Repco Home Finance (REPCOHOME) Q3 24/25 earnings summary

Executive summary

• Maintained growth in Q3 FY25, with loan sanctions at Rs. 8,064 million (up 4% YoY) and disbursements at Rs. 7,613 million (up 0.3% YoY); AUM/loan book rose 7.35% YoY to Rs. 141,551 million.

• Net profit for Q3 FY25 was Rs. 1,066 million, up 7% YoY but down sequentially; total income grew 13% YoY to Rs. 4,453 million.

• Focused on increasing housing loans (74% of portfolio) over non-housing loans, impacting disbursement growth.

• Board approved unaudited financial results for Q3 and 9M FY25, with no material misstatements identified by auditors.

• Financial statements prepared in accordance with Ind AS and SEBI regulations.

Financial highlights

• Net profit for Q3 FY25 grew 7% YoY to Rs. 1,066 million; consolidated net profit was Rs. 1,131.7 million.

• Net interest margin improved to 5.5% from 5.3% in Q3 FY24; spread maintained at 3.7%.

• ROA and ROE for Q3 FY25 stood at 3.1% and 14.6%, respectively.

• Cost-to-income ratio ranged from 22% to 36% across sources, with improvement noted YoY.

• EPS for Q3 FY25 was ₹18.09, up from ₹16.62 in Q3 FY24.

Outlook and guidance

• Expecting to surpass Rs. 33,000 million in disbursements and reach AUM of Rs. 146,000 million by March 2025.

• GNPA projected to be around Rs. 5,300 million by March 2025.

• Disbursement guidance for Q4 FY25 is Rs. 9,500–10,000 million.

• No additional credit cost expected for FY25; FY26 credit cost not anticipated to be significant.

• Emphasis on maintaining asset quality and robust risk management systems.