Can Fin Homes Ltd

Can Fin Homes will hold a meeting of the Board of Directors of the Company on 23 April 2025.Powered by Capital Market - Live

Joishy, confirmed as the next CFO by the company on March 15, will take charge on an interim basis. He shall hold the office until a permanent CFO is onboarded, the company said. The company's new CFO replaces the incumbent CFO, Apurav Agarwal, who has stepped down. Agarwal submitted his resignation in December, citing personal reasons for his decision to resign. Agarwal's tenure concluded at the end of market hours on Wednesday, as per the filing. He also ceases to be a key managerial personnel of the company. Can Fin Homes is a housing finance institution approved by the National Housing Bank (NHB), the apex authority of housing in the country. The company reported a 6% rise in standalone net profit to Rs 212.12 crore on a 9.3% increase in total income to Rs 986.15 crore in Q3 FY25 as compared with Q3 FY24. Powered by Capital Market - Live

Can Fin Homes has allotted Secured Redeemable Non-Convertible Taxable Debentures aggregating to Rs 1510 crore (Rs 400 crore base issue size + Rs 1110 crore Green Shoe Option) on a Private Placement Basis on 18 March 2025. Powered by Capital Market - Live

The Board of Can Fin Homes has approved the proposal for Selection of IBM India as System Integrator for Supply, Implementation and Maintenance of Core Business Solution, Infrastructure and Security Solution at Can Fin Homes through Circular Resolution on 20 February 2025. The size of the contract is Rs 296.95 crore for entire contract period of 7 years. Powered by Capital Market - Live

Net profit of Can Fin Homes rose 5.99% to Rs 212.12 crore in the quarter ended December 2024 as against Rs 200.14 crore during the previous quarter ended December 2023. Sales rose 9.42% to Rs 986.11 crore in the quarter ended December 2024 as against Rs 901.24 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales986.11901.24 9 OPM %92.0891.44 - PBDT272.45258.78 5 PBT269.12255.69 5 NP212.12200.14 6 Powered by Capital Market - Live

The headline equity benchmarks traded in a narrow range with substantial gains in mid-afternoon trade. The Nifty traded above the 23,300 level after hitting the day's low of 23,170.65 in the morning trade. Metal shares witnessed buying demand for the fifth consecutive trading session. At 14:30 IST, the barometer index, the S&P BSE Sensex, rallied 528.48 points or 0.69% to 77,147.81. The Nifty 50 index added 124.45 points or 0.54% to 23,327.65. In the broader market, the S&P BSE Mid-Cap index rose 0.64% and the S&P BSE Small-Cap index gained 0.80%. The market breadth was positive. On the BSE, 2,470 shares rose and 1,532 shares fell. A total of 172 shares were unchanged. Economy: India's foreign exchange (forex) reserves declined $8.714 billion to $625.871 billion in the week ended January 10, according to the latest RBI data. For the week ended January 10, foreign currency assets, a major component of the reserves, decreased by $9.469 billion to $536.011 billion, the data released on Friday showed. Gold reserves increased by $792 million to $67.883 billion during the week. The special drawing rights (SDRs) were down by $33 million to $17.781 billion, the RBI said. India's reserve position with the IMF was down by $4 million at $4.195 billion in the reporting week, the apex bank data showed. Buzzing Index: The Nifty Metal index gained 1.21% to 8,624.60. The index jumped 8.46% in five consecutive trading sessions. National Aluminium Company (up 2.99%), Welspun Corp (up 2.5%), APL Apollo Tubes (up 2.1%), Vedanta (up 1.93%), Hindustan Zinc (up 1.54%), Adani Enterprises (up 1.52%), Jindal Steel & Power (up 1.40%), NMDC (up 1.31%), JSW Steel (up 0.92%) and Steel Authority of India (up 0.82%) advanced. Numbers to Track: The yield on India's 10-year benchmark federal paper was up 1.54% to 6.878 as compared with previous close 6.774. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 86.5525, compared with its close of 86.6025 during the previous trading session. MCX Gold futures for 5 February 2025 settlement shed 0.07% to Rs 78,967. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.23% to 109.10. The United States 10-year bond yield gained 0.52% to 4.635. In the commodities market, Brent crude for March 2025 settlement lost 34 cents or 0.42% to $80.45 a barrel. Stocks in Spotlight: Can Fin Homes advanced 2.69% after the company reported 6% rise in standalone net profit to Rs 212.12 crore on a 9.3% increase in total income to Rs 986.15 crore in Q3 FY25 as compared with Q3 FY24. Advait Energy Transitions was locked in upper circuit of 5% after receiving letter of Award (LOA) from Solar Energy Corporation of India (SECI) for product linked incentive (PLI) to set up manufacturing alkaline electrolysers. Powered by Capital Market - Live

Net interest income (NII) for the period under review was Rs 345 crore, up 4.9% YoY. Operating profit in the third quarter rose by _ % to Rs 291 crore from Rs 287 crore posted in the same period last year. ECL provision in Q3 FY25 was Rs 22 crore, down _ % YoY. Profit before tax in Q3 FY25 stood at Rs 269.12 crore, up by 5.3% from Rs 255.69 crore in Q3 FY24. Loan disbursements recorded during Q3FY25 added up to Rs 1,879 crore as against Rs 1879 crore during Q3 FY24, registering a flat performance. Disbursements during the quarter have clocked a negative growth of (21)% sequentially over the disbursements attained during Q2 FY25, mainly on account of issue pertaining to registration in Karnataka following the introduction of E-khata requirement. The loan portfolio as at December 2024, stood at Rs 37,155 crore as against Rs 34,053 crore in the corresponding previous period, recording an increase of 9%. Housing loans accounted for 77% of the loan book and non-housing loans (including CRE) accounted for the remaining 23%. On the asset quality front, the gross non-performing asset (GNPA) ratio was 0.92% as of 31 December 2024, compared to 0.88% as of 30 September 2024 and 0.91% as of 31 December 2023. The net non-performing assets (NNPA) ratio was 0.50% as of 31 December 2024, compared to 0.47% as of 30 September 2024 and 0.49% as of 31 December 2023. The liquidity coverage ratio as of 31 December 2024 stood at 167.17% as against the stipulated ratio of 85%. 'The documented undrawn bank lines stood at Rs 3,505.73 crore as of 31 December 2024 which, along with internal accruals will take care of business commitments for next 3 months,' the company said. Can Fin Homes is a housing finance company founded in 1987 by Canara Bank. As of December 2024, Canara Bank-Mumbai held 29.99% stake in the NBFC. The housing financier's net profit rose 33.8% to Rs 211.49 crore on 10.5% increase in total income to Rs 962.69 crore in Q2 FY25 as compared with Q2 FY24. Powered by Capital Market - Live

Can Fin Homes will hold a meeting of the Board of Directors of the Company on 18 January 2025.Powered by Capital Market - Live

Apurav Agarwal will continue to function as the chief financial officer of the company till the date of his ostensible relieving i.e. 19/03/2025, it added. Can Fin Homes is a housing finance company founded in 1987 by Canara Bank. As on September 2024, Canara Bank-Mumbai held 29.99% stake in the NBFC. The housing financier's net profit rose 33.8% to Rs 211.49 crore on 10.5% increase in total income to Rs 962.69 crore in Q2 FY25 as compared with Q2 FY24. The scrip slipped 2.86% to close at Rs 747.75 on Friday, 20 December 2024. Powered by Capital Market - Live

Can Fin Homes announced the resignation of Apurav Agarwal as Chief Financial Officer of the Company with effect from 19 March 2025. Powered by Capital Market - Live