Repco Home Finance Ltd. share price target

Repco Home Finance’s (Repco) 2QFY26 PAT declined 5% YoY to INR1.07b (in line). NII in 2QFY26 grew ~14% YoY to ~INR1.9b (in line). Other income declined ~46% YoY to INR123m (vs. our est. of INR200m).

Repco Home Finance's AUM growth remain stable at 7% YoY vs 7% YoY (FY25) backed by 22%YoY growth in disbursements. Further, management guided for AUM of Rs.16bn by FY26, and aspires to touch loan book of Rs.250bn by FY28. Disbursements is expected to be Rs.40bn in FY26, with the non-Tamil Nadu states equally contributing to the overall numbers. NIMs remain stable at 5.2% led by decline in cost of funds. Asset quality remain stable during the quarter with GNPA at 3.3% vs 3.3% QoQ backed by higher write offs. NII grew by 10% YoY led by improvement in NIMs. PAT grew by 2% YoY led by lower non-interest income. Thus,...

Repco Home Finance’s (Repco) 1QFY26 PAT grew 2% YoY to INR1.1b (6% beat). NII in 1QFY26 grew ~8% YoY to ~INR1.8b (in line).

Loan growth muted; asset quality improves

Repco Home Finance (REPCO)’s 2QFY25 PAT grew 15% YoY to INR1.1b (in line).

Soft business quarter, reiterates guidance

Road to recovery

Road to recovery

Repco Home Finance’s (Repco) Q4FY23 financial performance sustained its improving trajectory as reflected in 9% QoQ growth in PPoP driven by robust 6% QoQ NII growth and tight control on expenses (down 5% QoQ).

Repco Home Finance (Repco) reported PAT of Rs808mn in Q3FY23 - ahead of our expectations of Rs717mn. The beat resulted from annualised credit cost which was <5bps as compared to our estimate of >70bps.

Repco Home Finance (Repco) reported PAT of Rs712mn in Q2FY23 – ahead of our expectations of Rs613mn. The beat resulted from credit cost, at Rs188mn (63bps), being almost half of our estimate.