Can Fin Homes Reports 5.99% Net Profit Growth in Q3 FY25
Can Fin Homes (CFHL) has reported a 5.99% increase in its net consolidated profit for the quarter ended December 31, 2024. The company’s profit after tax stood at Rs 212.12 crore, up from Rs 200.13 crore in the same quarter of the previous fiscal. The com
Can Fin HomesNet ProfitHousing FinanceQ3 Fy25Financial PerformanceReal Estate NewsJan 20, 2025
The company’s profit after tax (PAT) was Rs 212.12 crore, up from Rs 200.13 crore in the corresponding quarter of the previous fiscal year, as per the company's BSE filing.
The company's net total income from operations in Q3 FY25 stood at Rs 986.14 crore, representing a 9.34% increase from Rs 901.92 crore in the same period last year.
The board of directors announced an interim dividend of Rs 6 per share for equity shares with a face value of Rs 2 each.
As of December 31, 2024, the company's net worth was Rs 4,343.85 crore.
The debt-equity ratio was 7.08, and the total debts to total assets ratio was 0.86.
The net profit margin was 21.64%, while the gross non-performing assets (NPA) stood at 0.92%, and the net NPA was 0.50%.
The capital risk adequacy ratio (CRAR) was 24.67%.
The loan portfolio of Can Fin Homes grew by 9% to Rs 37,155 crore from Rs 34,053 crore in the previous corresponding period.
Approximately 77% of the loan book is made up of housing loans, and 23% consists of non-housing loans, including commercial real estate (CRE).
Loan disbursements in Q3 FY25 were Rs 1,879 crore, the same as in Q3 FY24, showing a flat performance.
However, disbursements during the quarter saw a negative growth of -21% sequentially over the disbursements in Q2 FY25.
This decrease was primarily due to registration issues in Karnataka following the introduction of e-khata requirements.
Can Fin Homes has provisioned Rs 443 crore in total, including Rs 34 crore as management overlay and Rs 48 crore for restructured accounts.
The liquidity coverage ratio (LCR) as of December 31, 2024, was 167.17%, significantly higher than the stipulated ratio of 85%.
Can Fin Homes is a leading housing finance company in India, known for its robust financial performance and strong market presence.
The company continues to focus on expanding its loan portfolio and maintaining a healthy liquidity position to meet the evolving needs of its customers.
Frequently Asked Questions
What was Can Fin Homes' net profit in Q3 FY25?
Can Fin Homes reported a net profit of Rs 212.12 crore in Q3 FY25, up 5.99% from Rs 200.13 crore in the same quarter of the previous fiscal.
What was the growth in net total income from operations?
The net total income from operations grew by 9.34% to Rs 986.14 crore in Q3 FY25 from Rs 901.92 crore in the same quarter last year.
What is the breakdown of Can Fin Homes' loan portfolio?
As of December 31, 2024, the loan portfolio stood at Rs 37,155 crore, with 77% of the loan book consisting of housing loans and 23% of non-housing loans, including commercial real estate (CRE).
What issues affected loan disbursements in Q3 FY25?
Loan disbursements saw a negative growth of -21% sequentially over Q2 FY25, primarily due to registration issues in Karnataka following the introduction of e-khata requirements.
What is Can Fin Homes' liquidity coverage ratio as of December 31, 2024?
The liquidity coverage ratio (LCR) as of December 31, 2024, was 167.17%, which is significantly higher than the stipulated ratio of 85%.
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