Repco Home Finance profit rises 12 per cent

Repco Home Finance reported its results for the quarter ended March 31, 2018 on Wednesday after market hours.

The net interest income for the quarter rose by 11 per cent YoY and 6.2 per cent QoQ to Rs 122.26 crore in Q4FY18 as against Rs 115.14 crore in Q3FY18 and Rs 110.04 crore in the same quarter previous year.

The interest income for the company grew marginally by 3.6 per cent YoY to Rs 283.25 crore in Q4FY18 as compared with Rs. 273.53 crore in Q4FY17. On a full year basis, the NII grew by 15 per cent YoY to Rs 457 crore as compared to Rs 398 crore in FY17. Further, the interest income grew by 6 per cent YoY to Rs 1105 crore from Rs 1044 crore in FY17.

The provisions for the quarter jumped by 23.5 per cent YoY, while these declined by 26.2 per cent QoQ to Rs 14.3 crore in Q4FY18 as against Rs 11.6 crore in Q4FY17 and Rs 19 crore in Q3FY18.

The net profit for the quarter came in at Rs 56.6 crore, up by 11.9 per cent YoY. On a full year basis, the net profit jumped by 13 per cent YoY to Rs 206 crore as against Rs 182 crore in FY17.

The board of directors has recommended a final dividend of Rs 2.20 per equity share of the face value of Rs 10 each.

On Wednesday, the stock opened at Rs 560.05 and made an intra-day high of Rs. 580.40 and finally closed at Rs. 565.20 on the BSE.