Latest news with #CanFinHomesLtd
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Business Standard
05-05-2025
- Business
- Business Standard
Can Fin Homes targets 20% disbursement growth in FY26 on rate relief
Can Fin Homes Ltd plans to grow disbursements by 20 per cent year-on-year (YoY) in the current financial year (FY26), up from five per cent in FY25, on the back of softening interest rates and improved business conditions in Karnataka and Telangana. It disbursed loans worth ₹8,568 crore in FY25, compared to ₹8,178 crore in FY24. Suresh Iyer, Managing Director and Chief Executive, Can Fin Homes, told Business Standard, 'The housing sector is looking up. The lower policy rates mean lower equated monthly instalments (EMIs), and that is definitely a positive.' Internally, the company is targeting 20 per cent disbursement growth, which should result in 13–15 per cent growth in assets under management (AUM) in FY26. Its outstanding loan assets grew by 9 per cent YoY to ₹38,217 crore as of end-March 2025. The housing finance company faced challenges in two of its major markets — Karnataka and Telangana — in FY25. Business in Karnataka was affected by delays in the registration of property sale transactions. The issue with e-Khata, a digitised version of certificates providing property owners with a secure online platform, has since been resolved. In Telangana, where the issue was more sentiment-driven and the base was already lower, Iyer said, 'While we may not go back to the old numbers, there will definitely be growth.' Referring to the easing interest rate cycle, Iyer said liquidity is ample and the Reserve Bank of India has already cut the policy repo rate by 50 basis points. Another 50-basis-point cut is anticipated. Once the company sees a reduction in its cost of funds, it expects to pass on 35–50 basis points of benefit to customers, subject to market conditions. On the liabilities side, the company sources 55 per cent of its funds from the banking sector and another seven per cent through commercial papers. 'So whenever rates come down, over 60 per cent of our liabilities get repriced, creating room for passing on benefits,' Iyer added.
Business Upturn
24-04-2025
- Business
- Business Upturn
Stock Market Update: Why are Can Fin Homes shares falling over 3% today
By Aditya Bhagchandani Published on April 24, 2025, 09:47 IST Shares of Can Fin Homes Ltd. fell over 3% to Rs 735.10 in early trade on April 24 despite reporting a steady financial performance for Q4 FY25. The decline surprised investors, especially after Morgan Stanley maintained an overweight rating on the stock with a target price of Rs 800, following stronger-than-expected profit figures. Q4 FY25 financials beat estimates, but stock dips Can Fin Homes reported a 12% year-on-year rise in net profit to Rs 234 crore, up from Rs 209 crore in Q4 FY24. Sequentially, profit grew by 10%. Pre-provision operating profit (PPOP) rose 8% YoY to Rs 295 crore, 1% above estimates, while net interest income (NII) climbed 6.4% YoY to Rs 349 crore. Disbursements stood at Rs 2,455 crore, up 31% QoQ and 6% YoY, in line with guidance. However, despite the beat, the market appears to be reacting cautiously to management commentary on FY26 loan growth, which Morgan Stanley flagged as a key factor to monitor. Asset quality remains stable, dividend announced The company reported improvement in asset quality. Gross NPA ratio declined to 0.87% from 0.92% in Q3, while net NPA ratio (excluding management overlay) improved to 0.46% from 0.50%. The Board declared a final dividend of Rs 6 per share, adding to the interim dividend of Rs 6, totaling Rs 12 for FY25 on a face value of Rs 2. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
