Repco Home Finance’s top line excels in Q4FY16

Repco Home Finance (RHFL) has declared its Q4FY16 results on May 10. The company’s total income from operations has increased by 25.44 per cent to Rs 240 crore in Q4FY16 as compared to same period in previous financial year. Its EBITDA too has risen by 24.97 per cent to Rs 212 crore in Q4FY16 on a yearly basis. RHFL has posted a bottom line of Rs 42.22 crore in Q4FY16 on a yearly basis with a growth of 21.29 per cent. However, the company’s PAT margin has contracted by 60 basis points to 17.59 per cent in Q4FY16 as compared to same period in previous fiscal year.

On a yearly basis, RHFL’s consolidated revenue increased by 19.82 per cent to Rs 5852 crore in FY16 as compared to previous financial year. The company’s EBITDA has risen by 20.41 per cent to Rs 1510 crore in FY16 on a yearly basis. Its EBITDA margin has expanded marginally by 13 basis points to 25.8 per cent in FY16 as compared to previous fiscal year. RHFL’s net profit also has increased by 5.04 per cent to Rs 1027 crore in FY16 on a yearly basis. The company’s net profit margin has contracted by 247 basis points to 17.55 per cent in FY16 as compared to previous financial year.

On asset quality front, RHFL’s gross non-performing assets (npa) stand at 1.31 per cent amounting to Rs 1009 crore in FY16 against 1.32 per cent amounting to Rs 791 crore in FY15. The company’s net npa stands at 0.48 per cent amounting to Rs 368 crore in FY16, while at 0.5 per cent amounting to Rs 298 crore in FY15.

The share price of RHFL increased by 0.67 per cent on bourses in early trades; and is trading at Rs 628 on an intraday basis.

RHFL provides long term loan financing for residential purposes. The company has presence in 11 states and 1 Union Territory with 115 branches and 35 satellite centres. It has presence beyond the South, such as branches in West Bengal, Orissa, Maharashtra, Gujarat, Madhya Pradesh and Jharkhand.