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

The Board of Can Fin Homes Limited has reported a net profit of ₹212 crores for the quarter ended December 31, 2024, reflecting a 6% increase from ₹200 crores in the same period last year. The loan portfolio grew by 9% to ₹37,155 crores, with housing loans constituting 77% of the total. Profit before tax rose 5% to ₹269 crores, while profit after tax improved, despite a slight decrease in the ROA to 2.25% and ROE to 17.55%. Loan disbursements remained flat at ₹1,879 crores year-on-year but fell 21% sequentially due to regulatory changes affecting registration in Karnataka. The company has provisions for expected credit losses totaling ₹443 crores and maintains a healthy liquidity coverage ratio of 167.17%, significantly surpassing the minimum requirement. Can Fin Homes is also offering competitive interest rates on fixed deposits to enhance its deposit portfolio. Overall, the financial performance indicates stability and the potential for future growth, making it a company to watch closely.