Motilal Oswal: Repco Home Finance Q2 Review - Spreads Improve; Asset Quality Stable 
Residential buildings stand at the Edelco Utopia housing complex in Noida, Uttar Pradesh, India (Photographer Anindito Mukherjee/Bloomberg)

Motilal Oswal: Repco Home Finance Q2 Review - Spreads Improve; Asset Quality Stable 

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 Q2 FY21 profit before tax was up 6% YoY at Rs 1.08 billion.

On the back of a lower tax rate (1.3%) in the base quarter, profit after tax declined 20% YoY to Rs 808 million.

The quarter was characterized by a gradual pick up in business volumes, improvement in spreads, and focus on collections.

The company created Rs 72 million in provisions in Q2 FY21. Collection efficiency stood at 93% in September 2020.

Click on the attachment to read the full report:

Motilal Oswal Repco Home Finance Q2FY21 Result Update.pdf

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