Repco Home Fin Q2 FY27 Results (NSE: REPCOHOME)
Signal: Earnings grew
The read
The quarter shows a modest earnings improvement rather than a growth inflection: consolidated total income rose 5.0% YoY to ₹467.90 crore, PAT rose 5.0% to ₹121.62 crore, and lower impairment plus ₹7.47 crore from the associate offset slower sequential income momentum; loans grew 4.5% from March 2026 while operating cash flow was negative at ₹527.36 crore.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹467.9 Cr | +5.0% | -2.1% |
| Net profit | ₹121.62 Cr | +5.0% | |
| EPS | ₹19.44 | +10.9% | |
| EBIT margin | 0 |
P&L walk
Consolidated total income was ₹467.90 crore, +5.0% YoY and -2.1% QoQ, while PAT was ₹121.62 crore, +5.0% YoY; lower impairment and a ₹7.47 crore associate contribution supported earnings despite modest income momentum.
Segments
Housing-related finance generated ₹114.15 crore of segment result, while the associate microfinance business added ₹7.47 crore; the associate lifted consolidated PAT to ₹121.62 crore from standalone PAT of ₹114.15 crore.
Key positives
- Consolidated PAT increased 5.0% YoY to ₹121.62 crore despite total-income growth of 5.0%, supported by impairment falling to ₹1.25 crore.
- Associate profit of ₹7.47 crore lifted consolidated PAT above standalone PAT of ₹114.15 crore.
- Finance costs declined 1.8% YoY to ₹32.34 crore, while loans increased 4.5% to ₹12,963.56 crore from March 2026.
Key concerns
- Total income declined 2.1% QoQ to ₹467.90 crore, indicating sequential deceleration in income momentum.
- Operating cash flow was negative at ₹527.36 crore during H1FY27 while loans grew to ₹12,963.56 crore, highlighting cash absorption from loan growth.
- Standalone PAT of ₹114.15 crore was 1.5% below the year-ago ₹115.86 crore; consolidated growth depended partly on the ₹7.47 crore associate contribution.
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