REPCO HOME FI­NANCE

Dalal Street Investment Journal - - REVIEWS -

We had rec­om­mended Repco Home Fi­nance in is­sue no. 8 dated Mar 20- Apr 2, 2017, when the scrip was trad­ing at ₹633. Our rec­om­men­da­tion was on the back of com­pany’s strong fi­nan­cial per­for­mance across all seg­ments and also the man­age­ment’s strate­gic plans to ex­pand busi­ness op­er­a­tions in dif­fer­ent ge­ogra­phies in the next five years.

Repco Home Fi­nance Ltd (RHFL) is a Chen­nai-head­quar­tered hous­ing fi­nance com­pany ncor­po­rated in April 2000. RHFL has its pres­ence in two seg­ments,namely,in­di­vid­ual home loans and loans against prop­erty. The com­pany pro­vides wide range of home loan prod­ucts to both salaried and non­salaried in­di­vid­ual bor­row­ers. It is reg­is­tered with the Na­tional Hous­ing Bank (NHB) as a hous­ing fi­nance com­pany. The com­pany has 31 satel­lite cen­tres in Tamil Nadu, Andhra Pradesh, Jhark­hand, Ker­ala, Kar­nataka, Ma­ha­rash­tra,mp, Odisha, West Ben­gal and Puducherry.

On the fi­nan­cial front, RHFL’S rev­enue in­creased 13.96 per cent to ₹273.53 crore for Q4FY17, as com­pared to Q4FY16. The com­pany’s PBDT also in­creased 20.32 per cent at ₹79.69 crore, as against ₹66.23 crore in Q4FY16. Its PAT too in­creased 19.82 per cent from ₹42.22 crore to ₹50.59 crore in the fourth quar­ter of FY17.

On an an­nual ba­sis, RHFL’S net in­come from op­er­a­tions stood at ₹1,014.07 crore, an in­crease of 19 per cent in FY17 as com­pared to ₹852.13 crore in FY16. The com­pany’s PBDT in­creased 21.13 per cent to ₹283.73 crore in FY17 as com­pared to the pre­vi­ous year. The com­pany’s PAT also grew by 21.44 per cent to ₹182.25 crore in fi­nan­cial year ended March 2017 as com­pared to ₹150.08 crore in the pre­vi­ous year.

Af­ter our rec­om­men­da­tion, the share price of Repco Home Fi­nance has in­creased by over 9 per cent. We would ad­vise our reader-in­vestors to Book Profit on the counter.

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