Investor Presentation on financial results for FY ended 31.03.2026
REPCOHOME · price
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Repco Home Finance reported a strong Q4FY26 with loan sanctions up 25% year-on-year to Rs. 1,320 crores and disbursements rising 22% to Rs. 1,186 crores. Total income grew 7% to Rs. 454 crores while net profit increased 4% to Rs. 129 crores. The loan book expanded 10% to Rs. 15,880 crores. Asset quality showed meaningful improvement with GNPA declining to 2.55% from 3.26% a year ago, and stage-2 assets falling to 7.02% from 9.73%. Credit cost turned negative at -0.5% for FY26, indicating provisions were written back. Net Interest Margin improved to 5.5% from 5.1%, while the cost-to-income ratio stood at 31.1% for the quarter. The company maintains a 35.38% capital adequacy ratio and holds an AA-/Stable credit rating from CARE and ICRA.
The quarter demonstrates healthy loan growth momentum with improving asset quality and margins, which should be positive for the stock. The declining GNPA and negative credit cost indicate better-than-expected stress recognition and collection efficiency. However, ROE at 14.9% remains below the previous year's 16.7%, suggesting some compression in returns.