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Earnings Call Transcript

Repco Home Finance Earnings Call Transcript: Key Takeaways

Repco reports stable Q1 FY27 results but faces near-term operational friction. Personnel transfers and promotions slowed June disbursements, requiring aggressive recovery in the coming quarters to meet annual targets.

Guidance and delivery
Management target Revenue 14.0% FY27
Highlights
Revenue growthAUM grew 8.9% YoY; NII increased to ₹216 Cr.
MarginsYields under pressure from BT-outs; expecting 10-12 bps spread compression.
Demand visibilityPositive; focusing on non-salaried and unorganized sector borrowers.
Management confidenceBalanced but cautious regarding spread compression and competitive pressures.

Growth

AUM grew 8.9% YoY to ₹15,990 Cr. Net Interest Income rose to ₹216 Cr.

Outlook

Management maintains ₹5,000 Cr disbursement guidance and 13-14% AUM growth for FY27.

Risks

Spiking BT-outs (balance transfers) and rising costs of funds threaten NIMs. GNPA ratio increased slightly to 2.7%.

Last quarter's promises, checked

Delivered

  • Guided ₹4,000 Cr disbursement → delivered ₹4,148 Cr (= BEAT)
  • Guided GNPA reduction from 3.26% → delivered 2.55% (= BEAT)
  • Guided Stage 2 assets reduction → delivered 7% from 9.5% (= BEAT)

Partly delivered

  • Guided spread maintenance → delivered 3.34% with yield pressure (= PARTIAL)

Missed

  • Guided AUM growth of ₹16,200 Cr → delivered ₹15,850 Cr (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: REPCOHOME. Summary written with AI assistance from the document.

Read the document ↗

Repco Home Finance Ltd: key numbers

Share price
₹347.70
Market cap
₹2,175 Cr
Revenue (annual)
₹1,787 Cr
Net profit (annual)
₹475.4 Cr
P/E (TTM)
4.5×Sector 22.0×
Promoter holding
37.13%+0.00% QoQ
FII holding
12.36%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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