Repco Home Finance Ltd has reported a 20 per cent increase in net profit at ₹30 crore in the first quarter ended June 30, 2015, against ₹25 crore in the year ago period.
Total income from operations of the Chennai-headquartered housing finance company was up 28 per cent to ₹200 crore (₹156 crore.
Total expenditure rose 29 per cent to ₹154 crore (₹119 crore).
Loans sanctioned in the reporting quarter increased by 38 per cent to ₹662 crore (₹481 crore). Disbursements were up 40 per cent at ₹580 crore (₹415 crore).
As on June-end 2015, loans outstanding rose 30 per cent to ₹6,344 crore (₹4,892 crore).
RHFL’s gross NPAs (non-performing assets) were at ₹140.59 crore (2.22 per cent of the total loans), against ₹121.76 crore (2.49 per cent of total loans).
The net NPAs position improved to 1.29 per cent from 1.60 per cent.
RHFL’s target customer segment comprises self employed professionals and self employed non-professionals.
Loans to salaried and non-salaried borrowers constitute 43 per cent and 57 per cent of loan book.
The housing finance company, which was promoted by Repco Bank in 2000, taps customers in tier-II and -III cities and peripheries of tier-1 cities. It has 142 branches and satellite centres, with more than 80 per cent located in southern India.
Loan sizeThe company’s average loan size nudged up from ₹11 lakh in FY2014 to ₹12 lakh in FY2015.
RHFL shares closed at ₹744.45 per share, up 0.93 per cent on the BSE on Friday.