Repco Home Finance Limited — Updates, 12-11-2024: Press Release

Total income for Repco Home Finance Limited reached Rs. 428 crores, marking a 28% increase compared to the same quarter last year. Net profits rose by 7% to Rs. 113 crores, with stable net interest income at Rs. 176 crores. The loan book grew 8.1% year-on-year to Rs. 13,964 crores, and loan sanctions surged by 27% to Rs. 926 crores. Asset quality improved significantly, with gross non-performing assets (GNPA) declining to Rs. 552 crores and a GNPA ratio of 3.96%, down from 4.93% a year prior. The company's capital adequacy ratio stood strong at 33.98%, significantly above the regulatory minimum of 15%. The retail-focused loan composition remains robust, with a healthy loan spread at 3.4%. With these positive performance indicators, investors may view this as a favorable outlook for growth and stability within the company.