Can Fin Homes (CANFINHOME) Q2 25/26 earnings summary

Executive summary

• Achieved Q2 disbursements of over INR 2,500 crore, marking a record for the quarter and strong growth in income and profitability year-over-year.

• 38-year-old deposit-taking housing finance company with pan-India presence, strong Canara Bank sponsorship, and consistent dividend payments.

• Focus on home loans to individuals, ethical practices, prudent underwriting, and robust management.

• Un-audited financial results for Q2 and H1 FY26 were approved, with 100% asset cover on secured NCDs and no deviations in fund utilization.

• IT transformation underway, with key modules implemented and further rollouts scheduled for Q3.

Financial highlights

• Loan book reached ₹39,657 Cr (+8% YoY) with 2.84 lakh clients as of Q2FY26; Q2 disbursements exceeded INR 2,500 crore.

• Q2FY26: NII ₹404 Cr, PBT ₹332 Cr, PAT ₹251 Cr; NIM 4.02%, ROAA 2.46%, RoE 18.41%, EPS ₹18.88.

• H1FY26: PAT ₹475 Cr (+16% YoY), NII ₹767 Cr (+16% YoY), disbursements ₹4,560 Cr (+8% YoY), total income ₹2,06,985.75 lakhs.

• Gross NPA 0.94%, Net NPA 0.48%-0.50%, with additional management overlay.

• Cost to income ratio at 18.55%; DER at 6.61; CRAR at 25.58%.

Outlook and guidance

• Q3 disbursement target set at INR 2,500 crore due to IT transformation, with a push for higher disbursement in Q4.

• FY26 guidance maintained at 12%-13% AUM growth and INR 10,500 crore in total disbursements.

• NIM and spread guidance set at 3.75% and 2.75%, respectively, with a conservative buffer.

• Continued focus on growth, asset quality, profitability, and liquidity, with ongoing digital transformation.

• No separate reportable segments as per Ind AS 108; all activities incidental to housing finance.