BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Repco Home Finance Ltd. reported a Q2 FY22 profit after tax of Rs 859 million (16% beat), up ~6% YoY and 168% QoQ, driven by a 12% YoY and 8% QoQ growth in net interest income (8% beat) and a healthy improvement in other income.
Credit costs declined by 78% QoQ to Rs 169 million, driven by a minor sequential improvement in the asset quality and lower incremental restructuring.
Pre provision operating profit rose 14% YoY and 8% QoQ to Rs 1.32 billion, with operating expenses up 10% YoY and 15% QoQ.
Loan growth continued to remain muted, led by Repco’s inability to significantly improve its levels of disbursements and stem the elevated levels of balance transfers.
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