Repco Home Finance moves north after strong Q4 numbers

Repco Home Finance rose 3.79% to Rs 774.45 at 11:33 IST on BSE after net profit rose 20% to Rs 50.60 crore on 14% growth in income from operations to Rs 273.50 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 25 May 2017.

Meanwhile, the S&P BSE Sensex was up 150.51 points or 0.49% at 30,900.54. The S&P BSE Mid-Cap index was up 157.38 points or 1.11% at 14,384.39.

On the BSE, 11,000 shares were traded on the counter so far as against the average daily volumes of 16,598 shares in the past one quarter. The stock had hit a high of Rs 796.30 and a low of Rs 740.35 so far during the day.

 

The stock had hit a record high of Rs 891.30 on 6 September 2016 and a 52-week low of Rs 499.50 on 20 December 2016. It had underperformed the market over the past one month till 25 May 2017, sliding 2.57% compared with the Sensex's 2.69% rise. The scrip had, however, outperformed the market over the past one quarter, advancing 12.46% as against the Sensex's 6.43% rise.

The mid-cap company has equity capital of Rs 62.56 crore. Face value per share is Rs 10.

Repco Home Finance's net interest income rose 20% to Rs 102.90 crore in Q4 March 2017 over Q4 March 2016.

Net interest margin expanded to 4.7% in Q4 March 2017, from 4.6% in Q4 March 2016. Spread expanded to 3.4% in Q4 March 2017, from 3% in Q4 March 2016.

The company's board recommended a dividend of Rs 2 per share for the year ended March 2017.

Repco Home Finance (RHFL) is one of the leading housing finance companies in India. As on 31 March 2017, the company had a total network of 125 branches and 32 satellite centers.

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