REPCOHOMERepco Home Finance Ltd.
Repco Home Finance Q2 FY27 Results: Consolidated Net Profit ₹119 Crore on Total Income of ₹478 Crore
- Earnings
- Housing finance
Reviewed byKeshav SehgalBlacklitt Research
Repco Home Finance (NSE: REPCOHOME) reported consolidated total income of ₹477.75 crore and net profit of ₹119.09 crore for the quarter ended 30 Sep 2026, it said in a filing on 05 Nov 2026. Standalone total income was ₹481.54 crore and standalone net profit ₹115.86 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹477.75 crore, up 8.1% YoY and 2.1% QoQ
- Net profit and EPS: ₹119.09 crore, up 8.6% YoY and down 2.1% QoQ; basic EPS ₹19.04
- Finance costs: ₹261.00 crore, up 6.8% YoY and 3.9% QoQ
Standalone
The company on its own, without its subsidiaries
- Total income: ₹481.54 crore, up 8.0% YoY and 2.9% QoQ
- Net profit and EPS: ₹115.86 crore, up 8.3% YoY and 1.5% QoQ; basic EPS ₹18.52
- Interim dividend: ₹5 per share (50% of face value ₹10), record date 13 Nov 2026
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 477.75 | 441.90 | +8.1% | 467.90 | +2.1% | |
| Revenue from operations | 477.41 | 441.29 | +8.2% | 467.70 | +2.1% |
| Other income | 0.34 | 0.61 | -44.3% | 0.20 | +70.0% |
| 119.09 | 109.66 | +8.6% | 121.62 | -2.1% | |
| Profit before tax | 145.43 | 138.65 | +4.9% | 147.74 | -1.6% |
| Finance costs | 261.00 | 244.40 | +6.8% | 251.29 | +3.9% |
| Depreciation | 10.36 | 7.90 | +31.1% | 10.38 | -0.2% |
| Tax expense | 33.36 | 35.50 | -6.0% | 33.59 | -0.7% |
| Net profit margin | 24.93% | 24.82% | +0.11 pp | 25.99% | -1.07 pp |
| EPS, basic (₹) | 19.04 | 17.53 | +8.6% | 19.44 | -2.1% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated net profit grew faster than total income over the year: ₹119.09 crore against ₹109.66 crore, up 8.6%, while total income rose 8.1%.
Other income is small: ₹0.34 crore, 0.1% of total income and 0.2% of profit before tax. Revenue from operations of ₹477.41 crore accounts for almost all of the quarter's income. Finance costs of ₹261.00 crore equal 54.6% of total income, and they rose 6.8% year on year, a little slower than income.
Consolidated net profit exceeds profit before tax less tax by about ₹7 crore in each of the three columns. The associate, Repco Micro Finance Limited, is accounted for under the equity method, and its share of profit is ₹7.02 crore for the quarter.
Depreciation rose 31.1% year on year to ₹10.36 crore, from a base of ₹7.90 crore. The filing does not say why.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 481.54 | 445.69 | +8.0% | 467.90 | +2.9% | |
| Revenue from operations | 481.20 | 445.08 | +8.1% | 467.70 | +2.9% |
| Other income | 0.34 | 0.61 | -44.3% | 0.20 | +70.0% |
| 115.86 | 106.94 | +8.3% | 114.15 | +1.5% | |
| Profit before tax | 149.22 | 142.44 | +4.8% | 147.74 | +1.0% |
| Finance costs | 261.00 | 244.40 | +6.8% | 251.29 | +3.9% |
| Depreciation | 10.36 | 7.90 | +31.1% | 10.38 | -0.2% |
| Tax expense | 33.36 | 35.50 | -6.0% | 33.59 | -0.7% |
| Net profit margin | 24.06% | 23.99% | +0.07 pp | 24.40% | -0.34 pp |
| EPS, basic (₹) | 18.52 | 17.09 | +8.4% | 18.25 | +1.5% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit of ₹115.86 crore rose 8.3% year on year against total income growth of 8.0%. Against the previous quarter, net profit rose 1.5% while total income rose 2.9%, so the profit growth lagged income in the sequential comparison.
Standalone profit before tax of ₹149.22 crore is 4.8% above the year-earlier quarter. Tax expense of ₹33.36 crore equals 22.4% of standalone profit before tax.
The balance sheet and asset quality ratios cover the whole company: gross NPA is 3.07%, net NPA 1.49%, and the provision coverage ratio 52.03%. Net worth is ₹4,134.39 crore and the debt equity ratio 3.10 as at 30 Sep 2026. Note 7 records a deferred tax reversal of ₹14.40 crore for the quarter ended 31 Mar 2026, which the auditors drew attention to without modifying their conclusion.
Inference
The filing declares an interim dividend of ₹5 per equity share for FY 2026-27, with a record date of 13 Nov 2026. The dividend payout in total is not stated.
The filing reports ₹659.01 crore of loans taken from promoter Repco Bank in the half year, and ₹70,000 paid to the RBI as a penalty under section 52A of the National Housing Bank Act, 1987. The purpose of the Repco Bank loan beyond the related-party disclosure is not stated, and the reason for the rise in finance costs and borrowings is not given.
Whether the special reserve deferred tax treatment will change in future periods is not stated.
Filed with BSE on . Reference: Original filing (PDF)
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