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Informist, Saturday, Jul. 18, 2026

 

--Can Fin Homes Apr-Jun net profit INR 2.68 bln
--Analysts saw Can Fin Homes Apr-Jun net profit at INR 2.66 bln 
--Can Fin Homes Apr-Jun total income INR 10.96 bln
--Can Fin Homes Apr-Jun net profit INR 2.68 bln vs INR 2.24 bln year ago
--Can Fin Homes Apr-Jun total income INR 10.96 bln vs INR 10.20 bln year ago

 

By Shweta

 

NEW DELHI – Can Fin Homes Ltd.'s net profit for the June quarter recorded growth of nearly 20% on year on a healthy rise in net interest income. The on-year rise in the company's bottom line was the slowest pace of annual growth in three quarters, according to data available with Informist. The net profit was broadly in line with the Street's expectations.

 

The net profit of the housing finance subsidiary of Canara Bank was INR 2.68 billion, up from INR 2.24 billion a year ago. Sequentially, the bottom line fell nearly 23%. However, a tax write-back during the quarter limited the sequential fall in net profit. Analysts had expected Can Fin Homes to report a net profit of INR 2.66 billion.

 

The housing finance company's net interest income rose to INR 4.28 billion in the June quarter, up nearly 18% on year and over 1% sequentially. The net interest income was in line with analysts' estimates that ranged from INR 4.14 billion to INR 4.31 billion.

 

The total income rose over 7% on year and nearly 2% sequentially to INR 10.96 billion in the June quarter, buoyed by similar growth in its revenue from operations. The revenue from operations was INR 10.96 billion.

 

On the business front, the company's loan portfolio was at INR 429.61 billion as on Jun. 30, up 11% from INR 387.73 billion a year ago. Housing loans constituted 83% of the total loan book. Non-housing loans comprised the remaining 17%.

 

The company's total expenses grew 2% on year and nearly 5% on quarter to INR 7.58 billion in the June quarter. In this, finance costs rose nearly 2% on year and 4% on quarter to INR 6.60 billion. The company's employee benefit expense during the quarter rose nearly 17% on year and 4% sequentially to INR 487 million. Other expenses were at INR 304 million, up nearly 35% on year but down over 5% on quarter.

 

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 the Pradhan Mantri Awas Yojna--and 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. Friday, its shares had ended at INR 889.45 on the National Stock Exchange, down nearly 2% from Thursday.  End

 

Edited by Rajeev Pai

 

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