Repco Home Finance September-quarter profit rises to Rs 115.86 crore

Repco Home Finance Limited reported standalone net profit of Rs 115.86 crore for the quarter ended September 30, 2026, up 8.34% from Rs 106.94 crore a year earlier, as total income increased to Rs 481.54 crore and standalone loans reached Rs 16,142.92 crore.

How did Repco Home Finance perform in the September quarter?

Repco Home Finance's standalone net profit rose by Rs 8.92 crore year-on-year to Rs 115.86 crore in the quarter ended September 30, 2026. Profit before tax increased by Rs 6.78 crore to Rs 149.22 crore, while total income rose by Rs 35.85 crore from Rs 445.69 crore in the September 2025 quarter.

Interest income increased to Rs 467.25 crore from Rs 433.41 crore a year earlier and Rs 456.90 crore in the June 2026 quarter. Fees and commission income rose to Rs 7.65 crore from Rs 6.16 crore in September 2025, while net gain on fair-value changes was Rs 1.15 crore against Rs 0.54 crore.

Repco Home Finance also recorded a sequential increase in profit from Rs 114.15 crore in the quarter ended June 30, 2026. Basic earnings per share, or EPS, were Rs 18.52 in the September 2026 quarter, compared with Rs 18.25 in June 2026 and Rs 17.09 a year earlier.

What changed in Repco Home Finance's expenses and credit charges?

Repco Home Finance's total expenses increased to Rs 332.32 crore in the September 2026 quarter from Rs 303.25 crore a year earlier. Finance costs rose by Rs 16.60 crore to Rs 261 crore, while employee benefits expense increased by Rs 5.17 crore to Rs 39.48 crore.

Impairment on financial instruments was a Rs 0.39 crore charge in the September 2026 quarter, compared with a Rs 1.46 crore reversal in the September 2025 quarter. The preceding June 2026 quarter included a larger Rs 9.69 crore impairment charge, making the September-quarter charge lower sequentially.

For the half year ended September 30, 2026, Repco Home Finance reported Rs 10.08 crore of impairment, compared with a Rs 4.15 crore reversal in the corresponding prior-year half year. Finance costs rose to Rs 512.29 crore from Rs 488.47 crore, while employee benefits expense increased to Rs 73.70 crore from Rs 62.14 crore.

Tax expense was Rs 33.36 crore in the September 2026 quarter, down from Rs 35.50 crore a year earlier. For the six months, tax expense declined to Rs 66.95 crore from Rs 73.88 crore, while standalone net profit increased to Rs 230.01 crore from Rs 214.89 crore.

How much did Repco Home Finance's loan book grow?

Repco Home Finance's standalone loans stood at Rs 16,142.92 crore on September 30, 2026, an increase of Rs 542.95 crore from Rs 15,599.97 crore on March 31, 2026. The 3.48% rise over the first half of financial year 2026-27 made loans the largest component of total standalone assets of Rs 17,097.95 crore.

The cash-flow statement recorded a Rs 543.62 crore increase in loans during the half year ended September 30, 2026, compared with a Rs 595.63 crore increase in the corresponding 2025 period. The reported increase in loans was therefore Rs 52.01 crore lower than the prior-year half-year movement.

Borrowings other than debt securities increased by Rs 683 crore to Rs 12,615.79 crore between March 31 and September 30, 2026. Debt securities declined by Rs 74.02 crore to Rs 199.20 crore, while total liabilities rose by Rs 560.01 crore to Rs 12,963.56 crore.

What do Repco Home Finance's cash flows and disclosures show?

Repco Home Finance used Rs 527.36 crore in operating activities in the half year ended September 30, 2026, compared with an outflow of Rs 345.11 crore a year earlier. The operating outflow reflected the Rs 543.62 crore increase in loans and a Rs 197.76 crore increase in other financial assets, partly offset by Rs 324.01 crore of operating profit after interest received and finance costs paid.

Financing activities generated Rs 587.53 crore of net cash in the September 2026 half year, compared with Rs 311.58 crore in the previous year's period. Borrowing proceeds were Rs 2,328.24 crore and repayments were Rs 1,731.71 crore, resulting in cash and cash equivalents of Rs 296.39 crore at September 30, 2026, up from Rs 287.19 crore at March 31, 2026.

Housing-related finance was Repco Home Finance's only standalone reportable business because management evaluates the loan portfolio as a whole. On a consolidated basis, housing-related finance recorded segment revenue of Rs 477.75 crore in the September 2026 quarter, up from Rs 441.90 crore a year earlier, while associate Repco Micro Finance Limited contributed Rs 7.02 crore as share of profit.

Repco Home Finance reported no transfer or acquisition of loans not in default, or of stressed loans, during the quarter and half year ended September 30, 2026. Restructured personal-loan exposure classified as standard declined to Rs 209.05 crore from Rs 228.65 crore at the previous half-year end, after Rs 18 crore of borrower payments and Rs 1.60 crore that slipped into non-performing assets, or NPAs.

Conclusion

Repco Home Finance combined an 8.34% year-on-year increase in September-quarter standalone net profit with a Rs 542.95 crore expansion in loans during the first half of financial year 2026-27. Higher finance costs, employee costs and a return to impairment charges accompanied the income and loan-book growth, while lower tax expense supported the increase in reported profit.

The next disclosed event is the interim dividend of Rs 5 per equity share for financial year 2026-27, declared by the board on November 5, 2026. Repco Home Finance set November 13, 2026 as the record date, and subsequent results will show whether loan growth, finance costs and impairment charges change from the September-quarter levels.