Repco Home Finance Q1 net jumps 31% to Rs 39 crore

NEW DELHI: Repco Home Finance (RHFL) has reported a rise of 31 per cent in net profit at Rs 39.53 crore for the first quarter ended June 30, 2016.

Company’s net profit stood at Rs 30.24 crore in the same quarter of previous fiscal 2015-16, Repco Home Finance said in a regulatory filing.

Total income from operations during the April-June quarter rose to Rs 246.91 crore as against Rs 200.10 crore in the same period a year ago, it said.

The net interest income increased by 27 per cent to Rs 83.97 crore, as against Rs 66.37 crore.

Repco Home Finance sanctioned loans of Rs 678.33 crore and disbursed Rs 599.70 crore during the quarter ended June 2016.

Company’s loan book also increased by 25 per cent to Rs 7,959.32 crore as at June end of current fiscal.

The Chennai headquartered RHFL is a housing finance company operating through 120 branches and 31 satellite centres in Tamil Nadu, Andhra Pradesh, Jharkhand, Kerala, Karnataka, Maharashtra, Madhya Pradesh, Gujarat, Odisha, West Bengal and Puducherry