Can Fin Homes (CANFINHOME) Q1 24/25 earnings summary

Executive summary

• Q1 FY25 disbursements declined 6% year-over-year due to election-related slowdown, but June was the second-best month in 15 months.

• Loan book reached ₹35,557 Cr in Q1FY25, up 9% YoY, with 2.62 lakh clients.

• Net Interest Income grew 12% YoY to ₹320 Cr; PAT rose 9% YoY to ₹200 Cr.

• Board approved unaudited financial results for Q1 FY25, with no deviations in fund utilization.

• Focus remains on growth, asset quality, profitability, and digital transformation.

Financial highlights

• Disbursements for Q1FY25 were ₹1,853 Cr, down 6% YoY; new approvals declined 5% YoY.

• Total income from operations for Q1 FY25 was ₹93,112.90 lakhs, up from ₹81,808.67 lakhs in Q1 FY24.

• Net profit after tax for Q1 FY25 stood at ₹19,964.04 lakhs, with EPS at ₹14.99.

• Gross NPA at 0.91%, Net NPA at 0.49%; provision coverage ratio (with overlay) at 73%.

• NIM at 3.57%, ROAA at 2.17%, ROE at 17.57%, cost-to-income ratio improved to 14.87%.

Outlook and guidance

• Disbursement target for FY25 is INR 10,500 crore, aiming for 15% AUM growth and loan book of INR 40,000–41,000 crore.

• GNPA expected to reduce to below 0.8% by year-end.

• ROA guidance at 2.1% and ROE at 17% for FY25.

• Continued emphasis on digitalization, compliance, and risk management.

• Final dividend of ₹4 per equity share recommended, subject to AGM approval.