Key Financial Performance - Q2 FY27 (Quarterly)

Business Metrics:

  • Loan sanctions: ₹1,359 crores (vs ₹938 crores in Q1 FY27, ₹1,205 crores in Q2 FY26)
  • Loan disbursements: ₹1,205 crores (vs ₹843 crores in Q1 FY27, ₹1,069 crores in Q2 FY26)
  • Total income: ₹481 crores (vs ₹468 crores in Q1 FY27, ₹445 crores in Q2 FY26)
  • Net profit: ₹116 crores (vs ₹114 crores in Q1 FY27, ₹107 crores in Q2 FY26)

Profit & Loss Statement (Q2 FY27):

  • Revenue from operations: ₹481 crores
  • Other income: ₹0.3 crores
  • Interest and financial charges: ₹261 crores
  • Employee benefit expense: ₹39 crores
  • Administrative & other expenses: ₹21 crores
  • Depreciation: ₹10 crores
  • ECL Provision: ₹0 crores (vs ₹10 crores in Q1 FY27)
  • Profit before tax: ₹149 crores
  • Current tax: ₹32 crores
  • Deferred tax: ₹0.5 crores

Key Financial Performance - H1 FY27 (Half-Yearly)

Business Metrics (6 months):

  • Loan sanctions: ₹2,297 crores (vs ₹2,112 crores in H1 FY26)
  • Loan disbursements: ₹2,048 crores (vs ₹1,898 crores in H1 FY26)
  • Total income: ₹949 crores (vs ₹886 crores in H1 FY26)
  • Net profit: ₹230 crores (vs ₹215 crores in H1 FY26)

Profit & Loss Statement (H1 FY27):

  • Revenue from operations: ₹949 crores
  • Other income: ₹0 crores
  • Interest and financial charges: ₹512 crores
  • Employee benefit expense: ₹73 crores
  • Depreciation and amortization: ₹21 crores
  • Other expenses: ₹35 crores
  • Provisions & write-offs: ₹10 crores
  • Profit before tax: ₹297 crores
  • Current tax: ₹65 crores
  • Deferred tax: ₹2 crores

Asset Quality & Portfolio Metrics

Asset Quality Indicators (as of September 30, 2026):

  • Gross NPA: 2.4% (vs 2.7% in Q1 FY27, 3.1% in Q2 FY26)
  • Stage-2 assets: 7.0% (vs 7.2% in Q1 FY27, 8.8% in Q2 FY26)
  • Total loan book: ₹16,425 crores (vs ₹15,033 crores a year ago)
  • AUM as of June 30, 2026: ₹15,990 crores

Portfolio Composition:

  • Non-salaried segment: 53.6% of outstanding loan book
  • Salaried segment: 46.4% of outstanding loan book
  • Housing loans: 71% of loan book
  • Home Equity products: 29% of loan book
  • 100% retail loans

ECL Provision Details (₹ crores):

| Category | Sep'25 | Jun'26 | Sep'26 |

| Gross Stage 3 | 475 | 427 | 398 |

| % portfolio in Stage 3 | 3.2% | 2.7% | 2.4% |

| ECL provision - Stage 3 | 249 | 233 | 263 |

| Net Stage 3 | 225 | 194 | 135 |

| Coverage ratio - Stage 3 | 52.5% | 54.5% | 66.0% |

| Gross Stage 1 & 2 | 14,558 | 15,564 | 16,027 |

| % portfolio in Stage 1 & 2 | 96.8% | 97.3% | 97.5% |

| Total ECL provision | 374 | 353 | 353 |

AUM Distribution by Stage (₹ crores):

| Stage | Sep'25 AUM | % | Jun'26 AUM | % | Sep'26 AUM | % |

| Stage-1 | 13,234 | 88.03% | 14,411 | 90.1% | 14,873 | 90.5% |

| Stage-2 | 1,324 | 8.8% | 1,152 | 7.2% | 1,154 | 7.0% |

| Stage-3 | 475 | 3.1% | 427 | 2.7% | 398 | 2.4% |

| Total | 15,033 | 100.0% | 15,990 | 100.0% | 16,425 | 100% |

Borrowing Profile

Borrowing Sources (₹ crores):

| Source | Average Cost | Q2FY26 | Q1FY27 | Q2FY27 | YoY Change |

| National Housing Bank | 7.73% | 799 | 748 | 921 | 15% |

| Commercial Banks | 8.40% | 9,751 | 10,474 | 10,967 | 12% |

| Repco Bank | 8.50% | 805 | 581 | 580 | -28% |

| Commercial Paper | 7.60% | 141.91 | 74 | 74 | -48% |

| PTC | 7.85% | - | 76.78 | 145 | - |

| Non-Convertible Debentures | 8.40% | - | 125.00 | 125 | - |

| Total | 8.35% | 11,498 | 12,078 | 12,812 | |

Credit Ratings

As of September 30, 2026:

| Rating Agency | Instrument | Rating |

| CARE | Term Loan | AA-/ Stable |

| CARE | Commercial Paper | A1+ |

| ICRA | Term Loan | AA-/ Stable |

| ICRA | Non-Convertible Debentures | AA-/ Stable |

| ICRA | Commercial Paper | A1+ |

| ICRA | Pass Through Certificates | AAA (SO) |

Geographic Presence & Business Operations

Network Details:

