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Can Fin Homes (CFHL) achieved a 5.99% rise in its consolidated net profit for Q3 FY25, reaching INR 212.12 crore compared to INR 200.13 crore in the same quarter last fiscal. The company's total operational income grew by 9.34% to INR 986.14 crore. Its loan portfolio expanded by 9% to INR 37,155 crore, with 77% allocated to housing loans. However, disbursements saw a sequential dip due to registration issues in Karnataka linked to the e-khata system. The board declared an interim dividend of INR 6 per share. Key financial indicators, including a robust CRAR of 24.67% and a low gross NPA of 0.92%, reflect the company's strong financial health.
Can Fin Homes (CFHL) reported a 5.99% increase in consolidated net profit for the quarter ending December 31, 2024. The company announced in a filing with the Bombay Stock Exchange (BSE) that its profit after tax stood at INR 212.12 crore, up from INR 200.13 crore recorded during the same period last year. Advertisement
The company's total income from operations also showed growth, reaching INR 986.14 crore, a 9.34% rise compared to INR 901.92 crore in the corresponding quarter of the previous fiscal. CFHL's board declared an interim dividend of INR 6 per equity share, each with a face value of INR 2.
As of December 31, 2024, the company's net worth stood at INR 4,343.85 crore. Financial ratios reflected stability, with a debt-equity ratio of 7.08, a total debts-to-assets ratio of 0.86, and a net profit margin of 21.64%. Additionally, gross non-performing assets (NPA) were reported at 0.92%, and net NPA stood at 0.50%. The capital risk adequacy ratio (CRAR) was a strong 24.67%.
The loan portfolio grew by 9% year-on-year to INR 37,155 crore, of which 77% comprised housing loans, and 23% consisted of non-housing loans, including commercial real estate (CRE). Loan disbursements during Q3 FY25 amounted to INR 1,879 crore, reflecting flat growth compared to Q3 FY24. However, there was a sequential decline of 21% from the previous quarter due to issues related to registration requirements in Karnataka following the introduction of the e-khata system.
The company maintained a liquidity coverage ratio of 167.17% as of December 31, 2024, significantly exceeding the required minimum of 85%. CFHL also carried provisions totalling INR 443 crore, which included INR 34 crore as management overlay and INR 48 crore allocated to restructured accounts.
Can Fin Homes demonstrated stable financial performance in Q3 FY25, with notable growth in net profit and operational income. While the loan portfolio and income figures showed healthy expansion, disbursement challenges in Karnataka led to a sequential decline. The company's strong CRAR, low NPA levels, and high liquidity coverage ratio highlight its robust financial position. By addressing regional regulatory hurdles and maintaining its operational momentum, CFHL is well-positioned to sustain growth in the housing and non-housing loan segments.
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