Repco Home Finance Limited (RHFL)
Repco Home Finance Limited (RHFL) is a leading housing finance company in India. The company specializes in providing loans for the construction and purchase of residential and commercial properties, including repairs, renovations, and loans against properties. RHFL offers a broad range of individual home loans and loans against property, catering to the diverse needs of homebuyers and property owners. With attractive interest rates, RHFL aims to facilitate homeownership and property-related financial solutions for its customers.
RHFL’s headquarters are located in Chennai, Tamil Nadu, India. As of the latest available data, RHFL continues to be a prominent player in the Indian housing finance sector.
1. Net NPA Reduction Over Quarters
In Q4 FY24, RHFL reported a net consolidated total income of ₹397.19 crore, reflecting a robust growth of 15.55% compared to the same quarter last year. Here are further insights into the net NPA reduction:
Gross Non-Performing Assets (GNPA) declined to ₹552 crore as of March 31, 2024, indicating a gradual improvement from previous quarters.
Net NPA decreased to ₹192 crore in Q4 FY24, demonstrating the company’s commitment to enhancing asset quality.
2. Comparison with Peers (HUDCO)
RHFL’s stock price has outperformed HUDCO and other peers:
RHFL’s PE ratio stands at 8.74 as of July 5, 2024, while HUDCO’s price is 31.15.
RHFL’s market capitalization is ₹3,560 crore, significantly lower than HUDCO’s ₹65,662 crore.
3. Technical Chart Analysis
RHFL’s technical chart indicates a bullish trend in the short, mid-term, and long term.
Resistance levels: ₹570
Support levels: ₹515
Good around ₹515-540 dips
Remember to consider market conditions and conduct further research before making investment decisions.
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