Repco Home Finance net profit up 30.7%

Repco Home Finance Ltd has registered an increase of 30.7% in net profit at Rs 29.16 crore for the quarter ended September 30, 2013, as against Rs 22.31 crore for the same quarter ended during previous fiscal year.

The total income from operations increased by 9.48% at Rs 129.9 crore as compared to Rs 118.65 crore for the corresponding quarter of previous financial year.

The loan assets have of the company have increased from Rs 3,097.80 crore as at September 30,2012, to Rs 4,035.58 crore as at September 30, 2013, registering a growth of 30.27%, according to the company's quarterly result announcement.

The total borrowing of the company stood at Rs 3,319.37 crore as at September end, this year, as compared to Rs 2,735.28 crore during the same period of the previous year.

Gross NPAs as on September 30, 2013, were at Rs 67.22 crore, which is 1.67% of the total loans, as against Rs 65.61 crore which is 2.12% of the total loans, during the same period of last fiscal year.

The net NPAs of the company stood at 0.92% during September 30, 2013, coming down from 1.59% in the corresponding period of the previous fiscal year, it added.