News Earnings Repco Home Finance Reports Strong Q3 Performance with Net Profit at Rs. 109 CroresRepco Home Finance Reports Strong Q3 Performance with Net Profit at Rs. 109 Crores
Repco Home Finance delivered strong Q3 results with net profit at Rs. 1.09 billion and revenue at Rs. 4.45 billion, showing year-on-year growth. The company achieved 35% growth in loan sanctions and 40% growth in disbursements, while significantly improving asset quality with GNPA declining to 2.92% from 3.86% previously.
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Repco Home Finance Limited has announced its financial results for Q3, showcasing strong operational performance and improved asset quality metrics. The Chennai-based housing finance company, registered with the National Housing Bank, continues to demonstrate steady growth across key business parameters.
Financial Performance Overview
The company delivered solid financial results with net profit reaching Rs. 1.09 billion compared to Rs. 1.07 billion in the corresponding previous quarter, marking steady profitability. Revenue stood at Rs. 4.45 billion versus Rs. 4.40 billion year-on-year, reflecting consistent income generation.
| Financial Metric | Q3 Current | Q3 Previous | Growth |
|---|---|---|---|
| Net Profit | Rs. 1.09 billion | Rs. 1.07 billion | Marginal Growth |
| Revenue | Rs. 4.45 billion | Rs. 4.40 billion | Steady Growth |
| Total Income | Rs. 457 crores | Rs. 445 crores | 3% |
| Loan Sanctions | Rs. 1,087 crores | Rs. 806 crores | 35% |
| Loan Disbursements | Rs. 1,064 crores | Rs. 761 crores | 40% |
Business Performance Highlights
The company achieved significant growth in loan sanctions and disbursements during the quarter. Loan sanctions reached Rs. 1,087 crores compared to Rs. 806 crores in the previous year, representing a robust 35% growth. Similarly, loan disbursements grew by 40% to Rs. 1,064 crores from Rs. 761 crores, reflecting strong market demand and operational efficiency.
Asset Quality Improvement
The company demonstrated substantial improvement in asset quality parameters, reflecting better risk management and collection efficiency. GNPA declined to 2.92% from 3.86% in the corresponding previous quarter, while Stage-2 assets reduced to 8.02% from 10.56%.
| Asset Quality Metric | Current Quarter | Previous Year | Previous Quarter |
|---|---|---|---|
| GNPA | 2.92% | 3.86% | 3.16% |
| Stage-2 Assets | 8.02% | 10.56% | 8.81% |
Portfolio and Operational Metrics
The overall loan book stood at Rs. 15,394 crores compared to Rs. 14,155 crores a year back. The portfolio maintains a balanced composition with loans to the non-salaried segment accounting for 53% of the outstanding loan book and salaried segment loans comprising 47%. Housing loans constitute 71% of the portfolio while Home Equity products account for 29%.
Net Interest Income reached Rs. 208 crores compared to Rs. 198 crores in the previous year. The company maintained healthy profitability ratios with Return on Assets at 2.90% and Return on Equity at 13.30%. The Net Interest Margin stood at 5.60% while the yield on assets was 12.30%.
Operational Expansion and Credit Profile
The company continues to expand its geographical footprint, currently operating across 12 states and 1 Union Territory with 205 branches and 31 satellite centers. Tamil Nadu remains the largest market with 57.30% exposure, followed by Karnataka at 12.10% and Maharashtra at 9.70%. Total borrowings stood at Rs. 11,769 crores with an average borrowing cost of 8.45%, maintaining strong credit ratings with CARE and ICRA.
Historical Stock Returns for Repco Home Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.99% | +0.43% | -6.44% | -0.86% | +2.88% | +54.19% |
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