Repco Home Finance (REPCOHOME) Q3 25/26 earnings summary

Executive summary

• Disbursements for Q3 FY26 reached INR 1,064 crore, up 40% year-over-year, marking the second time this year disbursements crossed INR 1,000 crore.

• Loan book/AUM as of December 2025 stood at INR 15,394 crore, up 8.8% year-over-year.

• Net profit for Q3 FY26 was INR 109 crore, up 2% year-over-year and sequentially.

• Gross NPA reduced to INR 449.53 crore from INR 545 crore year-over-year, with Stage 2 assets also declining.

• Interim dividend of 43% declared for the year so far, with a second interim dividend of 20% for Q3.

Financial highlights

• Standalone revenue from operations for Q3 FY26 was INR 456.93 crore, up from INR 445.08 crore in Q3 FY25.

• Net interest income for Q3 FY26 was INR 208 crore, up 5% year-over-year.

• Net loan funds stood at INR 3,574 crore; return on assets at 2.89% and return on equity at 13.17%.

• NIM was 5.41% and spread maintained at 3.3%; yield on assets stable at 12%.

• Cost to income ratio improved to 28.4% in Q3 FY26 from 30.9% in Q3 FY25.

Outlook and guidance

• Targeting Q4 disbursements of INR 1,200–1,400 crore and AUM of INR 16,200 crore by March 2026.

• FY27 disbursement target set at INR 5,000 crore, with continued focus on double-digit AUM growth.

• Stage 2 assets expected to reduce to 7.5% by year-end, with further annual reductions planned.

• Credit cost guidance remains negative for the year, with further NPA reductions anticipated.

• Company continues to monitor regulatory changes, especially regarding new labour codes.