Earnings Review
Rise in interest income lifts Can Fin Homes PAT by 12% YoY
This story was originally published at 23:09 IST on 19 July 2025
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--Can Fin Homes Apr-Jun net profit INR 2.24 bln
--Can Fin Homes Apr-Jun net profit INR 2.24 bln vs INR 2.00 bln year ago
--Can Fin Homes Apr-Jun total income INR 10.20 bln vs INR 9.31 bln year ago
By Gowri Lakshmi
MUMBAI – Rising interest income lifted Can Fin Homes Ltd.'s bottom line for the June quarter by 12% on year. The financier's net profit after tax for the quarter stood at INR 2.24 billion. A year ago, it had reported a net profit of INR 2.00 billion. However, the profit was down 4% sequentially.
The company's interest income rose to INR 10.1 billion, up more than 9% from INR 9.24 billion a year ago. Sequentially, the interest income rose only 2.9%. The company's total income was INR 10.20 billion.
The home financier's total expenses for Apr-Jun rose to INR 7.43 billion, up 9.9% on year. Its employee benefit expense rose nearly 75% on year to INR 416.70 million, but the fees and commission expense fell over 90% on year to INR 4.70 million. Other expenses rose 42% on year to INR 226.00 million. Provisions for expected credit loss and write-offs were INR 262.52 million, up 7.3% on year. Sequentially, the provisions surged 70%.
The financier's gross non-performing assets ratio as of Jun. 30 was 0.98% and the net non-performing assets ratio stood at 0.54%. The company's net profit margin was 21.94%. The capital risk adequacy ratio was 25.43% as of Jun. 30.
The provision coverage ratio of the financier was 45.15% as of Jun. 30. The Can Fin Homes board also approved the appointment of Hardeep Singh Ahluwalia as an additional director in the category of non-executive, non-independent director as a representative of the company's promoter, Canara Bank. Shares of Can Fin Homes had ended slightly lower at INR 817 Friday on the National Stock Exchange. End
Edited by Rajeev Pai
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