Total income for the quarter stood at Rs 397 crore against Rs 344 crore while net interest income was 11% higher at Rs 172 crore against Rs 155 crore.
The net interest margin for the quarter remained unchanged at 5.1% as compared to the year-ago period.
Loan disbursements during the quarter was 7% higher at Rs 895 crore against Rs 835 crore. Total loans portfolio grew 8.5% year-on-year to Rs 13513 crore at the end of March from Rs 12449 crore a year back.
Its asset quality improved with gross non-performing assets ratio falling to 4.1% at the end of the reporting cycle from 5.8% as of March 31,2023.The mortgage lender proposed to pay a dividend of Rs 3 per equity share of face value of Rs 10 each to the shareholders for FY24.Repco’s share price rose 0.65% to Rs 481.10 on BSE while the Sensex settled 0.45% higher at 73,104.61. The company announced its quarterly numbers after the market hours.The board of the company has approved an enabling provision to raise up to Rs 1000 crore by issuing non-convertible debentures and another Rs 1000 crore by selling commercial papers on private placement basis.
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