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.'s profit after tax fell 21% QoQ to Rs 632 million (27% miss) in Q4 FY21.
While net interest income was in line, profit after tax miss was due to higher operating expenses (up 18% YoY, led by corporate social responsibility expenses and improvement in business volumes) and credit cost (on greater provision cover on S1/S2 loans in anticipation of higher restructuring).
Performance in Q4 FY21 was characterised by healthy net interest margin of 4.8%, sharp decline in gross non performing asset (down 60 basis point QoQ and YoY), and pick-up in disbursements (up 6% YoY).
Balance transfers will remain pronounced in the near future.
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