Repco Home Finance Ltd reported a 14.4% year-on-year (YoY) rise in net profit for Q2 FY25, reaching ₹108.7 crore, up from ₹95 crore in the same quarter last year. The company’s total income rose by 11.5%, totaling ₹428 crore compared to ₹384 crore in Q2 FY24.
Net Interest Income (NII) saw a marginal increase of 1.7%, amounting to ₹175.7 crore against ₹172.7 crore in the previous fiscal’s corresponding quarter. Loan sanctions and disbursements experienced robust growth, with sanctions increasing by 8% to ₹926 crore and disbursements rising by 9% to ₹867 crore, compared to Q2 FY24.
Repco‘s gross non-performing assets (NPAs) decreased quarter-on-quarter, falling from ₹583 crore to ₹552 crore, while net NPAs also declined from ₹223 crore to ₹217 crore. The company maintained a steady loan spread of 3.4% and reported a return on assets (RoA) of 3.3% and a return on equity (RoE) of 16%.
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The company’s stock increased 18% in 2024, reaching ₹483.1, though it is down 4.6% from its recent high of ₹595. Repco’s loan book grew by 8.1% YoY, standing at ₹13,964 crore as of September 30, 2024. Housing loans comprise 74% of its loan book, with home equity products making up the remaining 26%. The capital adequacy ratio remains strong at 33.98%, comfortably above the 15% regulatory minimum.
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