Hot Pursuit     02-May-22
Can Fin Home spurts after decent Q4 outcome
Can Fin Homes jumped 6.04% to Rs 628.90 after the company's net profit rose 19.85% to Rs 122.93 crore on 20.10% increase in total income to Rs 561.30 crore in Q4 March 2022 over Q4 March 2021.
Profit before tax (PBT) rose 15.72% year-on-year to Rs 164.34 crore in Q4 FY22.

The company's net interest income rose 28% to Rs 237.28 crore in Q4 March 2022 over Q4 March 2021. Outstanding loan book increased 21% to Rs 26711 crore during the period under review.

The bank's gross non-performing assets (NPAs) stood at Rs 170.59 crore as on 31 March 2021 as against Rs 201.91 crore as on 31 March 2020.

The ratio of gross NPAs to gross advances stood at 0.64% as on 31 March 2021 as against 0.91% as on 31 March 2020.

The ratio of net NPAs to net advances stood at 0.30% as on 31 March 2021 as against and 0.61% as on 31 March 2020.

Can Fin Homes' net profit rose 3.30% to Rs 471.11 crore on 1.48% decrease in total income to Rs 1,988.51 crore in the year ended March 2022 over the year ended March 2021. PBT rose 2.83% YoY to Rs 635.06 crore in FY22. Net interest income rose 2% to Rs 816.15 crore in FY22.

As on 31 March 2022, the company's provision coverage ratio stood at 52.69%. Asset coverage ratio stood at 100%.

The board recommended a final dividend of Rs 1.50 per equity share for the financial year 2021-22.

With reference to COVID-19, the company said it is fully operational from April 2020 with necessary precautions for the safety of employees and customers. It is well capitalised and there is no impact on the company's capital and financial resources. The company said it has enough liquidity and sufficient un-availed sanctioned limits from banks and financial institutions to meet all obligations and business growth.

The company's main business is to provide loans for the purchase and construction of residential houses. It has 187 branches, 21 affordable housing loan centres (AHLCs) & 13 satellite offices spread across various locations of the country in 21 States & Union Territories, total 200.

Previous News
  Can Fin Homes fixes record date of interim dividend
 ( Market Beat - Reports 14-Dec-23   18:54 )
  Can Fin Homes
 ( Results - Analysis 23-Jul-24   08:43 )
  Can Fin Homes
 ( Results - Analysis 28-Apr-23   08:27 )
  Can Fin Homes standalone net profit rises 26.07% in the March 2024 quarter
 ( Results - Announcements 30-Apr-24   07:28 )
  Can Fin Homes Q1 PAT up 13% YoY; loan book at Rs 32,505 crore
 ( Hot Pursuit - 20-Jul-23   11:00 )
  Can Fin Homes announces cessation of director
 ( Corporate News - 08-Sep-22   18:48 )
  Can Fin Homes standalone net profit rises 12.83% in the March 2021 quarter
 ( Results - Announcements 03-May-21   08:14 )
  Can Fin Homes standalone net profit rises 49.02% in the June 2022 quarter
 ( Results - Announcements 22-Jul-22   08:50 )
  Can Fin Homes to mull NCD issue of Rs 2,525 cr on March 29
 ( Hot Pursuit - 23-Mar-22   15:15 )
  Can Fin Homes schedules board meeting
 ( Corporate News - 23-Mar-22   11:43 )
  Can Fin Homes receives reaffirmation in credit ratings
 ( Corporate News - 29-Sep-21   12:37 )
Other Stories
  KEC International bags domestic and foreign projects worth Rs 1,079 crore
  24-Aug-24   11:36
  Shyam Metalics arm acquires 100% stake in SMEL Steel Structural
  24-Aug-24   09:00
  Bikaji Foods inks pact to acquire 55% stake in Ariba Foods
  23-Aug-24   15:50
  Reliance Infrastructure Ltd leads losers in 'A' group
  23-Aug-24   15:00
  Sun Pharma hits record high on launching skin infection drug, Starizo
  23-Aug-24   14:54
  Active Clothing Co Ltd leads losers in 'B' group
  23-Aug-24   14:45
  Jindal Saw rises after board OKs 2:1 stock split
  23-Aug-24   14:45
  Volumes soar at Minda Corporation Ltd counter
  23-Aug-24   14:30
  Real Estate stocks edge lower
  23-Aug-24   14:00
  Information Technology shares fall
  23-Aug-24   14:00
Back Top