Repco Home Finance Ltd. (RHFL) reported Q3 standalone net profit rose 23% over the year earlier period to ₹99 crore due to improvement in asset quality.
Total revenue from operations increased by ₹60 crore to ₹387 crore, net interest income rose to ₹173 crore from ₹146 crore and net interest margin improved to 5.3% from 4.8%, the home finance firm said in a statement.
Loan sanctions rose 4% to ₹777 crore and disbursements by 9% to ₹759 crore. The loan spread remained healthy at 3.4%.
Gross non-performing assets (NPA) declined to 4.7% from 6.15% and net NPA from 3.41% to 1.9%.
The company carried provisions of ₹528 crore, or 4.1% of total loan assets. The capital adequacy ratio stood at 34.7% as against the prescribed 15% by the regulators.
The overall loan book grew by 8% to ₹13,185 crore, of which loans to the self-employed segment accounted for 49%, and loans against property account for 20%. 100% of the loans given by the company are retail loans.
