 "Repco Home Finance surges 14% post Q2 earnings")
Repco Home Finance surged 14% to Rs 671 on the BSE in early morning trade after the company reported 22% growth in net profit at Rs 56 crore in September 2017 quarter (Q2FY18). It had reported profit of Rs 46 crore in a year ago quarter.
Net interest income (interest earned minus interest expended) during the quarter under review grew 21% at Rs 109 crore against Rs 90 crore in the corresponding quarter of previous fiscal.
The company’s assets quality improves sequentially with gross non-performing assets (NPAs) at 3.4% as of Q2FY18 against 4% as of Q1FY18. Net
Net interest income (interest earned minus interest expended) during the quarter under review grew 21% at Rs 109 crore against Rs 90 crore in the corresponding quarter of previous fiscal.
The company’s assets quality improves sequentially with gross non-performing assets (NPAs) at 3.4% as of Q2FY18 against 4% as of Q1FY18. Net
