Can Fin Homes Limited — Updates, 18-01-2025: Press Release

Net profit for Can Fin Homes Limited in Q3 FY25 reached ₹212 crores, marking a 6% increase from ₹200 crores in Q3 FY24. The total loan assets grew by 9%, reaching ₹37,155 crores, primarily driven by housing loans, which make up 77% of the portfolio. However, loan disbursements remained flat at ₹1,879 crores, reflecting a 21% sequential decline due to registration issues in Karnataka following new E-khata requirements.

The company maintained a strong liquidity position, with a Liquidity Coverage Ratio of 167.17%, well above the required 85%. Total provisions for expected credit losses stand at ₹443 crores, including management overlays. To enhance its deposit portfolio, Can Fin Homes is offering an attractive 8.00% interest rate on 36-month cumulative deposits, with an additional 0.25% for senior citizens. The firm's robust presence, with 219 branches across India, contributes to its stability and growth potential. Investors should watch closely as operational efficiencies and regulatory changes may influence future performance.