Can Fin Homes (CANFINHOME) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 loan book reached ₹43,539 crore; PAT was ₹275 crore, up from ₹251 crore YoY, and GNPA improved to 0.90% from 0.94%.

• H1 FY27 PAT rose 14% YoY to ₹542 crore, supported by 12% growth in net interest income and 10% growth in the outstanding loan book.

• Q2 disbursements were temporarily disrupted by the phased IT migration; all branches moved to the new system effective Oct. 1.

• Robust underlying demand and the completed rollout support stronger Q3-Q4 disbursements; FY27 targets were retained.

• The Board approved unaudited Q2 and H1 results on Oct. 9, 2026; auditors issued an unmodified limited-review conclusion with emphasis on ERP migration and reconciliation.

Financial highlights

• Q2 FY27 approvals were ₹2,604 crore and disbursements ₹2,373 crore, below Q2 FY26 levels of ₹2,680 crore and ₹2,545 crore; management separately cited ₹2,375 crore of disbursements net of ₹29 crore in NHB-guidance cancellations.

• Q2 FY27 net interest income was ₹431 crore, operating profit ₹355 crore, PBT ₹347 crore and PAT ₹275 crore, versus ₹404 crore, ₹335 crore, ₹332 crore and ₹251 crore YoY.

• H1 FY27 approvals grew 14% to ₹5,399 crore, disbursements 9% to ₹4,982 crore, PBT 13% to ₹686 crore and PAT 14% to ₹542 crore YoY.

• Q2 total income from operations was ₹1,13,118.42 lakh versus ₹1,04,945.34 lakh YoY; PAT was ₹27,461.07 lakh versus ₹25,142.82 lakh.

• Q2 prepayments were ₹1,795 crore versus ₹1,857 crore in Q1; July was ₹655 crore, with each of the next two months below ₹600 crore.

Outlook and guidance

• FY27 disbursement guidance remained ₹13,000 crore; the Q3 target is ₹3,500 crore, with the remaining balance targeted for Q4.

• FY27 AUM growth guidance remained 13%-14%, closer to 14%, despite lower Q2 disbursements.

• FY28 internal plan targets ₹16,000 crore of disbursements and ~15%-15.5% AUM growth; management cited ~22% disbursement growth YoY.

• Management expects to protect spread at 3.75%+ and NIM at 2.75%+; it cited operating levels of ~3.75% spread and ~3.8% NIM.

• Credit cost guidance remained 10 bps; reported quarter-end credit cost was 9 bps, with gross NPAs expected to ease in H2.