Money & Banking

Repco Home Finance net profit dips to ₹42 crore in Q4

BL Chennai Bureau | | Updated on: May 23, 2022

Saving money, home loan, mortgage, a property investment for future concept. A man hand putting money coin over small residence house and money bag with nature background. A sustainable investment. | Photo Credit: Indysystem

Interest income dips 6 per cent to ₹308 crore

Chennai-based Repco Home Finance on Monday posted a 33 per cent drop in fourth quarter net profit at ₹42.03 crore. The housing finance company posted a net profit of ₹63.2 crore for the same quarter of FY21. 

However, on a sequential basis, the company’s net profit jumped 34 per cent from ₹31.47 crore in Q3FY22. Interest income dropped 6 per cent year-on-year to ₹308.44 crore (₹327.53 crore) during Q4FY22.

For the full year, the company’s net profit declined 33 per cent to ₹191.54 crore (₹287.6 crore) in FY22.

Published on May 23, 2022
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