Latest news with #Repco
Economic Times
16-05-2025
- Business
- Economic Times
Repco Home Finance Q4 profit rises 6% as asset quality improves
Repco Home Finance reported a 6% year-on-year rise in fourth quarter net profit at Rs 115 crore as compared with Rs 108 crore in the year ago period while its asset quality improved. ADVERTISEMENT The lender's total income rose 10% at Rs 435 crore against R. 397 crore while net interest income stood at Rs 180 crore growing merely 5%. Repco's loan book stood at Rs 14,492 crore at the end of March, up 7% year-on-year with home loans accounting for about three-fourth of the portfolio. The company offers loans only to retail borrowers. Its gross non-performing assets Ratio fell to 3.3% at the end of March from 4.1% a year back. Net NPA stood at 1.3% against 1.5%.The company has carried provisions for expected credit losses to the tuneof Rs 433 crore, which is 3% of total loan assets. ADVERTISEMENT Its annual net profit for FY25 stood at Rs 439 crore, registering an 11% rise over Rs 395 crore seen in the preceding fiscal. (You can now subscribe to our ETMarkets WhatsApp channel)
Scoop
06-05-2025
- Automotive
- Scoop
Townshend A Favourite For Toyota 86 Trophy Series Wins
The Toyota regular, who scored his first podium finish in last season's Bridgestone GR86 Championship, will run all four rounds of the Trophy Series in his older TR86 car in which he competed for two seasons in Toyota's main championship before it switched to the GR86 model. Having competed in the GR86 Championship, he is ineligible for the Trophy Series title but can win races, score podiums and win the Winter Series class for more experienced racers. Circuit knowledge, car knowledge and most importantly knowledge of the new Bridgestone tyre guarantees that Harry has a strong set of cards heading into round one at Hampton Downs this weekend. 'I'm definitely looking for podium finishes even though the main reason for racing is that we have a great time as a team,' he explained. 'It's always good to keep developing your driving skills, which for me have come a long way in the past couple of seasons. 'Last season was a breakthrough one for myself and the team getting a podium result and being consistently fast in the races. 'I can improve further in qualifying and that will be something I will focus on at these race weekends, particularly in regard to learning how to get the most out of the strong Bridgestone tyre at exactly the right moment. Harry's winter campaign will be backed by loyal supporters Bayswater Vehicles, Repco, and Provident Insurance. 2025 Toyota 86 Trophy Series Rd1 9-10 May 2025 Hampton Downs - NZIGP Finale Rd2 21-22 June 2025 Taupo Int. Motorsport Park - Taupo Winter Series Rd3 5-6 July 2025 Manfeild – Circuit Chris Amon - Manfeild Winter Series
