Repco Home Finance (REPCOHOME) Q4 25/26 earnings summary

Executive summary

• Achieved record disbursements of INR 1,186 crores in Q4 and INR 4,148 crores for FY 2025/2026, marking a 26% year-over-year increase in annual disbursements.

• Loan book grew to INR 15,880 crores as of March 31, 2026, up 9.5% year-over-year, with 71% home loans and 29% non-home loans.

• Asset quality improved, with GNPA reduced to 2.55% from 3.26% year-over-year.

• Net profit for FY 2025/2026 was INR 453 crores (standalone) and INR 475.42 crores (consolidated), both higher than previous year.

• Declared a total dividend of 75% and recommended a final dividend of Rs. 3 per share, the highest in company history.

Financial highlights

• Q4 profit was INR 129.11 crores, up from INR 108.77 crores in the previous quarter and 4% higher year-over-year.

• Consolidated revenue from operations for FY 2025-26 was Rs. 1,795.79 crore, up from Rs. 1,711.99 crore year-over-year.

• Net interest margin (NIM) improved to 5.4% from 5.3% year-over-year.

• Cost-to-income ratio improved to 26.8% in FY26 from 28.7% in FY25.

• One-off expenses totaling INR 46 crores impacted profitability, including changes in interest calculation, labor code implementation, silver jubilee celebrations, and increased CSR spend.

Outlook and guidance

• Targeting INR 5,000 crores in disbursements and AUM of INR 18,000 crores for FY 2026/2027.

• Aims to reach INR 25,000 crores AUM by FY 2029, with a possible one-year delay from earlier guidance.

• Focus on expanding non-Tamil Nadu and under-penetrated markets, maintaining dividend payout trend, and reducing stage two assets below 5% by year-end.

• Emphasis on balanced portfolio mix and robust risk management.

• Company plans further fund raising and expansion of borrowing capacity to support growth.