Repco Home Finance (REPCOHOME) Q2 25/26 earnings summary

Executive summary

• Achieved record quarterly disbursement of INR 1,069 crore in Q2 FY 2026, with loan sanctions rising to Rs. 12,056 million, up 30% year-over-year and 33% sequentially.

• Loan book grew 8% year-over-year to INR 15,033 crore (Rs. 150,334 million) as of September 2025, with Tamil Nadu contributing 62% of disbursements.

• Net profit for Q2 FY 2026 was INR 107 crore (Rs. 1,069 million), with ROA at 2.9% and ROE at 13.5%.

• Total income for Q2 FY26 was Rs. 4,457 million, a 4% increase year-over-year.

• Un-audited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, were approved by the Board on November 12, 2025.

Financial highlights

• Disbursements rose 23% year-over-year and 29% sequentially, with sanctions at INR 1,206 crore in Q2 FY 2026.

• GNPA reduced to INR 475 crore (3.16%) from INR 552 crore a year ago; net NPA at INR 225 crore (1.50%).

• NIM for Q2 FY 2026 was 5.5%, with a spread of 3.4% and yield at 12.1%.

• Cost to income ratio improved to 24.3% in Q2FY26 from 30% in Q2FY25.

• Return on equity for Q2FY26 was 13.5%, down from 16% in Q2FY25.

Outlook and guidance

• Targeting INR 1,100 crore disbursement in Q3 FY 2026 and INR 16,200 crore AUM by March 2026.

• Aiming to reduce GNPA to INR 450 crore and stage two assets to INR 1,275 crore in the next quarter.

• Guidance for ROA to remain in the 2.9%-3% range for FY 2026.

• Management highlighted improved asset quality and continued focus on under-penetrated markets.

• Emphasis on maintaining a balanced portfolio mix and robust risk management.