Can Fin Homes Q3 net up 6% at Rs 212 crore
Mortgage lender Can Fin Homes on Saturday reported a 6% year-on-year rise in net profit at ₹212 crore for the quarter ending December 2024. The lender had posted a net profit of ₹200 crore in the year-ago period.
Net interest margin contracted to 3.72% against 3.92% over the same period. Total income from operations stood at ₹986 crore for the quarter, up 9.3% YoY from ₹902 crore earlier.
Interest income was at ₹980 crore, representing a growth of 9.5% year-on-year compared with ₹895 crore.
Loan portfolio as at December 2024 stood at ₹37,155 crore against ₹34,053 crore in the year-ago period, recording an increase of 9%. Housing loans constituted 77% of the loan book.
Gross non-performing assets ratio stood at 0.92%, while the net NPA was at 0.5%. The provision coverage ratio was at 45.21% at the end of December last year.
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