Repco Home Finance Q1 FY26 Results 2025: Key trends

What the latest Repco Home Finance numbers show

Repco Home Finance Ltd. reported a mixed set of quarterly numbers for the period ended June 2025, with operating revenue rising sequentially but profitability showing mild pressure. The dataset shows operating revenue of ₹435.51 crore in Jun 2025, up from ₹424.22 crore in Mar 2025. Another quarterly series in the same data pack also tracks performance through Mar 2026, indicating revenue momentum continued through Dec 2025 before a small dip in Mar 2026. For investors, the key monitorables in this set are the interplay between revenue growth, interest expended, and operating expenses. Housing finance businesses tend to be sensitive to funding costs, and the reported interest line remains large relative to reported income.

Quarterly performance: Jun 2025 versus Mar 2025

Operating revenue increased to ₹435.51 crore in Jun 2025 from ₹424.22 crore in Mar 2025. The notes in the dataset also describe this as a quarter-on-quarter (QoQ) increase of 2.20 percent from ₹426.15 crore. Other income for Jun 2025 is shown at ₹5.19 crore, compared with ₹1.12 crore in Mar 2025 in the quarterly result table. Profit before tax (PBT) came in at ₹146.33 crore in Jun 2025 versus ₹144.46 crore in Mar 2025, as per the quarterly result table. Net profit for Jun 2025 is reported at ₹107.95 crore, down from ₹124.71 crore in Mar 2025.

Profitability and margins in the recent quarter

The summary in the dataset states operating profit at ₹249.26 crore for the referenced quarter, and flags a QoQ decline of 2.12 percent from ₹254.65 crore. It also lists PBDT at ₹46.08 crore with a QoQ decline of 0.50 percent from ₹46.31 crore, alongside a YoY growth number of 32.03 percent. Separately, the quarterly result table reports PBT of ₹146.33 crore for Jun 2025 and net profit of ₹107.95 crore. Another quarterly snapshot table (Jun 2024 to Jun 2025) reports net profit of ₹107.95 crore for Jun 2025 and ₹114.94 crore for Mar 2025, broadly aligning with the softer sequential trend. Because multiple tables in the provided text present overlapping metrics with small differences, this article sticks to the quarter-wise tables for the core quarterly run-rate and highlights the additional summary metrics as provided.

Funding cost remains the biggest cost line

Interest expended is reported at ₹244.07 crore for Jun 2025, largely flat versus ₹245.80 crore in Mar 2025. Across the subsequent quarters in the same series, interest remains in a tight band: ₹244.40 crore (Sep 2025), ₹248.93 crore (Dec 2025), and ₹246.78 crore (Mar 2026). This stability suggests funding cost pressure did not dramatically swing quarter to quarter in this dataset. Still, the absolute size of interest expended relative to operating revenue underscores why even modest changes in spreads can affect profitability.

Expenses and other income: what changed

Operating expenses increased to ₹42.60 crore in Jun 2025 from ₹27.95 crore in Mar 2025, based on the quarterly result table. Depreciation also rose modestly to ₹7.70 crore in Jun 2025 from ₹7.13 crore in Mar 2025. Total provisions are shown at zero across Mar 2025 to Mar 2026 in the quarterly result table. Other income was higher in Jun 2025 at ₹5.19 crore than in Mar 2025 at ₹1.12 crore, although it varied sharply in subsequent quarters (₹0.61 crore in Sep 2025 and ₹0.20 crore in Dec 2025).

Five-quarter trend through Mar 2026

The quarterly result table provides a five-quarter view from Mar 2025 to Mar 2026. Operating revenue increased from ₹424.22 crore (Mar 2025) to ₹456.93 crore (Dec 2025) before easing to ₹453.52 crore (Mar 2026). Net profit dipped from ₹124.71 crore (Mar 2025) to ₹107.95 crore (Jun 2025), remained near that level in Sep and Dec 2025, and then improved to ₹129.11 crore in Mar 2026. Adjusted EPS in the same series moved from ₹19.93 (Mar 2025) to ₹17.26 (Jun 2025) and then to ₹20.64 (Mar 2026).

Annual operating income trend: Mar 2021 to Mar 2025

The profit and loss section (all figures in ₹ crore) shows operating income at ₹1,373.46 crore in Mar 2021, ₹1,290.19 crore in Mar 2022, ₹1,283.74 crore in Mar 2023, ₹1,524.52 crore in Mar 2024, and ₹1,685.16 crore in Mar 2025. Another table presented in million INR mirrors this pattern for 2024, 2023, and 2022, which converts to ₹1,524.52 crore (2024), ₹1,283.74 crore (2023), and ₹1,290.19 crore (2022). The same million-INR table reports net income of 4,163.1 million INR in 2024, which converts to ₹416.31 crore.

Key figures at a glance

Dividends and per-share indicators cited in the dataset

The data pack includes a statement on a dividend recommendation of ₹2.50 per equity share (face value ₹10) for the financial year 2021-22, subject to shareholder approval at the ensuing Annual General Meeting. It also lists annual per-share metrics for Mar 2025 and earlier years, including Earnings Per Share of ₹70.24 (Mar 2025) and DPS of ₹4.00 (Mar 2025). In a separate quarterly ratio table (Jun 2024 to Jun 2025), dividends per share are shown as 0.00 for those quarters.

Why the update matters for investors

For a housing finance company, the direction of operating revenue alongside interest expended is central to understanding earnings quality. In the provided quarterly series, revenue rose from Mar 2025 to Dec 2025, while interest expended stayed in a narrow range, suggesting the company managed funding costs without large quarter-to-quarter shocks during that window. At the same time, operating expenses moved higher from Mar 2025 to later quarters, which can dilute operating leverage if revenue growth slows. The rebound in net profit by Mar 2026, as shown in the five-quarter table, is notable because it follows a period of softer profits across Jun to Dec 2025.

Conclusion

Repco Home Finance’s Jun 2025 quarter shows sequential growth in operating revenue to ₹435.51 crore, but net profit in the quarter is lower than Mar 2025 as per the quarterly result table. The extended five-quarter series indicates revenue built up through Dec 2025 and net profit improved by Mar 2026. Investors tracking future updates will likely focus on the relationship between revenue momentum, the persistently high interest expended line, and the trend in operating expenses across quarters.