*Repco Home Finance Ltd. -S* | *CMP* Rs. 126 | *M Cap* Rs. 788 Cr | *52 W H/L* 399/90
(Nirmal Bang Retail Research)
*Q4FY20*
*Result is below expectations*
NII came at Rs. 131.7 Cr vs expectation of Rs. 124.1 Cr, YoY Rs. 116.4 Cr, QoQ Rs. 131.2 Cr
PBP came at Rs. 101.5 Cr vs expectation of Rs. 105.1 Cr, YoY Rs. 89 Cr, QoQ Rs. 104.8 Cr
Provision came at Rs. 40.3 Cr vs expectation of Rs. 7.2 Cr, YoY Rs. -2.4 Cr, QoQ Rs. 11.5 Cr
Of the above, Covid provisions are Rs. 39.3 Cr
PAT came at Rs. 39.9 Cr vs expectation of Rs. 66.6 Cr, YoY Rs. 51.5 Cr, QoQ Rs. 69.7 Cr
Loan Book came at Rs. 11826 Cr vs YoY Rs. 11036.8 Cr, QoQ Rs. 11624.9 Cr
Loan Sanctioned came at Rs. 632 Cr vs YoY Rs. 972.8 Cr, QoQ Rs. 733.1 Cr
Disbursement came at Rs. 602 Cr vs YoY Rs. 878.1 Cr, QoQ Rs. 655.7 Cr
Gross NPA came at Rs. 511.7 Cr vs QoQ Rs. 489.6 Cr at 4.3% vs QoQ 4.2%
Quarter EPS is Rs. 6.4
Share is trading at P/E of 2.7x FY 20E EPS & 0.4x trailing P/BV
#Moratorium loans are not disclosed