Repco Home Finance Ltd. · NSE:REPCOHOME
Repco Home Finance — Q1 FY25 Earnings Presentation
27 slides from Repco Home Finance's earnings presentation, Aug 1, 2024
Slide 1: Exchange filing cover letter
RHFL/SE/35/2024-25 1st August, 2024 National Stock Exchange of India Limited, BSE Limited Exchange Plaza, Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Bandra (E) Dalal Street Mumbai-400 051 Mumbai- 400001 NSE Symbol: REPCOHOME BSE Security Code: 535322 Kind Attn: Listing Department Dear Sir/Madam
Slide 2: Earnings Presentation Q1 FY25
Repco Home Finance Limited Earnings Presentation Q1 FY25 www.repcohome.com Earnings Presentation August 2024
Slide 3: Agenda
Agenda Repco Home Finance Limited Q1 FY25 Performance ► Business summary ► Financial performance ► Borrowing Profile Geographic Presence ► Footprint ► Region-wise loan book Annexure Earnings Presentation August 2024 2
Slide 4: Q1 FY25 Performance
Repco Home Finance Limited Q1 FY25 Performance Earnings Presentation August 2024 3
Slide 5: Business Summary
Business Summary Repco Home Finance Limited Loans Outstanding Net Worth Total Capital Adequacy Rs. 137,011 Mn. Rs. 27,709 Mn Ratio 34% Average loan per unit Number of live accounts Employee strength Rs. 1.26 Mn. 109,052 1,116 GNPA – 4.3% ECL provision – 3.8% Amounts have been rounded off to the near
Slide 6: Business performance momentum
Business performance momentum Repco Home Finance Limited Figures in Rs. million 12,000 9,777 10,000 8,946 8,597 7,971 7,768 7,589 8,000 7,258 7,272 6,843 6,804 6,000 4,000 2,000 - Q1 Q2 Q3 Q4 Q1 FY24 FY25 Sanctions Disbursements Amounts have been rounded off to the nearest million Earnings Presentat
Slide 7: Key Indicators – Q1 FY25 vs Q1 FY24
Key Indicators – Q1 FY25 vs Q1 FY24 Repco Home Finance Limited Figures in Rs. million Sanctions Disbursements Net Interest Income 7,272 6,804 1,749 Q1FY25 0.2% -0.6% 8.0% 7,258 6,843 1,619 Q1FY24 Operating Revenue PBT PAT 4,078 1,366 1,054 Q1FY25 11.9% 14.0% 18.3% Q1FY24 3,645 1,198 891 Amounts have
Slide 8: Key Indicators – Q1 FY25 vs Q4 FY24
Key Indicators – Q1 FY25 vs Q4 FY24 Repco Home Finance Limited Figures in Rs. million Sanctions Disbursements Net Interest Income Q1FY25 7,272 6,804 1,749 -25.6% -23.9% 1.5% 9,777 8,946 1,723 Q4FY24 Operating Revenue PBT PAT Q1FY25 4,078 1,366 1,054 3.9% -1.51% -2.5% Q4FY24 3,926 1,387 1,081 Amounts
Slide 9: Asset Book
Asset Book Repco Home Finance Limited Figures in Rs. million Sanctions and Disbursements Loan Book 160,000 12,000 137,011 135,134 9,777 140,000 126,554 10,000 8,946 7,258 6,843 7,272 6,804 120,000 8,000 100,000 6,000 80,000 4,000 60,000 2,000 40,000 - Q1FY24 Q4FY24 Q1FY25 20,000 Sanctions Disburseme
Slide 10: Income and earnings growth Q-o-Q
Income and earnings growth Q-o-Q Repco Home Finance Limited Figures in Rs. million Income from Operations Net interest income 4,500 4,078 1,900 3,926 1,723 1,749 4,000 3,645 1,700 1,619 3,500 1,500 3,000 2,500 1,300 2,000 1,100 1,500 900 1,000 500 700 - 500 Q1FY24 Q4FY24 Q1FY25 Q1FY24 Q4FY24 Q1FY25
Slide 11: Operating cost
Operating cost Repco Home Finance Limited Figures in Rs. million Employee Cost Other Opex 350 250 288 291 300 194 200 250 237 162 155 200 150 150 100 100 50 50 0 0 Q1FY24 Q4FY24 Q1FY25 Q1FY24 Q4FY24 Q1FY25 Cost to Income Ratio 30.0% 26.3% 25.0% 22.8% 23.6% 20.0% 15.0% 10.0% 5.0% 0.0% Q1FY24 Q4FY24 Q
Slide 12: Profitability ratios Q-o-Q
Profitability ratios Q-o-Q Repco Home Finance Limited Net Interest Margin Spread 5.5% 5.1% 5.1% 5.1% 3.6% 5.0% 3.3% 3.4% 3.4% 3.3% 3.2% 4.5% 3.0% 2.8% 4.0% 2.6% 2.4% 3.5% 2.2% 2.0% 3.0% Q1FY24 Q4FY24 Q1FY25 Q1FY24 Q4FY24 Q1FY25 Return on Equity Return on Assets 18.0% 16.5% 3.5% 3.2% 16.3% 3.1% 16.0%
Slide 13: Asset Quality
Asset Quality Repco Home Finance Limited 6.0% 5.5% 4.9% 4.7% 5.0% 4.1% 4.3% 4.0% 3.0% 2.0% 2.8% 1.7% 2.2% 1.9% 1.0% 1.5% 0.0% Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 GNPA NNPA Earnings Presentation August 2024 12
Slide 14: Product / Occupation mix wise GNPA(%)
