Repco Home Finance (REPCOHOME) Q2 26/27 earnings summary

Executive summary

• September 2026 loan book reached INR 16,425 crore, up 9.2% YoY; Q2 disbursements were INR 1,205 crore and GNPA was 2.4% on the operating measure.

• Standalone Q2 net profit was INR 115.86 crore; H1 net profit was INR 230.01 crore. Consolidated H1 profit after tax and associate earnings was INR 240.71 crore.

Financial highlights

• Standalone Q2 revenue from operations was INR 481.20 crore versus INR 445.08 crore YoY; H1 revenue was INR 948.90 crore versus INR 885.34 crore.

• Standalone Q2 PBT was INR 149.22 crore versus INR 142.44 crore YoY; H1 PBT was INR 296.96 crore versus INR 288.77 crore.

• Standalone Q2 net profit was INR 115.86 crore versus INR 106.94 crore YoY; H1 net profit was INR 230.01 crore versus INR 214.89 crore.

• Q2 sanctions were INR 1,359 crore and disbursements INR 1,205 crore, versus INR 1,205 crore and INR 1,069 crore YoY.

• H1 sanctions were INR 2,297 crore and disbursements INR 2,048 crore, versus INR 2,112 crore and INR 1,898 crore in H1 FY26.

Outlook and guidance

• Disbursement guidance: INR 1,300–1,350 crore for Q3 and INR 1,650–1,700 crore for Q4; H2 target INR 3,000–3,050 crore.

• FY27 net profit expectation is INR 480–490 crore; H1 profit was INR 230.01 crore.

• Target GNPA below 2% by year-end; management expects growth without diluting asset quality.

• Cost of funds may rise 10–15 bps; borrower repricing may follow with a one-quarter lag, and spreads may settle at 3.2%–3.3%.