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 a 9.5% loan book growth and stable profitability, despite one-off expenses. The company targets INR 5,000 crores in disbursements and INR 18,000 crores AUM for FY 2027, with continued focus on expanding outside Tamil Nadu.
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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. Cost of funds fell, NIM and ROA remained strong, and guidance for FY26 and FY27 targets robust disbursement and AUM growth.
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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. Management 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 AUM targets are largely on track, though higher repayments may cause a slight shortfall. Recovery efforts and new sales initiatives are expected to support H2 growth.
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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.