Earnings Review
Rise in operating expense limits Can Fin Homes Jan-Mar PAT
This story was originally published at 21:31 IST on 23 April 2025
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--Can Fin Homes Jan-Mar net profit INR 2.34 bln
--Analysts saw Can Fin Homes Jan-Mar net profit INR 2.17 bln
--Can Fin Homes Jan-Mar net profit INR 2.34 bln vs INR 2.09 bln year ago
--Can Fin Homes Jan-Mar total income INR 10 bln vs INR 9.28 bln year ago
--Can Fin Homes FY25 net profit INR 8.57 bln vs INR 7.51 bln year ago
--Can Fin Homes FY25 total income INR 38.80 bln vs INR 35.25 bln year ago
--Can Fin Homes to pay INR 6 per share final dividend
By Vaishali Tyagi
MUMBAI – Rise in operating expenditure weighed on Can Fin Homes Ltd.'s net profit for the March quarter. However, rise in total income from operations supported the bottom line. The net profit of the housing finance company was INR 2.34 billion, up nearly 12% on year. The company's profit was slightly higher than analysts' expectation of INR 2.17 billion. For 2024-25 (Apr-Mar), the company's net profit was INR 8.6 billion, up 14.2% from the previous year.
Total expenditure, including finance cost, in Jan-Mar was INR 7.20 billion, higher than INR 6.58 billion reported a year ago. Finance costs were at INR 6.34 billion, up 8.6% on year. Total income from operations rose 7.8% on year to INR 9.99 billion. For the nine months ended December, the company's total income was up 10.1% on year at INR 38.79 billion.
The company's loan book rose 9% on year to INR 382.2 billion. The salaried and professional segment constituted 70% of the outstanding loan book as on Mar. 31.
According to brokerages tracking the company, growth in Can Fin Homes' net interest income was expected to remain muted at 6.7% year-on-year and 1.5% quarter-on-quarter, with the absolute number estimated to be INR 3.50 billion. The company's net interest income for the quarter was at par with estimates from brokerage firms at INR 3.5 billion.
The housing financier's net interest margin in Jan-Mar was 3.82%, down 14 basis points on year, with cost of borrowing rising marginally by 4 bps to 7.56%. The non-lender's net non-performing ratio stood at 0.46% in the quarter ended March, up 4 bps on annual basis. However, it declined 4 bps on a sequential basis.
The company's disbursals stood at INR 24.55 billion, up from previous quarter's INR 18.79 billion. The board has recommended a final dividend of INR 6 per share. The company announced its earnings for the quarter ended March post-market hours. On Wednesday, Can Fin Homes shares ended at INR 744.90 on the National Stock Exchange, up 0.7% over Tuesday. End
Edited by Ashish Shirke
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