Product / Occupation mix wise GNPA(%) Repco Home Finance Limited 8.0% 7.0% 7.0% 6.0% 5.5% 5.0% 5.0% 4.3% 4.4% 4.0% 4.2% 4.1% 4.3% 4.0% 3.0% 2.0% 1.0% 0.0% Home Loan Home Equity Overall Q1FY24 Q4FY24 Q1FY25 9.0% 7.9% 8.0% 7.0% 5.9% 6.1% 6.0% 5.5% 5.0% 4.1% 4.3% 4.0% 2.8% 3.0% 2.2% 2.3% 2.0% 1.0% 0.0%
Slide 15: ECL provision
ECL provision Repco Home Finance Limited Figures in Rs. million Particulars Jun'23 Mar'24 June'24 Gross Stage 3 6,947 5,516 5,826 % portfolio in Stage 3 5.5% 4.1% 4.3% ECL provision - Stage 3 3,571 3,597 3,600 Net - Stage 3 3,376 1,918 2,226 Coverage ratio - Stage 3 51.4% 65.2% 61.8% Gross Stage 1 &
Slide 16: Stage-wise Movement
Stage-wise Movement Repco Home Finance Limited Figures in Rs. million Jun'24 Jun'23 Particulars AUM % AUM % Stage-1 1,15,222 84.0% 1,01,622 80.3% Stage-2 15,963 11.7% 17,985 14.2% Stage-3 5,826 4.3% 6,947 5.5% Grand Total 1,37,011 100.0% 1,26,554 100.0% Amounts have been rounded off to the nearest m
Slide 17: Borrowing profile
Borrowing profile Repco Home Finance Limited Figures in Rs. million % change Source Average cost Q1 FY24 Q4 FY24 Q1 FY25 (Y-o-Y) National Housing Bank 7.92% 14,736 11,606 11,602 -21% Commercial Banks 8.70% 73,406 84,681 87,055 19% Repco Bank 8.40% 10,920 10,693 10,482 -4% Total 8.59% 99,062 1,06,980
Slide 18: Movement in borrowing cost
Movement in borrowing cost Repco Home Finance Limited 10.0% 8.5% 8.6% 9.0% 8.4% 8.3% 8.4% 8.4% 8.3% 8.4% 8.3% 8.5% 8.5% 8.5% 8.6% 8.6% 8.2% 8.2% 8.3% 8.2% 8.4% 8.3% 8.4% 8.2% 8.3% 8.2% 8.1% 8.2% 8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-
Slide 19: Geographic Presence
Repco Home Finance Limited Geographic Presence Earnings Presentation August 2024 17
Slide 20: Network
Network Repco Home Finance Limited Present in 12 states and 1 Union Territory with Branch Network 181 branches and 42 satellite centers. In Q1 FY25, we have opened 7 new branches, upgraded 6 satellite centres to branches, opened 7 new satellite centres. We have also closed down 3 satellite centres
Slide 21: Region-wise loan book
Region-wise loan book Repco Home Finance Limited Kerala, 3% Others, 4% Gujarat, 3% Telangana, 5% Andhra Pradesh, 6% Maharashtra, 10% Tamil Nadu, 56% Karnataka, 13% Annualised Exposure Growth State Jun-23 Mar-24 Jun-24 Y-o-Y Q-o-Q Tamil Nadu 56.8% 56.9% 56.4% 8% 2% Karnataka 13.0% 13.0% 12.9% 7% 3% M
Slide 22: Annexure
Repco Home Finance Limited Annexure Earnings Presentation August 2024 20
Slide 23: Shareholding pattern
Shareholding pattern Repco Home Finance Limited Outstanding shares – 62.6 Mn. NRIs, 1.6% Major Non-Promoter Shareholders % Foreign Others, 2.3% Portfolio Investors, 14.0% HDFC Mutual Fund 7.1% Alternative Investment Promoters, Funds, 1.5% 37.1% Aditya Birla Sun Life Mutual Fund 5.0% Fidelity Asian V
Slide 24: Profit and loss statement
Profit and loss statement Repco Home Finance Limited Figures in Rs. million Quarter Ended Growth (%) Particulars Jun-24 Mar-24 Jun-23 Q-o-Q Y-o-Y 1 Revenue from operations (a) Interest income 4,007 3,831 3,572 5 12 (b) Other loan related income 71 95 73 -25 -2 Total revenue from operations 4,078 3,9
Slide 25: Relative performance – Q-o-Q
Relative performance – Q-o-Q Repco Home Finance Limited Particulars Units Q4 FY24 Q1 FY25 Sanctions Rs. mn 9,777 7,272 Disbursements Rs. mn 8,946 6,804 Net interest income Rs. mn 1,723 1,749 PAT Rs. mn 1,081 1,054 NIM % 5.1 5.1 Yield on assets % 11.7 12.0 Cost of funds % 8.3 8.6 Spread % 3.4 3.4 Ret
Slide 26: Relative performance – Y-o-Y
Relative performance – Y-o-Y Repco Home Finance Limited Particulars Units Q1 FY24 Q1 FY25 Sanctions Rs. mn 7,258 7,272 Disbursements Rs. mn 6,843 6,804 Net interest income Rs. mn 1,619 1,749 PAT Rs. mn 891 1,054 NIM % 5.1 5.1 Yield on assets % 11.5 12.0 Cost of funds % 8.2 8.6 Spread % 3.3 3.4 Retur
Slide 27: For any queries, please contact
Repco Home Finance Limited For any queries, please contact: Ms.Lakshmi K Chief Financial Officer Repco Home Finance Limited Phone: +91 44 42106650 Email: cfo@repcohome.com Safe Harbor: This presentation may have certain statements that may be “forward looking” including those relating to general bus