More Stories

Informist, Friday, Jul. 17, 2026

 

By Shweta

 

NEW DELHI – Can Fin Homes Ltd. is expected to post healthy on-year growth in its net profit for the June quarter on the back of higher net interest income, according to brokerages tracking the company. Sequentially, however, the housing finance company is likely to see a significant fall in its bottom line due to higher provisioning in Apr-Jun, as per Motilal Oswal Financial Services Ltd.

 

Can Fin Homes, the housing finance arm of Canara Bank, is expected to report a net profit in the range of INR 2.55 billion-INR 2.75 billion for the June quarter, according to estimates from three brokerages. The highest estimate for the bottom line is from YES Securities (India) Ltd. and the lowest is from Prabhudas Lilladher Pvt. Ltd. For the March quarter, Can Fin Homes had reported a net profit of INR 3.45 billion.

 

The housing finance company's loan book is likely to grow 11% year-on-year during the quarter, Motilal Oswal said. "Operating expenses to be higher due to additional IT (information technology) spend on new LOS (Loan Origination System)/LMS (Loan Management System) and new branch additions," the brokerage said.

 

Can Fin Homes' net interest income is likely to be in the range of INR 4.14 billion to INR 4.31 billion for the June quarter, according to the estimates. The highest estimate for net interest income is from YES Securities (India) Ltd. and Motilal Oswal, and the lowest is from Prabhudas Lilladher. The company's net interest income was INR 4.22 billion for the trailing quarter.

 

Prabhudas Lilladher expects housing finance companies, including Can Fin Homes, to see strong disbursement growth in April and May. Strong disbursement momentum was seen across branches in Karnataka after the resolution of issues with the property registration software 'e-Khata', the brokerage said.

 

The net interest margin is seen at 3.7% for the June quarter, according to Prabhudas Lilladher. The company's net interest margin was 4.19% for the March quarter.

 

The company's assets under management are estimated to grow 2.1-2.6% on quarter, according to YES Securities and Prabhudas Lilladher. The housing financier's cost-to-income ratio is likely to be around 18% for the June quarter, analysts at Prabhudas Lilladher estimate.

 

Can Fin Homes is a deposit-taking housing finance company, specialising in housing loan products such as home loans, affordable home loans--often aligned with government schemes such as Pradhan Mantri Awas Yojna, composite loans for plot purchase, and construction. The company also offers non-housing financial products such as loans against property, loans for commercial premises, and site loans.

 

Can Fin Homes will report its earnings for the June quarter on Saturday. Its commentary on loan growth and outlook on net interest margin in a declining rate environment will be monitored by the Street. At 1300 IST, shares of the company were at INR 890.10 apiece on the National Stock Exchange, down 1.6% from Thursday. The stock is down almost 2% since the company announced its March quarter earnings on Apr. 24.

 

Of the six brokerage reports on the company available with Informist, five have a "buy" recommendation on the stock with an average target price of INR 1,082. This is over 21% higher than the current trading price. One brokerage has a "hold" call on the stock.

 

Following are the June quarter earnings estimates for Can Fin Homes from three brokerages, in descending order of the estimate of net profit, in INR billion:

 

Brokerage	Net interest income	Net profit
YES Securities (India) Ltd.	4.31	2.75
Motilal Oswal Financial Services Ltd.	4.31	2.64
Prabhudas Lilladher Pvt. Ltd.	4.14	2.55
Average	4.25	2.65

 

End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Shubhayan Bhattacharya

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (11) 4220-1000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.