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Can Fin Homes has continued to post 6% growth in the net profit to Rs 212.12 crore for the quarter ended December 2024 (Q3FY2025). Interest income increased 9% to Rs 986.11 crore, while interest expenses rose at higher pace of 12% to Rs 635.59 crore. NII of the company rose 5% to Rs 350.52 crore in Q3FY2025. Operating expenses increased 21% to Rs 55.96 crore, allowing the operating profit to rise marginally by 2% to Rs 294.60 crore. Depreciation moved up 8% to Rs 3.33 crore, while loan loss provisions declined 28% to Rs 22.13 crore in Q3FY2025. PBT rose 5% to Rs 269.12 crore. Effective tax rate eased to 21.2% in Q3FY2025 from 21.7% in Q3FY2024. The final bottomline of the company increased 6% growth in the net profit to Rs 212.12 in Q3FY2025. Book value of the company stood at Rs 369.0 per share at end December 2024, while adjusted book value net of net NPA stood at Rs 355.0 per share at end December 2024. Business highlights''''''''''''''''''''''''''''''''''' The loan book of the company increased at moderate pace of 9% yoy and 2% qoq to Rs 37293 crore end December 2024. About 71% of the outstanding loan book is from Salaried Professionals. Further 87% of loan book is home loans. The disbursement of the company were flat yoy to Rs 1879 crore, while sanctions rose 1% to Rs 2075 crore in Q3FY2025. The net interest margin of the company eased marginally on sequential basis to 3.73% in Q3FY2025 from 3.75% in Q2FY2025, while it declined from 3.92% in Q3FY2024. The yield on advances rose to 10.19% from 10.12% in Q2FY2025 and moved up from 9.91% in Q3FY2024. The cost of funds eased on sequential basis at 7.51% in Q3FY2025. Gross NPA ratio of the company rose slightly to 0.92% and net NPA ratio was at 0.50% end December 2024 compared with 0.88% and 0.47% end September 2024, while remain steady from 0.91% and 0.49% end December 2023. Financial Performance 9MFY2025: Can Fin Homes has continued to post robust 15% growth in the net profit to Rs 623.25 crore for the nine months ended December 2024 (9MFY2025). Interest income increased 11% to Rs 2879.68 crore, while interest expenses rose 13% to Rs 1853.82 crore. NII of the company increased 8% to Rs 1025.86 crore in 9MFY2025. Operating expenses declined 10% to Rs 158.74 crore, allowing the operating profit to jump 12% to Rs 867.41 crore. Depreciation moved up 2% to Rs 8.75 crore, while loan loss provisions declined 22% to Rs 60.35 crore in 9MFY2025. PBT increased 16% to Rs 798.32 crore. Effective tax rate rose to 21.9% in 9MFY2025 from 21.2% in 9MFY2024. The final bottomline of the company increased 15% to Rs 623.25 in 9MFY2025. | Can Fin Homes: Results | | ' | 2412 (3) | 2312 (3) | Var % | 2412 (9) | 2312 (9) | Var % | 2403 (12) | 2303 (12) | Var % | | Interest Inc. | 986.11 | 901.24 | 9 | 2879.68 | 2596.23 | 11 | 3523.06 | 2742.00 | 28 | | Interest Exp. | 635.59 | 566.02 | 12 | 1853.82 | 1647.46 | 13 | 2231.39 | 1700.86 | 31 | | Net Interest Inc. | 350.52 | 335.22 | 5 | 1025.86 | 948.77 | 8 | 1291.67 | 1041.14 | 24 | | Other inc. | 0.03 | 0.69 | -96 | 0.29 | 0.83 | -65 | 1.64 | 1.13 | 45 | | Total inc. | 350.55 | 335.91 | 4 | 1026.15 | 949.60 | 8 | 1293.31 | 1042.27 | 24 | | Op. Exp. | 55.96 | 46.33 | 21 | 158.74 | 176.44 | -10 | 244.25 | 164.02 | 49 | | OP | 294.60 | 289.58 | 2 | 867.41 | 773.15 | 12 | 1049.05 | 878.25 | 19 | | Woff/Prov. of B/D | 22.13 | 30.81 | -28 | 60.35 | 77.02 | -22 | 78.81 | 41.76 | 89 | | Dep. | 3.33 | 3.09 | 8 | 8.75 | 8.55 | 2 | 12.71 | 12.46 | 2 | | PBT | 269.12 | 255.69 | 5 | 798.32 | 687.58 | 16 | 957.53 | 824.03 | 16 | | Total Tax | 57.00 | 55.55 | 3 | 175.06 | 145.91 | 20 | 206.84 | 202.82 | 2 | | PAT | 212.12 | 200.14 | 6 | 623.25 | 541.67 | 15 | 750.70 | 621.21 | 21 | | EPS*(Rs) | 63.7 | 60.1 | ' | 62.4 | 54.2 | ' | 56.4 | 46.7 | ' | | Adj BV(Rs) | 355.0 | 300.0 | ' | 355.0 | 300.0 | ' | 315.2 | 263.0 | ' | | * On current equity of Rs 26.63 crore. Face Value: Rs 2 | | Figures in Rs crore, | | Source: Capitaline Corporate Database | '
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