Can Fin Homes Ltd: Q1FY18 Results

Can Fin Homes reported its standalone financial results for the quarter ended June 30, 2017.

The company reported NII growth of 0.7% QoQ to Rs 135.5 crore for Q1FY2017-18. Its NII for the quarter ended March 31, 2017, was Rs 134.5 crore. The company's net profit for the quarter grew marginally by 0.5% QoQ to Rs 71.2 crore.

The company's loan book as on June 30, 2017 increased 3.7% to Rs 13,808 crore from Rs 13,313 crore in previous quarter. Its 75% loan book as at June 2017 came from salaried and professional segment.
 
The company increased provisions for standard assets and non-performing assets from Rs 1.3 crore to Rs 4.15 crore QoQ.
 
Its gross non-performing assets increased moderately to 0.38% from 0.21% QoQ and net interest margin improved by 11 bps to 3.65% from 3.54%. Its cost-to-income ratio also improved QoQ from 17.02% to 14.9%. 

Can Fin Homes Ltd is engaged in the business of housing finance, offering a range of loan products, housing loans as well as non-housing loans.
 
The company's stock opened at Rs 3244 and closed at Rs 3146, after touching day's high of Rs 3244