  • Present in 12 states and 1 Union Territory
  • 210 branches and 32 satellite centers
  • 2 asset recovery branches
  • Presence beyond South: Maharashtra, Gujarat, Rajasthan, Madhya Pradesh, West Bengal, Odisha & Jharkhand
  • Employee strength: 1,636 as of September 30, 2026

Region-wise Loan Book Distribution:

| State | Sep-25 | Jun-26 | Sep-26 | YoY Growth | QoQ Growth |

| Tamil Nadu | 57.1% | 57.3% | 57.4% | 10% | 3% |

| Karnataka | 12.3% | 11.4% | 11.2% | -1% | 1% |

| Maharashtra | 9.7% | 9.8% | 10.0% | 13% | 5% |

| Andhra Pradesh | 5.9% | 5.7% | 5.7% | 6% | 3% |

| Telangana | 5.4% | 5.7% | 5.8% | 17% | 5% |

| Gujarat | 2.6% | 2.6% | 2.5% | 5% | -1% |

| Kerala | 2.3% | 2.3% | 2.3% | 9% | 3% |

| Others | 4.5% | 5.0% | 5.0% | 21% | 3% |

| Total | 100% | 100% | 100% | 9.3% | 2.7% |

Financial Ratios

Quarterly Performance Ratios:

| Ratio | Q2FY26 | Q1FY27 | Q2FY27 |

| NIM (%) | 5.4 | 5.4 | 5.5 |

| Yield on assets (%) | 12.1 | 11.7 | 12.0 |

| Cost of Borrowings (%) | 8.5 | 8.3 | 8.3 |

| Spread (%) | 3.4 | 3.4 | 3.7 |

| Return on assets (%) | 2.9 | 2.9 | 2.9 |

| Return on equity (%) | 13.5 | 12.7 | 12.6 |

Half-Yearly Performance Ratios:

| Ratio | Sep'25 | Sep'26 |

| NIM (%) | 5.4 | 5.4 |

| Yield on assets (%) | 12.0 | 11.8 |

| Cost of Borrowings (%) | 8.7 | 8.3 |

| Spread (%) | 3.3 | 3.5 |

| Return on assets (%) | 2.9 | 2.9 |

| Return on equity (%) | 13.6 | 12.5 |

Shareholding Pattern

Outstanding shares: 6.26 crore

Major Non-Promoter Shareholders:

  • Bandhan Small Cap Fund: 9.8%
  • ICICI Prudential Banking and Financial Services Fund: 4.1%
  • ICICI Prudential Small Cap Fund: 2.9%
  • Fidelity Funds - Asian Smaller Companies Pool: 2.8%
  • Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Small Cap Fund: 1.5%
  • Whiteoak Capital Flexi Cap Fund: 1.2%
  • HDFC Mutual Fund - HDFC Banking And Financial Services Fund: 1.0%
  • Fidelity Asian Values Plc: 0.9%

Company Background

Repco Home Finance Limited is a professionally managed housing finance company headquartered in Chennai, Tamil Nadu, incorporated in April 2000. Registered as a Housing Finance Company (HFC) with the National Housing Bank (NHB). The company focuses on innovative loan products, direct customer contact, quality servicing, transparency, speed of operations, and under-penetrated markets.

Board of Directors

  • Mr. C. Thangaraju - Chairman, Non-Executive and Non-Independent Director
  • Mr. E. Santhanam - Non-Executive and Non-Independent Director
  • Mr. B. Raj Kumar - Non-Executive and Independent Director
  • Mr. Mrinal Kanti Bhattacharya - Non-Executive and Independent Director
  • Mr. R. Vaithianathan - Non-Executive and Independent Director
  • Mrs. Usha Ravi - Non-Executive and Independent Director
  • Mr. T. Karunakaran - Managing Director & CEO
  • Dr. G. Venkataiah - Non-Executive and Independent Director
  • Mr. B Kannan - Whole time Director & Chief Development Officer (Additional Director)
  • Mrs. Aparna Sudip Kumar - Non-Executive and Independent Director