Can Fin Homes Q2 Results | Net profit surges 39% to ₹212 crore, NII up 7% to ₹340 crore
In the corresponding quarter of the previous fiscal, Can Fin Homes posted a net profit of ₹158.1 crore, the company said in a regulatory filing.
Net interest income (NII), which is the difference between the interest income a bank earns from its lending activities and the interest it pays to depositors, increased 7.3%, coming at ₹339.8 crore against ₹316.8 crore in the corresponding quarter of FY24.
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The gross non-performing asset (GNPA) stood at 0.88% in the September quarter against 0.91% in the June quarter. Net NPA came at 0.47% against 0.49% quarter-on-quarter.
As of September 2024, Can Fin Homes’ loan portfolio stood at ₹36,591 crore, reflecting a 10% increase from ₹33,359 crore in the same period last year. Housing loans accounted for 77% of the loan book, while non-housing loans, including commercial real estate (CRE), made up the remaining 23%.
Loan disbursements in Q2 FY25 reached ₹2,381 crore, a growth of 18% from ₹2,019 crore in Q2 FY24, and marked a sequential growth of 28% over Q1 FY25 disbursements.
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The company has maintained sufficient liquidity, with a Liquidity Coverage Ratio of 166.06%, well above the required 70%, and documented undrawn bank lines of ₹5,440.77 crore as of September 30, 2024.
The results came after the close of the market hours. Shares of Can Fin Homes Ltd ended at ₹836.25, down by ₹24.50, or 2.85% on the BSE.
