Repco Home Finance Ltd. · NSE:REPCOHOME
Repco Home Finance — Q3 FY25 Earnings Presentation
35 slides from Repco Home Finance's earnings presentation, Feb 12, 2025
Slide 1: Exchange filing cover letter for investor presentation
RHFL/SE/81/2024-25 12th February, 2025 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/Ma
Slide 2: Earnings Presentation Q3FY25
Repco Home Finance Limited Earnings Presentation Q3FY25 www.repcohome.com Earnings Presentation February 2025
Slide 3: Agenda
Agenda Repco Home Finance Limited About Us MD & CEO Comments Board of Directors Q3FY25 Performance ► Business summary ► Financial performance ► Borrowing Profile ► Credit Rating ► ALM Surplus Geographic Presence ► Footprint ► Region-wise loan book Annexure Earnings Presentation Februar
Slide 4: About us
About us Repco Home Finance Limited Repco Home Finance Ltd (RHFL) is a professionally managed housing finance company head quartered in Chennai, Tamil Nadu. We were incorporated in April 2000. We are registered as a Housing Finance Company (HFC) with the National Housing Bank (NHB) The mission of RH
Slide 5: MD and CEO Comments on Q3 FY25
MD and CEO Comments on Q3 FY25 Repco Home Finance Limited We are happy to share the performance of RHFL during the Quarter. Loans sanctions stood at Rs. 8,064 million in Q3 FY25 as against to Rs. 7,768 millions in Q3 FY24 and Rs. 9,264 million in Q2 FY25. Loan disbursements stood at Rs. 7,613 millio
Slide 6: Board of Directors
Board of Directors Repco Home Finance Limited Mr. C. Thangaraju Mr. E.Santhanam Mr. Anant Kishore Mr. B. Raj Kumar Non- Chairman, Non- Non-Executive and Saran Non-Executive Executive and Executive and Non- Non-Independent and Non-Independent Independent Director Independent Director Director Directo
Slide 7: Q3FY25 Performance
Repco Home Finance Limited Q3FY25 Performance Earnings Presentation February 2025 6
Slide 8: Business Summary
Business Summary Repco Home Finance Limited Loans Outstanding Net Owned Fund Total Capital Adequacy Rs. 141,551 Mn Rs. 29,801 Mn Ratio 32.52% Average loan per unit Number of live accounts Employee strength Rs. 1.28Mn 110,524 1407 GNPA – 3.86% ECL provision – 3.5% Earnings Presentation February 202
Slide 9: Business performance momentum
Business performance momentum Repco Home Finance Limited Figures in Rs million 10,000 9,777 9,264 8,946 9,000 8,597 8,672 7,971 8,064 7,768 7,589 7,613 8,000 7,272 6,804 7,000 6,000 5,000 4,000 3,000 2,000 1,000 - Q2 Q3 Q4 Q1 Q2 Q3 FY24 FY25 Sanctions Disbursements Earnings Presentation February 2
Slide 10: Key Indicators – Q3FY25 vs Q3FY24
Key Indicators – Q3FY25 vs Q3FY24 Repco Home Finance Limited Figures in Rs million Sanctions Disbursements Net Interest Income Q3FY25 8,064 7,613 1,884 4% 0.3% 10% Q3FY24 7,768 1,720 7,589 Operating Revenue PBT PAT Q3FY25 4,359 1,440 1,066 13% 7% 7% Q3FY24 3,873 1,341 994 Earnings Presentation Feb
Slide 11: Key Indicators – Q3FY25 vs Q2FY25
Key Indicators – Q3FY25 vs Q2FY25 Repco Home Finance Limited Figures in Rs million Sanctions Disbursements Net Interest Income Q3FY25 8,064 7,613 1,884 -13% -12% 7% Q2FY25 9,264 8,672 1,757 Operating Revenue PBT PAT Q3FY25 4,359 1,440 1,066 5% -6% -5% Q2FY25 4,153 1,528 1,125 Earnings Presentation
Slide 12: Portfolio Composition (9M)
Portfolio Composition (9M) Repco Home Finance Limited Figures in Rs million Loan Book Net Owned Fund 35,000 160,000 139,644 141,551 29,801 30,000 28,679 140,000 131,855 25,699 120,000 25,000 100,000 20,000 80,000 15,000 60,000 10,000 40,000 20,000 5,000 Q3FY24 Q2FY25 Q3FY25 Q3FY24 Q2FY25 Q3FY25 Loan
