Repco Home Finance Ltd (NSE:REPCOHOME)

Q2 2025 Repco Home Finance Ltd Earnings Call Transcript

Nov 13, 2024 / 10:30 AM GMT

Release Date Price: ₹462.85 (+0.21%)

Transcript

Key Points

Positve

Repco Home Finance Ltd (BOM:535322) reported a 15% year-on-year increase in net profit for Q2 FY25, amounting to INR 113 crores.
The company has maintained a spread of 3.4% and a net interest margin (NIM) of 5.1%, despite facing stiff competition.
The loan book grew by 8.1% year-on-year, reaching INR 13,009 crores by the end of September 2024.
The company has implemented structural changes, such as new software and delegation of powers, which are yielding positive results.
Repco Home Finance Ltd (BOM:535322) has recruited experienced sales and collections personnel, which is expected to boost growth in the coming quarters.

Negative

The gross non-performing assets (NPA) ratio remains high at 3.96%, although there is a provision coverage of 61% for stage three assets.
The company faces challenges in achieving its target of INR 15,000 crores in assets under management (AUM) by FY25, potentially falling short by 100-200 crores.
There is an increase in repayment rates, with monthly repayments rising to approximately INR 200 crores, partly due to competition from banks.
The cost-to-income ratio increased to 26.4% from 23.6% in the previous quarter, indicating higher operational expenses.
Stage two loans remain elevated at 11%, which is higher compared to industry peers, although efforts are being made to reduce this.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RHFL.NS - Repco Home Finance Ltd
Q2 2025 Repco Home Finance Ltd Earnings Call
Nov 13, 2024 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day. And welcome to Repco Home Finance Q2 FY25 earnings conference call hosted by Yes Securities.

As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call? Please signal an operator by pressing star then zero on your touchtone phone.

Please note that this conference is being recorded.

I now hand the conference over to Mr Rajiv Mehta from Yes Securities. Thank you and over to you, sir.

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Unidentified_2 [2]
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