 |
Results
22-Oct-21
|
|
|
|
|
|
|
|
Analysis
|
|
|
|
Can Fin Homes
|
|
AUM growth accelerates to 13%, disbursements surges 168% in Q2FY2022
|
|
|
|
|
|
Can Fin Homes has posted 4% decline in
the net profit to Rs 123.64 crore in the quarter ended September 2021, mainly
driven by decline net interest income and surge in operating expenses.
The interest income of the company has
declined 11% while interest expenses dipped 14% leading to 7% decline in net
interest income at Rs 196.96 crore. Further, the operating expenses surged 38%
to Rs 31.71 crore leading to 13% decline in the operating profit to Rs 165.36
crore.
The company has written back bad debt provisions
of Rs 6.21 crore, while depreciation increased 11% to Rs 2.52 crore. PBT fell
2% to Rs 169.05 crore.
An effective tax rate rose to 26.9%
from 25.4%, leading to 4% decline in the net profit to Rs 123.64 crore.
Business
highlights
The disbursement of the company moved
up 168% to Rs 2208 crore, while sanctions improved 169% to Rs 2288 crore.
The loan book moved up at an
accelerated 13% to Rs 23584 crore with a clientele base of 1.86 lakh. About 74%
of the outstanding loan book is from Salaried Professionals. Further 90% of
loam book is home loans.
The company has witnessed decline in its
net interest margin to 3.4% in the quarter ended September 2021 from 4.09% in
the corresponding quarter of last year, mainly driven by decline in yield on
advances to 7.99% from 9.96% in line with the strategy of the company of
lending at competitive lending rates. The cost of funds has also declined to
5.57% from 7.1% last year.
Capital adequacy ratio was held at 25.22%
with Tier 1 ratio at 23.47% end September 2021.
Gross NPA ratio of the company stood
at 0.78% and net NPA ratio at 0.47% end September 2021 compared with 0.90% and 0.57%
end June 2021.
Financial
performance H1FY2022
Interest income declined 12% to Rs 918.57
crore, while interest expense fell 16% to Rs 538.85 crore, leading to 6% decline
in net interest income to Rs 379.72 crore. Operating expenses moved up 41% to
Rs 59.59 crore. Operating profit moved declined 12% to Rs 320.28 crore.
Provisions dipped 99% to Rs 0.34 crore, while depreciation increased 7% to Rs 4.89
crore. PBT gained 6% to Rs 315.05 crore. An effective tax rate rose to 26.2%
from 25.7%. Net profit moved up 5% to Rs 232.49 crore in H1FY2022.
|
Can Fin Homes: Results
|
|
|
2109 (3)
|
2009 (3)
|
Var %
|
2109 (6)
|
2009 (6)
|
Var %
|
2103 (12)
|
2003 (12)
|
Var %
|
|
Interest Inc.
|
467.77
|
525.76
|
-11
|
918.57
|
1048.16
|
-12
|
2018.14
|
2030.41
|
-1
|
|
Interest Exp.
|
270.82
|
313.43
|
-14
|
538.85
|
644.25
|
-16
|
1208.33
|
1344.21
|
-10
|
|
Net Interest Inc.
|
196.96
|
212.33
|
-7
|
379.72
|
403.90
|
-6
|
809.81
|
686.20
|
18
|
|
Other inc.
|
0.11
|
0.05
|
108
|
0.15
|
0.16
|
-3
|
0.29
|
0.04
|
625
|
|
Total inc.
|
197.07
|
212.38
|
-7
|
379.87
|
404.06
|
-6
|
810.10
|
686.24
|
18
|
|
Op. Exp.
|
31.71
|
22.95
|
38
|
59.59
|
42.14
|
41
|
114.42
|
98.17
|
17
|
|
OP
|
165.36
|
189.43
|
-13
|
320.28
|
361.92
|
-12
|
695.68
|
588.07
|
18
|
|
Woff/Prov. of B/D
|
-6.21
|
15.11
|
LP
|
0.34
|
59.24
|
-99
|
68.53
|
60.32
|
14
|
|
Dep.
|
2.52
|
2.28
|
11
|
4.89
|
4.59
|
7
|
9.57
|
9.47
|
1
|
|
PBT
|
169.05
|
172.05
|
-2
|
315.05
|
298.09
|
6
|
617.58
|
518.29
|
19
|
|
Total Tax
|
45.41
|
43.63
|
4
|
82.56
|
76.52
|
8
|
161.52
|
142.17
|
14
|
|
PAT
|
123.64
|
128.42
|
-4
|
232.49
|
221.57
|
5
|
456.06
|
376.12
|
21
|
|
EPS*(Rs)
|
37.1
|
38.6
|
|
34.9
|
33.3
|
|
34.3
|
28.2
|
|
|
* On current equity of
Rs 26.63 crore. Face Value: Rs 2
|
|
Figures in Rs crore,
PL: Profit to Loss. LP: Loss to Profit
|
|
Source: Capitaline
Corporate Database
|
|
|
|
|
Previous News |
Can Fin Homes standalone net profit rises 30.94% in the December 2022 quarter
(
Results
-
Announcements
20-Jan-23
07:36
)
|
|
|
Can Fin Homes
(
Analyst Meet / AGM
-
Conference Call
27-Jul-23
08:59
)
|
|
|
Can Fin Homes
(
Analyst Meet / AGM
-
Conference Call
21-Jul-23
09:46
)
|
|
|
Can Fin Homes standalone net profit rises 12.83% in the March 2021 quarter
(
Results
-
Announcements
03-May-21
08:14
)
|
|
|
Board of Can Fin Homes to consider fund raising via NCD issuance
(
Corporate News
-
06-Oct-22
13:05
)
|
|
|
Can Fin Homes declines after Q2 PAT falls 3.7% YoY
(
Hot Pursuit
-
22-Oct-21
12:29
)
|
|
|
Can Fin Homes receives upgrade in long term issuer ratings
(
Corporate News
-
22-Dec-23
16:04
)
|
|
|
Can Fin Homes announces change in Chief Risk Officer
(
Corporate News
-
20-May-22
18:56
)
|
|
|
Can Fin Homes to conduct board meeting
(
Corporate News
-
06-Oct-21
10:11
)
|
|
|
Can Fin Homes to declare Quarterly Result
(
Corporate News
-
18-Aug-20
10:22
)
|
|
|
Can Fin Homes receives revision in credit ratings from India Ratings & Research
(
Corporate News
-
19-Dec-19
13:09
)
|
|
|
|
|
|
Other Stories |
|
|
|
|
|
|
|
|
|
|
|
|
|