Repco Home Finance delays its ₹25,000 cr AUM goal by one year

Repco Home Finance is adjusting its long-term math. The company now expects to reach ₹25,000 crore in assets under management by FY29, a one-year delay from its previous FY28 target. Management points to a combination of structural prepayment headwinds and persistent competitive pressure as the cause. This adjustment comes despite a 26% year-on-year rise in annual profit to ₹376 crore. To soften the blow on its balance sheet, the company secured a ₹600 crore refinance facility from the National Housing Bank. This deal should trim funding costs by 10-15 basis points. With management guiding for ₹5,000 crore in disbursements for FY27 and further spread compression down to 3.2-3.25%, the focus is clearly shifting toward managing margins in a difficult lending environment. The delay is the news; the lower cost of funds is the attempted fix.