Repco Home Finance Reports 23.13% Growth in Q3 Net Profit

14 Feb 2024 CW Team

Repco Home Finance has announced a significant growth of 23.13 percent in its net consolidated profit for the quarter ending December 30, 2023. According to a filing with the Bombay Stock Exchange (BSE), the company's profit after tax (PAT) soared to Rs 994.4 million in Q3 FY24, compared to Rs 807.6 million in the corresponding quarter of the previous fiscal year.

During the said quarter, the company's net consolidated total income surged to Rs 3.93 billion, marking an 18.85 percent increase from Rs 3.30 billion reported in the similar quarter last year.

Loan sanctions witnessed a notable growth of 4%, reaching Rs 7.77 billion in Q3 FY24, while loan disbursements rose to Rs 7.59 billion as opposed to Rs 6.96 billion in Q3 FY23. Notably, the loan spread maintained at 3.4%, and the return on assets stood at 3.1% during this quarter.

As of December 31, 2023, Repco Home Finance's overall loan book amounted to Rs 131.85 billion. The company's loans to the non-salaried segment accounted for 51.3% of the outstanding loan book, while loans to the salaried segment constituted 48.7%. Housing loans comprised 75.6% of the loans, with home equity products making up the remaining 24.4% of the outstanding loan book.

However, the company also disclosed its non-performing assets (NPA) figures, indicating gross NPAs amounting to Rs 618 crore and net NPAs totaling Rs 2.47 billion as of December 31, 2023. The gross NPA ratio stood at approximately 4.7%, with the net NPA ratio at about 1.9% of the loan assets.

Moreover, Repco Home Finance reported provisions for expected credit losses totaling Rs 5.28 billion, equivalent to 4.1% of the total loan assets. The company's capital adequacy ratio stood at 34.7%.

The company's latest financial results indicate a robust performance amidst evolving market conditions, with steady growth in key financial metrics and prudent risk management practices.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..