Can Fin Homes Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Can Fin Homes, a Canara Bank-sponsored housing finance company, declared its Q1 FY26 results. Total income from operations jumped to ₹1,02,040 lakhs from ₹72,049 lakhs in Q1 FY25, a growth of about 42% year-on-year, driven by higher interest income. Profit before tax rose to ₹23,391 lakhs (vs ₹20,030 lakhs) and net profit after tax came in at ₹22,387 lakhs (vs ₹19,964 lakhs), translating to a 12% PAT growth. Basic and diluted EPS stood at ₹16.81 versus ₹14.99 in the year-ago quarter. The company noted a change in how it accounts for loan initiation charges (now recorded at gross value instead of net), which added ₹352.89 lakhs to the current quarter's profit. During the quarter, Can Fin issued ₹980 crore of 7.24% secured NCDs and redeemed ₹1,360 crore of older NCDs, leaving total outstanding NCDs at about ₹7,666 crore. The Board also approved the appointment of Shri Hardeep Singh Ahluwalia as Additional Director (Canara Bank nominee), subject to RBI approval.
The sharp 42% jump in operating income signals strong loan growth, but a smaller 12% rise in profit suggests margin pressure from higher borrowing costs, which shareholders should track. The auditor has highlighted an emphasis of matter and a change in revenue recognition policy, but the overall review report remains unmodified, indicating no serious concerns. Asset quality and capital adequacy ratios appear healthy, and the pending director appointment is a routine governance step for a Canara Bank subsidiary.