Q1 2025 Repco Home Finance Ltd Earnings Call Transcript
Key Points
- Repco Home Finance Ltd (BOM:535322) reported an 18.33% increase in net profit for Q1 FY25, amounting to 105.4 crores.
- The company maintained a strong core profitability with a solid split on margin.
- The cost-to-income ratio decreased to 23.6% from 26.3% in the previous quarter.
- Repco Home Finance Ltd (BOM:535322) has started recruiting experienced personnel in sales and collection verticals to drive growth.
- The company plans to expand its footprint by adding 30-40 new branches, aiming to reach 250 outlets by March 2025.
- Disbursements for Q1 FY25 were flat compared to the same period last year, affected by internal staff relocations, general elections, and a heatwave.
- Gross NPA increased to 4.225% as of June 30, 2024, compared to 3.95% in the previous quarter.
- The company's loan book growth was only 8.3%, which is lower than the 26% growth registered in the year-ago period.
- Stage two numbers remained high at 11.6%, the same as the last quarter.
- The company faces stiff competition in the home loan space from microfinance and small finance banks, which could impact future growth.
Ladies and gentlemen, good day and welcome to the Repco Home Finance Q1 FY25 earnings conference call hosted by YES Securities. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Rajiv Mehta from YES Securities. Please go ahead.
Good evening, everyone. Welcome to the Q1 FY25 earnings call of Repco Home Finance. We thank the management for giving us the opportunity to host them once again. From the company we are joined by Mr. K. Swaminathan, MD and CEO; Mr. T. Karunakaran, Chief Operating Officer; Mr. P.K. Vaidyanathan, Chief Development Officer; Mr. M. Raja, Chief Business Officer; and Ms. K. Lakshmi, Chief Financial Officer. I would request Mr. Swaminathan to give us an overview on the company's performance post which we'll open the floor for Q&A. Over to you, sir.
Thanks, Mr. From Securities. We would like to welcome
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