Can Fin Homes Q2 FY27 results: net profit up 9.2% to ₹274.61 crore, revenue up 7.7%

How did Can Fin Homes perform in Q2 FY27?

Can Fin Homes reported standalone revenue of ₹1,131 crore in Q2 FY27, up 7.7% from ₹1,049 crore in Q2 FY26. Against Q1 FY27, revenue rose 3.2% from ₹1,096 crore. The board approved the un-audited results on 9 October 2026, and the filing stated that they were prepared under Ind AS 34 and had received a limited review.

Profit before tax was ₹347.22 crore, up 4.7% from ₹331.58 crore in Q2 FY26 and 2.6% from ₹338.51 crore in Q1 FY27. Net profit after tax was ₹274.61 crore, compared with ₹251.43 crore in Q2 FY26 and ₹267.82 crore in Q1 FY27. Basic EPS was ₹20.62, versus ₹18.88 and ₹20.11 in the two comparison quarters.

EBITDA and EBITDA margin were not provided for the quarter. The company reported on a standalone basis; the filing did not provide consolidated figures. The profit after tax margin was 24.3% in Q2 FY26, compared with 24.3% in Q2 FY27, and 24.4% in Q1 FY27.

What changed in Can Fin Homes' costs and profit?

Total expenses rose to ₹783.96 crore in Q2 FY27 from ₹717.88 crore in Q2 FY26, an increase of ₹66.08 crore. Finance costs were the largest reported expense at ₹690.16 crore, up ₹51.58 crore from ₹638.58 crore, while employee cost rose ₹5.83 crore to ₹49.09 crore. Depreciation and amortisation increased ₹3.11 crore to ₹7.07 crore, and other expenses fell ₹0.32 crore to ₹25.66 crore.

Other income increased from ₹0.01 crore in Q2 FY26 to ₹0.40 crore in Q2 FY27, a difference of ₹0.39 crore. There was no exceptional item. Tax expense fell from ₹80.15 crore to ₹72.61 crore, a difference of ₹7.54 crore, and profit after tax rose ₹23.18 crore despite the increase in total expenses.

The earnings call recorded that the IT transformation affected disbursements, with migrated branches reporting a 70-75% drop in the migration month. Management said disbursements then recovered to 80-90% of the old level in the following month.

How did the first half of FY27 go?

For H1 FY27, revenue was ₹2,226.93 crore, up ₹157.15 crore or 7.6% from H1 FY26. Total income was ₹2,227.51 crore, compared with ₹2,069.86 crore in the previous first half. Profit before tax rose 12.6% to ₹685.73 crore from ₹609.21 crore.

What do the balance sheet and cash flow show?

Total assets were ₹45,815.25 crore at 30 September 2026, compared with ₹44,381.06 crore at 31 March 2026. Total equity rose to ₹6,417.14 crore from ₹5,980.4 crore, while cash increased to ₹3.49 crore from ₹1.36 crore. The available balance-sheet figures did not provide borrowings.

Operating cash flow for H1 FY27 was negative ₹679.92 crore, compared with negative ₹1,173.3 crore in H1 FY26. Investing cash flow was negative ₹81.21 crore against positive ₹192.75 crore, while financing cash flow was ₹763.26 crore compared with ₹981.42 crore. Capital expenditure was ₹69.29 crore in H1 FY27 and ₹7.05 crore in H1 FY26.

How has Can Fin Homes done over the last 8 quarters?

Revenue rose in each of the last eight quarters on a year-on-year basis, and profit also rose in each of the last eight quarters on that basis. Revenue increased from ₹986.11 crore in Q3 FY25 to ₹1,130.78 crore in Q2 FY27, while profit after tax moved from ₹212.12 crore to ₹274.61 crore.

Profit after tax reached its highest level in the supplied quarterly series in Q4 FY26 at ₹345.67 crore, before falling to ₹267.82 crore in Q1 FY27 and rising to ₹274.61 crore in Q2 FY27. Revenue continued upward, reaching ₹1,130.78 crore in Q2 FY27 from ₹1,096.15 crore in Q1 FY27. EBITDA margin figures were not provided for the quarterly trend.

What did Can Fin Homes' management say?

Management said Project Tejas was fully live and described the impact on disbursements: “The month in which the implementation has happened, the disbursements, they have dropped in that particular branches by about 70% to 75%, and then the next month, again, it pushes back and it comes back to almost 80%-90% of the old disbursement.” Management said: “We are still confident that in the next two quarters, we'll cover up for the shortfall in the disbursements, and we have already initiated steps also in that regard.”

Management identified branch migration in October and El Niño-related drought risk in southern states as residual risks to the pace of recovery. It also flagged Telangana sub-registrar verification, slow conversion of annual rate resets and an insurance commission regulatory change as risks or headwinds.

How did Can Fin Homes shares react?

The filing appeared after market hours. From the price when the filing appeared, the stock was up 2.0% after 5 minutes, 2.5% after 15 minutes and 2.8% after 30 minutes. On the reaction day, it closed up 2.4% from the pre-results close of ₹718.95; the base price was ₹719.2.

By the next day's close, the stock was up 2.2% from its pre-results close, and by the five-session close it was up 1.6%. The Housing Finance Company industry median was up 0.6% on the reaction day, up 1.7% by the next day and down 0.7% by five days. Can Fin Homes therefore exceeded the industry median by 1.8 percentage points on the reaction day, 0.5 percentage points by the next day and 2.3 percentage points by five days.

Earlier reaction-day moves were mixed: the stock fell 3.2% on 18 July 2026, rose 1.7% on 16 April 2026 and rose 2.5% on 17 January 2026. It also rose 4.8% on 18 October 2025 and fell 0.3% on 19 July 2025.

How did other Housing Finance Company companies do?

Seven other Housing Finance Company companies had filed by 4 November 2026. Their median revenue growth was 14.6%, compared with Can Fin Homes’ revenue growth of 7.7% in Q2 FY27. One peer grew more slowly than Can Fin Homes, while six grew faster.

All seven peers reported higher profit, compared with Can Fin Homes’ net profit growth of 9.2% from Q2 FY26. The peer figures cover seven companies for revenue growth and seven companies for profit.