: 1.2% of gross portfolio

Disclaimer

The presentation contains standard disclaimers noting it is for informational purposes only, does not constitute an offer to sell securities, contains forward-looking statements subject to risks, and has not been reviewed by any statutory authority.