Housing Finance company Can Fin Homes announced Q2FY25 results The Net profit in the second quarter of the current fiscal is Rs 211 crore, compared to Rs 158 crore in the corresponding previous period, recording an increase by 34 %. The Q2FY25 profit has recorded a growth of 6 % subsequently over the profit in Q1FY25. The loan portfolio as at Q2FY25, stood at Rs 36,591 crore as against Rs 33,359 crore in the corresponding previous period, witnessing an increase of 10%. 77% of the Loan book comprises of Housing Loan and 23% is made up of Non-Housing Loans (including CRE). Loan disbursements registered during Q2FY25 is Rs 2,381 crore as against Rs 2,019 crore in Q2FY24 registering a growth of 18%. Disbursements have clocked a 28% growth sequentially over the disbursements in Q1FY25. As per the requirement of Ind AS 109, provision on advances are to be carried in the Books of account on the basis of ECL. Accordingly, CFHL is required to carry provisions of Rs 339 crore towards expected credit losses on the Loan Assets of Rs 36,591 crore. Result PDF
Conference Call with Can Fin Homes Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Housing Finance company Can Fin Homes announced Q1FY25 results: Loan Portfolio: The loan portfolio as at June 2024, amounted to Rs 35,557 crore as against Rs 32,505 crore in the corresponding previous period – an increase of 9%. 78% of the Loan book are Housing Loan and 22% are Non-Housing Loans (including CRE). Loan disbursements during Q1FY25 is Rs 1,853 crore as against Rs 1,966 crore in Q1FY24. The Liquidity Coverage Ratio as of June 30,2024 stood at 110% as against the stipulated Ratio of 70%. The documented undrawn Bank lines stood at Rs 6,044 crore as of June 30,2024, which, along with internal accruals will take care of business commitments for next 3 months. CFHL’s deposit portfolio stood at Rs 199 crore. To augment the deposit portfolio, CFHL is offering 8.00% rate of interest for 36 months Cumulative deposits. Senior citizens will earn 0.25% additional interest. CFHL’s Fixed Deposit programme is rated “AAA+” by ICRA with a Stable outlook. Result PDF