Repco Home Finance (REPCOHOME) Q2 24/25 earnings summary

Executive summary

• Growth momentum continued in Q2 FY25, with steady improvement in profitability parameters year-over-year.

• Loans outstanding reached Rs 139,644 Mn with net worth at Rs 28,679 Mn and capital adequacy ratio of 33.98%.

• Net profit for Q2FY25 was Rs 1,125 Mn, up 15% YoY and 7% sequentially.

• Asset quality improved with GNPA at 3.96% and ECL provision at 3.5%.

• Structural changes such as delegation of powers, new software, and verticalization are yielding positive results.

Financial highlights

• Disbursements reached INR 867 crores in Q2 FY25, up from INR 797 crores YoY and INR 680 crores sequentially.

• Sanctions stood at INR 926 crores, compared to INR 860 crores YoY and INR 737 crores sequentially.

• Loan book grew 8.1% YoY to INR 13,964 crores.

• Operating revenue for Q2FY25 was Rs 4,153 Mn, up 9% YoY and 2% QoQ.

• Net profit rose 15% YoY to INR 113 crores; ROA at 3.3%, ROE at 16%.

Outlook and guidance

• Disbursement guidance for FY25 maintained at INR 3,600–3,800 crores.

• AUM target may fall slightly short of INR 15,000 crores, with expectations around INR 14,800 crores due to higher repayments.

• GNPA guidance remains at INR 450 crores; outlet expansion target of 250 by year-end is on track.

• Second half disbursements expected to be stronger, with ~INR 2,000 crores targeted.

• Focus remains on maintaining asset quality and improving operational efficiency.