India · Delayed Price · Currency is INR Repco Home Finance Earnings Call Transcripts
Fiscal Year 2027
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Sanctions and disbursements grew modestly year-over-year, with AUM up 8.9%. Asset quality remains stable, though aggressive growth and customer retention efforts may compress spreads. Guidance for FY27 is maintained at INR 5,000 crores disbursements and 13%-14% AUM growth.
Fiscal Year 2026
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Record disbursements and improved asset quality drove modest loan book and profit growth, despite high prepayments and one-off expenses. Cost of funds is expected to decline slightly with new NHB refinance, while focus shifts to expanding non-Tamil Nadu markets and maintaining high dividend payouts.
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Q3 FY26 saw 40% YoY disbursement growth and an 8.8% rise in AUM, with gross NPA and Stage 2 assets declining. Management targets INR 16,200 crore AUM by March 2026 and expects negative credit costs, while continuing to diversify liabilities and expand outside Tamil Nadu.
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Record disbursements and 8% loan book growth drove Q2 FY 2026 results, with GNPA and cost of funds declining. Guidance remains strong for AUM, profitability, and asset quality, supported by improved underwriting and diversified funding.
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Q1 FY26 saw record disbursements and a 7% YoY AUM growth, with net profit at INR 108 crore and improved asset quality. The company targets INR 4,000 crore disbursement, AUM of INR 16,200 crore, and GNPA of 2.5% by year-end, supported by branch expansion and technology upgrades.
Fiscal Year 2025
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AUM grew 7% year-over-year to INR 14,492 crores, with net profit up 11% to INR 439 crores. Asset quality improved, with GNPA down to 3.26% and net NPA at 1.32%. FY26 targets include INR 16,200 crores AUM, INR 4,000 crores disbursement, and further NPA reduction.
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AUM grew 7.35% year-over-year to INR 14,155 crores, with net profit up 7% to INR 107 crores. Focus remains on housing loans, with GNPA reduced to 3.9% and strong capital adequacy at 32.5%. Disbursement guidance for Q4 is INR 950–1,000 crores.
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Q2 FY25 saw 15% YoY net profit growth, 8.1% loan book expansion, and improved asset quality. Disbursement and outlet targets remain on track, though AUM may fall slightly short due to higher repayments. Recovery efforts and new software investments continue to support profitability.
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Profitability improved in Q1 FY 2025 with net profit up 18.35% YoY and loan book growth of 8.3%. Management targets AUM of INR 15,000 crores by March 2025, with a focus on quality growth, GNPA reduction, and expanding branch and sales teams.