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Results - Analysis
Steady performance
Can Fin Homes
25-Apr-2025, 07:22
Can Fin Homes has posted 12% growth in the net profit to Rs 233.92 crore for the quarter ended March 2025 (Q4FY2025). Interest income increased 8% to Rs 998.58 crore, while interest expenses moved up 9% to Rs 634.34 crore. NII of the company increased 6% to Rs 364.24 crore in Q4FY2025.
Operating expenses declined 2% to Rs 66.61 crore, allowing the operating profit to increase 8% to Rs 298.70 crore. Depreciation fell 1% to Rs 4.12 crore, while loan loss provisions increased 767% to Rs 15.43 crore in Q4FY2025. PBT rose 3% to Rs 279.15 crore. Effective tax rate declined to 16.2% in Q4FY2025 from 22.6% in Q4FY2024. The final bottomline of the company increased 12% growth in the net profit to Rs 233.92 in Q4FY2025.
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Can Fin Homes has posted 12% growth in the net profit to Rs 233.92 crore for the quarter ended March 2025 (Q4FY2025). Interest income increased 8% to Rs 998.58 crore, while interest expenses moved up 9% to Rs 634.34 crore. NII of the company increased 6% to Rs 364.24 crore in Q4FY2025.
Operating expenses declined 2% to Rs 66.61 crore, allowing the operating profit to increase 8% to Rs 298.70 crore. Depreciation fell 1% to Rs 4.12 crore, while loan loss provisions increased 767% to Rs 15.43 crore in Q4FY2025. PBT rose 3% to Rs 279.15 crore. Effective tax rate declined to 16.2% in Q4FY2025 from 22.6% in Q4FY2024. The final bottomline of the company increased 12% growth in the net profit to Rs 233.92 in Q4FY2025.
Book value of the company stood at Rs 380.6 per share at end March 2025, while adjusted book value net of net NPA stood at Rs 367.5 per share at end March 2025.
Business highlights'''''''''''''''''''''''''''''''''''
The loan book of the company increased at moderate pace of 9% yoy and 3% qoq to Rs 38217 crore end March 2025. About 70% of the outstanding loan book is from Salaried Professionals. Further 86% of loan book is home loans. The disbursements of the company increased 6% yoy to Rs 2455 crore, while sanctions rose 2% to Rs 2650 crore in Q4FY2025. The net interest margin of the company rose on sequential basis to 3.82% in Q4FY2025 from 3.73% in Q3FY2025, while it declined from 3.96% in Q4FY2024. The yield on advances eased to 10.11% from 10.19% in Q3FY2025 and moved up from 9.80% in Q4FY2024. The cost of funds rose on sequential basis at 7.56% in Q4FY2025. Gross NPA ratio of the company eased to 0.87% and net NPA ratio also declined to 0.46% end March 2025 compared with 0.92% and 0.50% end December 2024, while rose from 0.82% and 0.42% end March 2024.Financial Performance FY2025:
Can Fin Homes has recorded 14% growth in the net profit to Rs 857.17 crore for the year ended March 2025 (FY2025). Interest income increased 10% to Rs 3878.26 crore, while interest expenses rose at higher pace of 12% to Rs 2488.16 crore. NII of the company moved up 8% to Rs 1390.10 crore in FY2025. Operating expenses declined 8% to Rs 225.35 crore, allowing the operating profit to jump 11% to Rs 1166.11 crore. Depreciation rose 1% to Rs 12.87 crore, while loan loss provisions declined 3% to Rs 75.78 crore in FY2025. PBT increased 13% to Rs 1077.47 crore. Effective tax rate eased to 20.4% in FY2025 from 21.6% in FY2024. The final bottomline of the company increased 14% growth in the net profit to Rs 857.17 in FY2025. '| Can Fin Homes: Results | ||||||
| ' | 2503 (3) | 2403 (3) | Var % | 2503 (12) | 2403 (12) | Var % |
| Interest Inc. | 998.58 | 926.83 | 8 | 3878.26 | 3523.06 | 10 |
| Interest Exp. | 634.34 | 583.93 | 9 | 2488.16 | 2231.39 | 12 |
| Net Interest Inc. | 364.24 | 342.90 | 6 | 1390.10 | 1291.67 | 8 |
| Other inc. | 1.07 | 0.81 | 32 | 1.36 | 1.64 | -17 |
| Total inc. | 365.31 | 343.71 | 6 | 1391.46 | 1293.31 | 8 |
| Op. Exp. | 66.61 | 67.81 | -2 | 225.35 | 244.87 | -8 |
| OP | 298.70 | 275.90 | 8 | 1166.11 | 1048.43 | 11 |
| Woff/Prov. of B/D | 15.43 | 1.78 | 767 | 75.78 | 78.19 | -3 |
| Dep. | 4.12 | 4.16 | -1 | 12.87 | 12.71 | 1 |
| PBT | 279.15 | 269.95 | 3 | 1077.47 | 957.53 | 13 |
| Total Tax | 45.24 | 60.93 | -26 | 220.31 | 206.84 | 7 |
| PAT | 233.92 | 209.03 | 12 | 857.17 | 750.70 | 14 |
| EPS*(Rs) | 70.3 | 62.8 | ' | 64.4 | 56.4 | ' |
| Adj BV(Rs) | 367.5 | 315.2 | ' | 367.5 | 315.2 | ' |
| * On current equity of Rs 26.63 crore. Face Value: Rs 2 | ||||||
| Figures in Rs crore, | ||||||
| Source: Capitaline Corporate Database | ||||||
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