Capitaline

Analyst Meet / AGM 19-Jul-16

Conference Call

Can Fin Homes

Targets loan growth of 27-28% for FY2017

Can Fin Homes conducted conference call on 15 June 2016 to discuss the financial performance for quarter ended June 2016. Sarada Kumar Hota - Managing Director addressed the call:
Highlights:

Loan book of the company has increased 28% to Rs 11183 crore at end June 2016, driven by 30% growth in disbursements to Rs 1052 crore and sanctions rising 36% to Rs 1191 crore in Q1FY2017.
The company proposes to improve the loan book size to Rs 13500 crore by end March 2016, implying strong loan growth of 27-28% for FY2017.
About 79% of the total loan book comes from salaried and professional segment at end June 2016.
Average ticket size of incremental housing loans stood at Rs 18 lakh, while that of non-housing loans was Rs 9 lakh.
On an incremental basis, the 87% of the fresh loan sanctions were housing loans and balance 13% were non-housing loans.
GNPA ratio of the company has continued to remain lower at 0.24% at end June 2016, compared with 0.26% at end June 2015. NNPA ratio was negligible at 0.04% at end June 2016 compared with 0.08% at end June 2015. However, the company has always maintained financial year end NNPA ratio at nil level.
Provision coverage ratio (PCR) of the company has jumped to 84% at end June 2016 from 67% at end June 2015.
The company has improved NIMs to 3.39% in Q1FY2017 from 3.24% in the preceding last quarter and 3.04% in the corresponding quarter last year. The cost of borrowing for the company has declined sharply from 9.21% at end June 2015 to 8.60% at end June 2016.
The share of bank borrowings has declined to 19% at end June 2016 from 27% at end June 2015. On the other hand, the share of market borrowing has jumped to 44% at end June 2016 from 28% at end June 2015.
The capital adequacy ratio of the company was strong at 19.53% at end June 2016.
The distribution network of the company stood at 120 branches and 50 satellite offices spread across 19 states at end June 2016. The company has added 79 branches and 50 satellite offices in the last five years. The company proposes to add 10 branches and 20 satellite offices in FY2017.
The company contained the cost-to-income ratio at around 17%.

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