15 Feb 2022 , 10:35 AM
The Board of Directors of Repco Home Finance Limited at its meeting on Monday approved the financial results prepared as per Indian Accounting Standards (IND AS) for the quarter ended December 31, 2021.
The company’s total income stood at Rs325.45 crore in Q3FY22 as compared to Rs359.75 crore in Q3FY21. Net interest income stood at Rs149.16 crore as compared to Rs154.36 crore resulting in healthy margins of 5.04%. Net profits stood at Rs31.47 crore as compared to Rs79.60 crore.
Loans sanctions stood at Rs494.31 crore in Q3FY22 as compared to Rs650.01 crore in Q3FY21. Loan disbursements stood at Rs443.86 crore as compared to Rs551.67 crore. Interest spread remained robust at 3.83% as compared to 3.88%. Return on assets stood at 1.06% resulting in a return on equity of 6.21% on a deleveraged balance sheet as compared to 2.64% and 17.33% respectively.
Total income during 9MFY22 stood at Rs982.34 crore as compared to Rs1,051.89 crore in 9MFY21. Net interest income stood at Rs449.97 crore as compared to Rs421.97 crore and margins at 5.01%. Net profits in 9MFY22 stood at Rs149.52 crore as compared to Rs224.39 crore in 9MFY21.
Loans sanctions in 9MFY22 stood at Rs1,220.81 crore as compared to Rs1,339.21 crore in 9MFY21. Loan disbursements stood at Rs1,167.56 crore as compared to Rs1,200.47 crore. Interest spread expanded to 3.81% as compared to 3.46%. Return on assets and equity remained robust at 1.67% and 10.05% as compared to 2.51% and 16.88% respectively.
At around 10.36 am, Repco Home Finance Ltd was trading at Rs227.65 per piece down by Rs31.6 or 12.19% from its previous closing of Rs259.25 per piece on the BSE.
Loan Book and composition
The overall loan book stood at Rs11,785.66 crore at the end of December 2021. Loans to the self-employed segment accounted for 51.30% of the outstanding loan book and loans against property product accounted for 18.16% of the same. 100.00% of the loans given by the company are retail in nature.
Asset Quality
Capital Adequacy
The capital adequacy ratio stood provisionally at 31.31%. The minimum capital adequacy ratio prescribed by the regulator is 14.00%.
Distribution network
As on December 31, 2021, the company had a total network of 155 branches and 22 satellite centers spread across Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Kerala, Maharashtra, Odisha, Gujarat, West Bengal, Madhya Pradesh, Jharkhand, Rajasthan and the Union Territory of Puducherry.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248, DP SEBI Reg. No. IN-DP-185-2016
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.