Slide 13: Performance Metrics (3M)
Performance Metrics (3M) Repco Home Finance Limited Figures in Rs million Income from Operations Net interest income 5,000 2,100 4,359 1,884 4,500 4,153 1,900 3,873 1,720 1,757 4,000 1,700 3,500 3,000 1,500 2,500 1,300 2,000 1,100 1,500 900 1,000 500 700 - 500 Q3FY24 Q2FY25 Q3FY25 Q3FY24 Q2FY25 Q3FY
Slide 14: Operating cost (3M)
Operating cost (3M) Repco Home Finance Limited Figures in Rs million Employee Cost Other Opex 350 300 284 289 300 246 250 233 242 250 200 167 200 150 150 100 100 50 50 0 0 Q3FY24 Q2FY25 Q3FY25 Q3FY24 Q2FY25 Q3FY25 Cost to Income Ratio 30.0% 26.4% 26.0% 25.0% 22.0% 20.0% 15.0% 10.0% 5.0% 0.0% Q3FY24
Slide 15: Quarterly Profitability ratios (3M)
Quarterly Profitability ratios (3M) Repco Home Finance Limited Net Interest Margin Spread 6.0% 3.8% 3.7% 5.5% 3.6% 5.5% 5.3% 3.4% 3.4% 5.1% 3.4% 5.0% 3.2% 3.0% 4.5% 2.8% 4.0% 2.6% 2.4% 3.5% 2.2% 3.0% 2.0% Q3FY24 Q2FY25 Q3FY25 Q3FY24 Q2FY25 Q3FY25 Return on Equity Return on Assets 18.0% 15.8% 16.0% 3
Slide 16: Asset Quality
Asset Quality Repco Home Finance Limited 5.0% 4.7% 4.5% 4.3% 4.1% 4.0% 3.9% 4.0% 3.5% 3.0% 2.5% 2.0% 1.6% 1.5% 1.9% 1.5% 1.7% 1.0% 1.5% 0.5% 0.0% Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 GNPA NNPA Earnings Presentation February 2025 15
Slide 17: GNPA Movement
GNPA Movement Repco Home Finance Limited RBI Circular on NPA treatment* (%) And COVID – 19 Wave II 8.00% 7% 7.00% 5.80% 6.00% COVID-19 Wave - I 4.10% 5.00% 4.30% 3.70% 3.86% 4.00% Demonetisation 2.90% 3% 3.00% 2.60% 2.00% 1.50% 1.30% 1.30% 1.00% 0.00% FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY2
Slide 18: Credit Cost
Credit Cost Repco Home Finance Limited % 2.2% 2.0% 1.9% 1.8% 1.6% 1.4% 1.2% 1.0% 0.7% 0.8% 0.6% 0.5% 0.4% 0.4% 0.2% -0.1% 0.0% 0.0% -0.2% FY20 FY21 FY22 FY23 FY24 FY25 (9M) -0.4% Earnings Presentation February 2025 17
Slide 19: Product / Occupation mix wise GNPA(%)
Product / Occupation mix wise GNPA(%) Repco Home Finance Limited 6.0% 5.2% 5.0% 4.7% 4.5% 4.0% 3.9% 3.8% 4.0% 3.9% 4.0% 3.7% 3.0% 2.0% 1.0% 0.0% Home Loan Home Equity Overall Q3FY24 Q2FY25 Q3FY25 8.0% 6.8% 7.0% 6.0% 5.7% 5.5% 5.0% 4.7% 4.0% 3.9% 4.0% 3.0% 2.5% 2.1% 2.0% 2.0% 1.0% 0.0% Salaried Non-S
Slide 20: ECL provision
ECL provision Repco Home Finance Limited Figures in Rs million Q3FY24 Q2FY25 Q3FY25 Gross Stage 3* 6,182 5,524 5,458 % portfolio in Stage 3 4.7% 3.9% 3.9% ECL provision - Stage 3 3,714 3,354 3,373 Net - Stage 3* 2,467 2,170 2,086 Coverage ratio - Stage 3 60.1% 60.7% 61.8% Gross Stage 1 & 2* 1,25,673
Slide 21: Stage-wise Movement
Stage-wise Movement Repco Home Finance Limited Figures in Rs. million Dec’23 Sep'24 Dec’24 Particulars AUM % AUM % AUM % Stage-1 1,09,789 83.27% 1,18,812 85.08% 1,21,143 85.58% Stage-2 15,884 12.05% 15,308 10.96% 14,949 10.56% Stage-3 6,182 4.69% 5,524 3.96% 5,458 3.86% Grand Total 1,31,855 100.00%
Slide 22: Breakup of Overdues
Breakup of Overdues Repco Home Finance Limited Figures in Rs. million Stage-2 Stage-3 Particulars Total AUM AUM % of AUM AUM % of AUM Till March 2020* 50,840 8,951 17.6% 4,597 9.0% (Pre COVID) From April 2020* 90,711 5,998 6.6% 861 0.9% (Post COVID) Grand Total 141,551 14,949 10.6% 5,458 3.9% *Finan
Slide 23: Borrowing profile
Borrowing profile Repco Home Finance Limited % change Source (Rs Mn) Average cost Q3FY24 Q2FY25 Q3FY25 (Y-o-Y) National Housing Bank 8.16% 12,379 10,874 9,456 -24% Commercial Banks 8.83% 80,502 93,280 91,049 13% Repco Bank 8.40% 10,702 10,473 10,267 -4% Total 8.73% 1,03,583 1,14,627 1,10,773 77.7% 8
