Can Fin Homes PAT jumps 21 per cent

Can Fin Homes, the South-based housing finance company, has reported its results for the quarter ended December 30, 2018 on Wednesday.

The company’s net interest income (NII) for the quarter came in at Rs 136 crore as against Rs 127 crore in the corresponding quarter last year, registering 6.9 per cent increase on a yoy basis. This was mainly due to jump in interest income by 15.6 per cent yoy to Rs. 438 crore.

Also, its NIM stood at 3.18 per cent vs 3.58 per cent in the corresponding quarter last year. The gross NPA ratio stood at 0.71 per cent vs 0.48 per cent in Q3FY18. Further, the net NPA ratio stood at 0.51 per cent vs 0.25 per cent in Q3FY18.

The net profit for the quarter came in at Rs. 80 crore as against Rs. 66 crore in the corresponding quarter last year, showing 21 per cent increase on a yoy basis.

Can Fin Homes offers housing loan to individuals; housing loan to builders/developers and loan against property. Its loan portfolio includes housing loans and non-housing loans.

On Wednesday, the stock opened at Rs. 268.50 and made an intra-day high and low of Rs. 270 and Rs. 259.85, respectively, on the BSE. The company had hit its 52-week high of Rs. 557.35 on March 15, 2018 and its 52-week low of Rs. 217 on October 23, 2018 on the BSE.