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Can Fin Homes Ltd. reported an 18.89% rise in consolidated net profit for Q2 FY26, reaching INR 251.42 crore, supported by a 9.01% increase in total income to INR 1,049.45 crore. The loan portfolio grew by 8% to INR 39,657 crore, with housing loans forming the major portion. Loan disbursements for the half-year rose 7% to INR 4,560 crore. The company maintained strong liquidity with a coverage ratio of 217.24% and provisions of INR 495 crore, while its stock showed limited movement due to investor concerns over sector competition and rising interest costs.
Can Fin Homes Ltd., the Bengaluru-based housing finance company, reported an 18.89% increase in its consolidated net profit for the second quarter of FY26, reaching INR 251.42 crore, up from INR 211.48 crore in the same period last year. The company's total income grew by 9.01% to INR 1,049.45 crore compared to INR 962.69 crore in the corresponding quarter of the previous fiscal, reflecting steady business growth despite ongoing sector challenges. Advertisement
The company's loan portfolio expanded by 8% to INR 39,657 crore, with housing loans constituting 74% and non-housing loans, including commercial real estate, making up 26%. Loan disbursements for the half-year ending September 30 stood at INR 4,560 crore, a 7% increase from INR 4,233 crore in the previous year. The company maintained a total provision of INR 495 crore, including INR 59 crore as management overlay and INR 40 crore for restructured accounts, ensuring strong coverage for potential asset quality risks.
Liquidity remained robust, with a liquidity coverage ratio of 217.24%, significantly above the regulatory requirement of 85%, and the company's deposit portfolio stood at INR 202 crore. Despite these strong fundamentals, the stock has shown limited momentum, trading at INR 801.15 with a market capitalization of INR 10,664 crore. Investor caution appears linked to rising interest rates and competition within the housing finance sector, which could influence future growth.
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