Housing Finance company Can Fin Homes announced Q4FY24 & FY24 results: Financial Highlights: Profit After Tax (PAT): For the fiscal year ended March 31, 2024, PAT increased to Rs 751 crore, reflecting a 21% growth compared to the previous year's Rs 621 crore. Disbursements: The company disbursed Rs 8,177 crore, a decrease by 8% from Rs 8,947 crore in the previous year. Loan Assets: By the end of March 2024, there was an 11% increase in loan assets amounting to Rs 34999 crore, up from Rs 31563 crore. Profit Before Tax (PBT): PBT rose by 16% to Rs 958 crore from Rs 824 crore. Spread: Achieved a spread of 2.67%, an increase from the previous year's 2.31%. Net Interest Margin (NIM): Improved to 3.73% from 3.45%. Return on Assets (ROA): Enhanced to 2.28% compared to 2.17%. Return on Equity (ROE): Modest increase to 17.28% from 17.03%. Debt/Equity (D/E) Ratio: A slight rise to 7.34 from 7.07. Dividend: Proposed a final dividend of Rs 4 per equity share and an interim dividend of Rs 2 per equity share, aggregating to a total of Rs 6 per equity share for the year, marking a 300% dividend. Loan Disbursements: Rs 8,177 crore disbursed during the year with Rs 2,313 crore allocated in the Q4 alone, marking a 23% increase over the Q3 disbursements. Liquidity Position: The liquidity coverage ratio stood at 122%, superseding the stipulated requirement of 70%. Additionally, CFHL has undrawn bank lines amounting to Rs 5,814 crore to support business commitments for the upcoming three months. Deposits: CFHL's deposit portfolio stands at Rs 218 crore, with a concerted effort to grow this through a 7.50% interest rate offering for 36-month cumulative deposits, plus an additional 0.25% for senior citizens. Result PDF