Can Fin Homes Q3 Review - Disbursements Modest; Margins Intact: Motilal Oswal
Pedestrians walk near residential high-rise towers and a building under construction in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Can Fin Homes Q3 Review - Disbursements Modest; Margins Intact: Motilal Oswal

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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%.

Click on the attachment to read the full report:

Motilal Oswal CanFin Homes Q3FY21 Result Update.pdf

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