Repco Home Finance reported a 14.4 per cent Year-on-Year (YoY) increase in net profit for Quarter 2 Financial Year 2025 (Q2 FY25), reaching Rs 108.7 crore compared to Rs 95 crore in the same quarter last year. The company’s total income rose by 11.5 per cent, amounting to Rs 428 crore against Rs 384 crore in Quarter 2 Financial Year 2024 (Q2 FY24).
The Net Interest Income (NII) showed a marginal growth of 1.7 per cent, standing at Rs 175.7 crore compared to Rs 172.7 crore in the previous fiscal’s corresponding quarter. Loan sanctions surged by eight per cent to Rs 926 crore, while disbursements increased by nine per cent, totaling Rs 867 crore compared to Q2 FY24.
The company’s asset quality improved with gross Non-Performing Assets (NPAs) declining quarter-on-quarter from Rs 583 crore to Rs 552 crore, and net NPAs reduced from Rs 223 crore to Rs 217 crore. It maintained a stable loan spread of 3.4 per cent, a Return on Assets (RoA) of 3.3 per cent, and a Return on Equity (RoE) of 16 per cent.
The loan book witnessed an 8.1 Per cent YoY growth, reaching Rs 13,964 crore as of 30th September, 2024. Housing loans made up 74 per cent of the portfolio, with home equity products contributing the remaining 26 per cent. The capital adequacy ratio stood at a robust 33.98 per cent, significantly higher than the regulatory requirement of 15 per cent.
In 2024, Repco’s stock rose by 18 per cent, closing at Rs 483.1. However, it is down 4.6 per cent from its recent peak of Rs 595. With strong fundamentals and steady growth in disbursements and asset quality, the company remains well-positioned for sustained performance in the housing finance sector.
