ECONOMY

Can Fin Homes Q4 Review – Pressure On Margins; Disbursements Picking Up: Axis Securities

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Can Fin Homes Ltd. reported profit after tax at Rs 103 crore, up 13% year-on-year and down 22% quarter-on-quarter led by lower net interest margin, as the company ramps up on growth.

Reported net interest margin came off to 3.88% versus 3.97% a quarter ago.

Yields were lower by 29 basis points QoQ to 9.49% as the management’s competitive pricing strategy to push growth gathered pace.

Provisioning was elevated at Rs 8 crore compared to Rs 2 crore QoQ.

Proforma gross non performing assets are less than 1%. Loan growth has picked up 7% YoY and 5% QoQ to Rs 22,105 crore.

Click on the attachment to read the full report:

Axis Securities CanFinHome-Q4FY21-Result Update.pdf

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