Slide 24: Movement in borrowing cost
Movement in borrowing cost Repco Home Finance Limited 8.80% 8.73% 8.70% 8.72% 8.70% 8.70% 8.62% 8.66% 8.61% 8.63% 8.62% 8.63% 8.55% 8.59% 8.60% 8.54% 8.57% 8.55% 8.58% 8.54% 8.51% 8.50% 8.43% 8.46% 8.41% 8.43% 8.40% 8.33% 8.34% 8.30% 8.26% 8.20% 8.17% 8.10% 8.00% 7.90% 7.80% Dec-23 Jan-24 Feb-24 Mar
Slide 25: Credit Rating
Credit Rating Repco Home Finance Limited • Credit Rating as on 31st December 2024 Rating Agency Instrument Rating CARE Term Loan AA-/ Stable CARE Commercial Paper A1+ ICRA Term Loan AA-/ Stable ICRA Non- Convertible AA-/ Stable Debentures ICRA Commercial Paper A1+ Earnings Presentation February 20
Slide 26: Geographic Presence
Repco Home Finance Limited Geographic Presence Earnings Presentation February 2025 25
Slide 27: Network
Network Repco Home Finance Limited Present in 12 states and 1 Union Territory with Branch Network 186 branches and 44 satellite centers. Additionally, we have 2 asset recovery branches. Presence beyond South: branches in West Bengal, Odisha, Maharashtra, Jharkhand, 7 Gujarat, Madhya Pradesh &
Slide 28: Region-wise loan book
Region-wise loan book Repco Home Finance Limited Kerala, 2%Others, 4% Gujarat, 3% Telangana, 5% Andhra Pradesh, 6% Maharashtra, 10% Tamil Nadu, 57% Karnataka, 13% Exposure Annualised Growth States Q3FY24 Q2FY25 Q3FY25 Y-o-Y Q-o-Q Tamil Nadu 56.7% 56.4% 56.6% 7% 7% Karnataka 12.9% 12.9% 12.7% 5% -2%
Slide 29: Annexure
Repco Home Finance Limited Annexure Earnings Presentation February 2025 28
Slide 30: Shareholding pattern
Shareholding pattern Repco Home Finance Limited Outstanding shares – 62.6 Mn Major Non-Promoter Shareholders % Foreign NRIs, 1.4% Others, 2.1% Portfolio Investors, 12.5% HDFC Mutual Fund 5.9% Alternative Investment Aditya Birla Sun Life Mutual Fund 4.8% Promoters, Funds, 1.3% 37.1% Evli Emerging Fro
Slide 31: Profit and loss statement (3M)
Profit and loss statement (3M) Repco Home Finance Limited Figures in Rs million (Rs. Million) Dec’24 Sep’24 QOQ (%) Dec’23 YoY (%) Income: Revenue from operations 4,359 4,153 5% 3,873 13% Other income 94 127 -26% 59.00 59% Total Income 4,453 4,280 4% 3,932 13% Expenses: Interest and other financial
Slide 32: Profit and loss statement (9M)
Profit and loss statement (9M) Repco Home Finance Limited Figures in Rs million (Rs. Million) Dec’24 Dec’23 YoY (%) Income: Revenue from operations 12,590 11,319 11% Other income 305 117 162% Total Income 12,896 11,436 13% Expenses: Interest and other financial charges 7,201 6,253 15% Employee benef
Slide 33: Relative performance – (3M)
Relative performance – (3M) Repco Home Finance Limited Particulars Units Dec’23 Sep’24 Dec’24 Sanctions Rs. Mn 7,768 9,264 8,064 Disbursements Rs. Mn 7,589 8,672 7,613 Net interest income Rs. Mn 1,720 1,757 1,884 PAT Rs. Mn 994 1,125 1,066 NIM % 5.3 5.1 5.5 Yield on assets % 11.9 12.1 12.6 Cost of f
Slide 34: Relative performance – (9M)
Relative performance – (9M) Repco Home Finance Limited Particulars Units Dec’23 Dec’24 Sanctions Rs. Mn 23,622 24,600 Disbursements Rs. Mn 22,403 23,088 Net interest income Rs. Mn 5,066 5,390 PAT Rs. Mn 2,866 3,245 NIM % 5.3 5.2 Yield on assets % 11.8 12.2 Cost of funds % 8.4 8.7 Spread % 3.4 3.5 Re
Slide 35: For any queries, please contact
Repco Home Finance Limited For any queries, please contact: Ms. Shanthi Srikanth 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 gen