Q1 2026 Repco Home Finance Ltd Earnings Call Transcript
Key Points
- Repco Home Finance Ltd (BOM:535322) declared a 25% interim dividend, celebrating 25 years of service.
- The company achieved its highest-ever disbursements and sanctions in Q1 FY26, with disbursements at INR829 crore and sanctions at INR907 crore.
- Gross NPA improved significantly to 3.3% from 4.3% in the previous year, indicating better asset quality management.
- The company has diversified its borrowing sources by reissuing commercial paper worth INR150 crore, aiming to improve funding sources and manage costs.
- Repco Home Finance Ltd (BOM:535322) has seen a notable improvement in its cost-to-income ratio, which stands at 24.26% for Q1 FY26.
- Stage 2 assets remain high at 9.7%, compared to peers who are in the range of 1.3% to 4.7%.
- The company faces challenges in reducing NPAs, with a target to bring GNPA down to 2.5% by year-end.
- There is pressure from balance transfers (BT-out), with INR60-65 crore experienced in April to June, although BT-in is higher.
- Asset quality stress is noted in regions like Karnataka and Telangana, although the company claims it is manageable.
- The company's valuation is less than one-time price to book, which is lower compared to peers valued at three-plus price to book.
(audio in progress)
remarks. 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.
Good evening. Thank you all for joining this earnings call of Repco Home Finance first quarter of FY26 (technical difficulty) Mr. T. Karunakaran, MD and CEO; Mr. A. Palpandi, Chief Operating Officer; Mr. P.K. Vaidyanathan, Chief Development Officer; Mr. M. Raja, Chief Business Officer; Ms. Shanthi Srikanth, Chief Financial Officer; and Mr. Ankush Tiwari, who's the company Secretary and Compliance Officer.
Sir, with this, I would want to hand over the call to Mr. Karunakaran for his opening remarks, post which, we'll start with the Q&A session. Over to you, sir.
Thanks, Mr. Rajiv. Good evening to everyone. We would like to welcome you all to this morning call
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