Repco Home Finance eyes Rs 14,000 cr AUM this FY: MD & CEO

economictimes.indiatimes.com:

Repco Home Finance expects to manage assets under management (AUM) of around Rs 14,000 crore by the current financial year, a top official said. The Tamil Nadu-based company was managing AUM of around Rs 12,400 crore at the beginning of the year, Managing Director and CEO K Swaminathan said. «As regards AUM, I think we were around Rs 12,400 crore at the beginning of the year. We plan to reach somewhere around Rs 14,000 crore by the current year-end. That is our plan of action. When the momentum happens, especially the second and third quarters are normally the peak quarters for the company,» Swaminathan said at the Q1 FY24 earnings conference call recently. During the second and third quarters, Swaminathan said, «I expect the book growth will also be more than the 9 per cent growth that we did in the first quarter.» «Definitely, I think we will be able to reach the number of around Rs 14,000 crore. That is our plan of action for the year-end» he said.

Muthoot Finance tanks 8% post Q1 earnings. Should you buy the stock?

IREDA reports all-time high Q1 net profit of Rs 295 cr; loan book grows to Rs 47,207 crore

Expect sales to bounce back to normal levels in Q2: Elgi Equipments Ltd

Commenting on the April-June 2023 quarter performance, he said the company was able to achieve a disbursement of Rs 684 crore against Rs 642 crore disbursed during the same period of last year up 7 per cent. «Our AUM stands at Rs 12,655 crore, increased by around 2 per cent quarter-on-quarter from the previous quarter of Rs 12,449 crore,» he said. Swaminathan said the company was also looking at disbursing Rs 3,600 crore during the current year and