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.