Repco Home comes down
By
Ruma Dubey
about 7 years ago
Repco Home Finance, which provides home finance mainly in South India, is currently the top loser on the BSE, down 9% at Rs.696.70.
The market is disappointed with the company’s performance for Q1FY18. The company reported a 14% (YoY) rise in net profit at Rs.45 crore on a 8% increase in income from operations at Rs.266 crore. NII was up 14% at Rs.96 crore.
The disappointment was mainly on the asset quality front – Gross NPA rose from 2.6% to 3.97% (QoQ) while Net NPA too increased sharply from 1.39% to 2.61%.