Q3 2025 Repco Home Finance Ltd Earnings Call Transcript
Key Points
- Repco Home Finance Ltd (BOM:535322) achieved disbursements of INR761 crores in Q3 FY25, slightly higher than INR759 crores in Q3 FY24.
- The company's capital adequacy ratio remains strong at 32.5%, indicating a solid financial position.
- Gross NPA reduced from INR552 crores in Q2 to INR546 crores in Q3, showing improvement in asset quality.
- Net profit grew by 7% YoY, amounting to INR107 crores for Q3 FY25.
- The company has been able to maintain a spread of 3.7% and a NIM of 5.5% for the quarter, despite competitive pricing pressures.
- Disbursement growth was flat compared to last year, partly due to regulatory changes in Karnataka and a strategic focus on home loans over non-home loans.
- The cost-to-income ratio increased to 36% from 26.4% in the previous quarter, indicating rising operational costs.
- The company's loan book growth is not in tandem with branch expansion, partly due to bulk repayments and prepayments.
- The transition to more home loans has led to a slower growth rate, as non-home loans were consciously reduced.
- Challenges in Karnataka due to regulatory changes have impacted business, with no clear resolution timeline.
Ladies and gentlemen, good day and welcome to the Repco Homes Finance Q3 FY25 Earnings Conference Call. (Operator Instructions) 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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Yeah, good evening, everyone. Welcome to the Q3 FY25 earnings call of Repco Home Finance. We thank the management for giving us the opportunity to host them once again. From the company, we are joined by Mr. K. Swaminathan, MD and CEO; Mr. T. Karunakaran, Chief Operating Officer; Mr. P. K. Vaidyanathan, Chief Development Officer; Mr. M. Raja, Chief Business Officer, Ms. Shanti Srikant, Chief Financial Officer.
I would request Mr. Swaminathan to give us an overview on company's performance, post which we will open a Q&A. Over to you, sir.
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