Capitaline

Analyst Meet / AGM 20-Oct-16

Conference Call

Can Fin Homes

Targets to raise loan book size to Rs 35000 crore by March 2020

Can Fin Homes conducted a conference call on 19 October 2016 to discuss the financial performance for quarter ended September 2016. Sarada Kumar Hota - Managing Director addressed the call:
Highlights:

The company has continued to sustain strong loan book growth of 29% to Rs 11980 crore at end September 2016, driven by robust 37% surge in disbursements to Rs 1299 crore. The fresh approvals also jumped 38% to Rs 1517 crore in Q2FY2017.
The company is confident of raising its loan book to Rs 13500 crore by end March 2016.
During the Q2FY2017, the company has crossed the milestone of Rs 100 crore NII and PAT of Rs 50 crore.
About 78% of the total loan book was contributed by salaried and professional segment at end September 2016. Average ticket size of incremental housing loans stood at Rs 18 lakh, while that of non-housing loans was Rs 10 lakh.
About 87% of the fresh loan sanctions were housing loans and balance 13% were non-housing loans.
GNPA ratio of the company was lower at 0.25% at end September 2016, compared with 0.29% at end September 2015. NNPA ratio was negligible at 0.03% at end September 2016 compared with 0.1% at end September 2015.
Provision coverage ratio (PCR) of the company has further improved to 88% at end September 2016 from 67% at end September 2015.
The company has sharply improved cost to income ratio to 17.5% in Q2FY2017 from 20.3% in Q2FY2016.
The company has improved further improves NIMs to 3.44% in Q2FY2017 from 3.39% in the preceding last quarter and 3.1% in the corresponding quarter last year. The cost of borrowing for the company has declined sharply from 9.12% at end September 2015 to 8.55% at end September 2016.
The share of bank borrowings has declined to 18% at end September 2016 from 23% at end September 2015. On the other hand, the share of market borrowing has jumped to 48% at end September 2016 from 37% at end September 2015.

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