Housing Finance company Repco Home Finance announced Q2FY25 results Financial Highlights: Loans sanctions stood at Rs 926 crore as compared to Rs 860 crore, registering a growth of 8%. Loan disbursements stood at Rs 867 crore as compared to Rs 797 crore, registering a growth of 9%. Total income stood at Rs 428 crore as compared to Rs 384 crore, registering a growth of 11.5%. Net interest income stood at Rs 176 crore as compared to 173 crore. Net profits stood at Rs 113 crore as compared to Rs 98 crore, registering a growth of 15%. Loan spread remained healthy at 3.4%. Return on assets stood at 3.3%, resulting in a return on equity of 16.0% as compared to 3.1% and 16.1%, respectively. Asset Quality: GNPA amounted to Rs 552 crore as of Q2FY25, as against Rs 637 crore as of Q2FY24 and Rs 583 crore as of Q1FY25, showing a remarkable decline. NNPA constituted Rs 217 crore of the loan assets as of September 30, 2024, as against Rs 272 crore as of Q2FY24 and Rs 223 crore as of Q1FY25. The gross non-performing assets (GNPA) ratio stood at 3.96% and Net NPA ratio stood at 1.59% of the loan assets as ofSeptember 30, 2024. This is against 4.93 % and 2.16% as of Q2FY24 respectively. As required under IND AS, the Company has carried provisions for expected credit losses to the tune of Rs 489 crore or 3.5% of total loan assets. The Stage-3 assets carry a Coverage Ratio of 61%. Capital Adequacy: The capital adequacy ratio stood at 33.98%. The minimum capital adequacy ratio prescribed by the regulator is 15%. Result PDF