Repco Home Finance Ltd

- The company has applied to National Housing Bank (NHB) for new loan facilities, which they had not availed in the last 1.5 to 2 years due to covenant issues. If sanctioned, the loan from NHB will increase going forward. - No specific mention of any ongoing or planned equity fundraising in the provided transcript. - Incremental borrowing cost is approximately 8.5-8.6%, indicating that fresh debt raising is considered with prevailing market rates. - The management is considering inorganic growth options like portfolio buyouts in the future, which may require additional funding subject to approvals. - Overall, the focus currently is more on organic growth with no immediate plans disclosed for large new fundraises aside from the NHB facility application.

- The company has budgeted around ₹50 Crores for technology upgradation, comprising software and hardware costs (excluding AMC and other expenses). - So far, ₹20 Crores have been spent on phase one of the technology platform transformation. - Some additional expenditure is expected to complete phase one. - Phase two of the technology upgrade is planned to be implemented over the next one year. - Phase two will cover department-specific applications including HR and audit. - The impact of these technology expenses on overall profitability is expected to be minimal. - No specific mentions of other capital or strategic investments were noted in the current period.

- Management aims for 12% growth in AUM for FY2024, confident of achieving this target driven by a strong second half, especially due to the festive season (Page 5). - For FY2025, there is an intention to increase growth to 15-20%, subject to board approval (Page 5). - Sales vertical is newly created and currently small but showing promise, contributing about 20% of new business recently; plans to gradually increase sales staff and improve productivity are underway (Pages 12-13). - Focus on organic growth rather than portfolio buyouts currently, though portfolio buyouts are possible if conditions are favorable (Page 13). - Branch expansion ongoing: 199 touch points across 12 states with plans for new branches and satellite centers to support growth (Page 4). - Management cautiously optimistic on maintaining stable margins while pushing growth, potentially sacrificing slight margin to achieve higher growth (Page 9).

- The company targets 12% loan growth for FY2024, with a focus on stronger growth in the second half aided by the festive season. - Management aims for 15-20% loan growth in FY2025, subject to board approval. - Profitability is expected to remain strong with NIMs around 5.4% and spread at 3.4%. - Net profit grew 38% YoY to ₹98 Crores in Q2 FY2024; full-year profit guidance is ₹350 Crores, with ₹187 Crores achieved in H1. - Operating expenses will increase due to technology investments (₹50 Crores planned), but impact on profits is expected to be moderate. - The company expects to maintain 3%+ spread and cost of funds near 8.5-8.6%. - Strong recovery efforts continue, with H1 recoveries of ₹82 Crores and confidence in surpassing ₹100 Crores full-year guidance. - Organic growth remains the preferred strategy over portfolio buyouts.

The provided transcript does not contain any specific information about the current or expected order book or pending orders for Repco Home Finance. The discussion mainly revolves around financial performance, growth plans, sales and collection team details, provisioning, technology expenses, borrowing costs, and asset quality. Therefore, no data or commentary regarding order book or pending orders is available.