Repco Home Finance has posted strong performance during the first quarter of this fiscal. It has reported 31 per cent increase in its net profit at ₹ 40 for the quarter ended June 30, 2016 when compared with ₹ 30 crore in a year-ago period.
Its total income from operations stood at ₹ 247 crore as against ₹ 200 crore, registering an increase of 23 per cent. Its net interest income grew by 27 per cent at ₹ 84 crore when compared with ₹ 66 crore, according to a company statement.
It sanctioned loans worth ₹ 678 crore during the April-June 2016 quarter, up marginally over the same period previous year. Disbursements stood at ₹ 600 crore (₹ 580 crore in Q1 of previous year).
The loan book of the company grew by 25 per cent and stood at ₹ 7,959 crore as on June 30, 2016, up from ₹ 6,344 crore a year-ago. As of June quarter this fiscal, its gross NPAs stood at 2.22 per cent (2.22 per cent) and net NPA was at 1.22 per cent (1.29 per cent).
The capital adequacy ratio of the company stood at 20.05 per cent consisting entirely of Tier-1 capital, as against the minimum stipulated requirement of 12 per cent.