BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Can Fin Homes Ltd.’s profit after tax grew 24% YoY to Rs 1.3 billion (largely stable QoQ).
The company had a mixed quarter, while disbursements improved sequentially, they were still 25% below YoY levels. This is contrary to the performances of some housing finance companies in Q3 FY21.
Management attributed this to Telangana closing home registrations for 2.5 months of the quarter – the state contributes 20% to disbursements.
As a result, asset under management grew 1% QoQ/4% YoY to Rs 210 billion. The share of salaried customers inched up 70 basis point QoQ to 72%.
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