 "Stock brokers reacts as they watch the share prices of BSE sensex in Mumbai. File Photo: Kamlesh Pednekar")
Repco Home Finance has slipped 8% to Rs 556 in intra-day trade, trading close to its 52-week low of Rs 552 on the BSE, after the company reported 4% year-on-year (YoY) growth in net profit at Rs 485 million in December 2017 quarter (Q3FY18). The housing finance company had profit of Rs 464 million in the same quarter year ago.
Net interest income (interest earned minus interest expended) during the quarter under review grew 18% to Rs 1,071 million from Rs 907 million in the corresponding quarter of previous fiscal.
The assets quality of the company worsens sequentially with the gross non-performing
