Net interest margin was 3.48% as on 30 June 2023 as against 3.60% as on 30 June 2022. Operating profit improved by 15% to Rs 247.60 crore in Q1 FY24 from Rs 215 crore in Q1 FY23.

Provisions for standard assets in the first quarter amounted to Rs 9.04 crore. The company had written back provisions aggregating to Rs 11.66 crore in the same period last year. NPA provisions added up to Rs 4.66 crore (down 42% YoY).

Profit before tax in Q1 FY24 stood at Rs 247.60 crore, up by 13% from Rs 218.69 crore in Q1 FY23.

Gross NPA rose by 14% to Rs 205.18 crore as on 30 June 2023 as against Rs 179.78 crore as on 30 June 2022.

Gross NPA ratio was 0.63% as on 30 June 2023 as compared with 0.65% as on 30 June 2022.

Net NPA ratio was 0.34% as on 30 June 2023 as against 0.30% as on 30 June 2022.

New approvals amounted to Rs 2,071 crore (up 18% YoY) and disbursements aggregated to Rs 1,966 crore (up 14% YoY). Outstanding loan book increased by 18% to Rs 32,505 crore on 30 June 2023 as compared with Rs 27,538 crore on 30 June 2022.

Can Fin Homes is engaged in a housing finance institution approved by National Housing Bank (NHB). The company had a network of 205 offices spread over 21 states and union territories.

The scrip rose 0.76% to currently trade at Rs 825 on the BSE.