Repco Home Finance Ltd (RHFL) posted a marginal increase in its standalone net profit for the December quarter at ₹109 crore, compared with ₹107 crore in the corresponding period last year.
Income from operations rose 3% year-on-year to ₹457 crore. Net interest income (NII) increased to ₹208 crore from ₹198 crore, while net interest margin (NIM) edged down to 5.6% from 5.7%.
Gross non-performing assets (GNPA) declined to 2.92% (₹450 crore) from 3.86% (₹546 crore) a year ago. Net NPAs stood at 1.38% (₹213 crore) of loan assets, compared with 1.51% (₹209 crore) in the year-ago period.
The company carried provisions for expected credit losses (ECL) amounting to ₹359 crore, representing 2.3% of total loan assets. The provision coverage ratio (PCR) stood at 53%, compared with 62% in the corresponding quarter last year. The capital adequacy ratio (CAR) remained strong at 37.22%.
The overall loan book grew 8.8% to ₹15,394 crore as against ₹14,155 crore in the previous year.
During the quarter, RHFL sanctioned loans worth ₹1,087 crore, up 35% from ₹806 crore, while loan disbursements rose to ₹1,064 crore from ₹761 crore.
Loans to the non-salaried segment accounted for 53% of the outstanding loan book, while the salaried segment made up the remaining 47%.
Housing loans constituted 71% of the loan portfolio, with home equity products accounting for 29%. All loans are retail in nature, the company said.