{"id":142015,"date":"2023-02-16T06:23:03","date_gmt":"2023-02-16T11:23:03","guid":{"rendered":"https:\/\/44.250.171.167\/?p=142015"},"modified":"2023-02-16T06:23:04","modified_gmt":"2023-02-16T11:23:04","slug":"can-fin-homes-limited-nse-canfinhome-q3fy23-results-out-total-income-rise-40-yoy","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/can-fin-homes-limited-nse-canfinhome-q3fy23-results-out-total-income-rise-40-yoy\/","title":{"rendered":"Can Fin Homes Limited (NSE: CANFINHOME): Q3FY23 Results Out; Total Income rise 40% YoY"},"content":{"rendered":"\n

Can Fin Homes Limited (NSE: CANFINHOME)<\/a> is a housing finance company in India that provides home loans and other financial services for the construction, purchase, renovation, and extension of residential and commercial properties. The company is a subsidiary of Canara Bank and operates across India.<\/p>\n\n\n\n

Can Fin Homes reported its Q3FY23 results with a loan book of Rs 30,115 crore, showing a YoY increase of 20% and a clientele base of 23.08 lakh. The company disbursed loans amounting to Rs 2,406 crore in Q3, an increase of 15% YoY. The company’s net profit rose to Rs 151.49 crore in Q3 FY23 compared to Rs 115 crore in the same period last year, marking a 30.9% growth. The total income of the company rose by 39.6% to Rs 709.71 crore in Q3 FY23 from Rs 507.65 crore in the same period last year.<\/p>\n\n\n\n

Can Fin Homes’ net interest income (NII) increased by 22.23% to Rs 251.71 crore as on 31 December 2022, compared to Rs 205.93 crore as on 31 December 2021. The company’s net interest margin (NIM) stood at 3.47% in Q3 FY23 compared to 3.70% in the corresponding period last year. The housing finance company’s operating profit advanced by 23.78% to Rs 212.93 crore in Q3 FY23 as against Rs 172.03 crore in the same quarter last year. Profit before tax rose by 31.38% to Rs 204.52 crore in Q3 FY23 compared to Rs 155.67 crore in Q3 FY22.<\/p>\n\n\n\n

Can Fin Homes’ gross non-performing asset (NPA) stood at Rs 181.14 crore in Q3 FY23 compared to Rs 177.21 crore in the same period last year. The net NPA was at Rs 89.29 crore during the quarter as compared to Rs 97.04 crore in the same quarter last year. The gross NPA ratio stood at 0.60% in Q3 FY23 as compared to 0.71% in Q3 FY22, while the net NPA ratio was at 0.30% in Q3 FY23 as compared to 0.39% in Q3 FY22.<\/p>\n\n\n\n

Can Fin Homes’ return on assets (RoAA) stood at 2.16% in Q3 FY23 compared to 2.04% in Q3 FY22. The company’s return on equity (RoE) was at 17.30% in Q3 FY23 as compared to 15.83% in Q3 FY22. The company’s provision coverage ratio (PCR) during the quarter stood at 50.71%, and the capital risk adequacy ratio (CRAR) was at 23.45% as on 31 December 2022. The salaried and professional segment constitutes 74% of the outstanding loan book as on December 2022. Housing forms 90% of the loan book, while NHL constitutes 10%. The average ticket size of incremental housing and non-housing loans is Rs 24 lakh and Rs 8 lakh, respectively.<\/p>\n\n\n\n

Overall, Can Fin Homes reported a strong performance in Q3 FY23, with a significant increase in its loan book, profitability, and provision coverage ratio, along with a decline in NPA ratios.<\/p>\n","protected":false},"excerpt":{"rendered":"

Can Fin Homes Limited (NSE: CANFINHOME) is a housing finance company in India that provides home loans and other financial services for the construction, purchase, renovation, and extension of residential and commercial properties. The company is a subsidiary of Canara Bank and operates across India. Can Fin Homes reported its Q3FY23 results with a loan […]<\/p>\n","protected":false},"author":1932,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[392,1],"tags":[151],"class_list":["post-142015","post","type-post","status-publish","format-standard","hentry","category-earnings","category-finance-stocks","tag-banking"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":140029,"url":"https:\/\/alphastreet.com\/india\/bank-of-baroda-ltd-nse-bankbarodaq3-fy23-results-outtotal-income-rises-37-yoy\/","url_meta":{"origin":142015,"position":0},"title":"Bank of Baroda Ltd.(NSE: BANKBARODA)|Q3 FY23 Results Out|Total Income rises 37% yoy","author":"Divyansh_Kasana","date":"February 3, 2023","format":false,"excerpt":"Bank of Baroda (NSE: BANKBARODA) is a public sector bank based in India. It was established in 1908 and is headquartered in Vadodara, Gujarat. The bank offers a range of financial products and services, including savings accounts, current accounts, personal loans, home loans, credit cards, and wealth management services. Bank\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/37d3980b-0c50-4e98-b3d1-69e5eca2952f-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/37d3980b-0c50-4e98-b3d1-69e5eca2952f-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/37d3980b-0c50-4e98-b3d1-69e5eca2952f-1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/37d3980b-0c50-4e98-b3d1-69e5eca2952f-1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/37d3980b-0c50-4e98-b3d1-69e5eca2952f-1.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/37d3980b-0c50-4e98-b3d1-69e5eca2952f-1.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":140177,"url":"https:\/\/alphastreet.com\/india\/coromandel-international-ltd-nse-coromandel-q3-fy23-results-out-total-income-rises-65-yoy\/","url_meta":{"origin":142015,"position":1},"title":"Coromandel International Ltd.(NSE: COROMANDEL)| Q3 FY23 Results Out| Total Income rises 65% yoy","author":"Divyansh_Kasana","date":"February 6, 2023","format":false,"excerpt":"Coromandel International Limited (NSE:COROMANDEL) is an Indian agricultural company that specializes in fertilizers, crop protection, and speciality nutrients. The company operates through three business segments: fertilizers, speciality nutrients, and crop protection. Coromandel is a subsidiary of the Murugappa Group, one of India's largest business conglomerates. The company operates in India\u2026","rel":"","context":"In "Agricultural Products"","block_context":{"text":"Agricultural Products","link":"https:\/\/alphastreet.com\/india\/category\/agricultural-products\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/eac9ecd0-618a-4b65-933b-0baf6719a320-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/eac9ecd0-618a-4b65-933b-0baf6719a320-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/eac9ecd0-618a-4b65-933b-0baf6719a320-1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/eac9ecd0-618a-4b65-933b-0baf6719a320-1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/eac9ecd0-618a-4b65-933b-0baf6719a320-1.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/eac9ecd0-618a-4b65-933b-0baf6719a320-1.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":140235,"url":"https:\/\/alphastreet.com\/india\/adani-transmission-ltd-nse-adanitrans-q3-fy23-results-out-total-income-rises-20-yoy\/","url_meta":{"origin":142015,"position":2},"title":"Adani Transmission Ltd.(NSE: ADANITRANS)| Q3 FY23 Results Out| Total Income rises 20% yoy","author":"Divyansh_Kasana","date":"February 6, 2023","format":false,"excerpt":"Adani Transmission Limited (NSE: ADANITRANS) is a subsidiary of the Adani Group and is one of the largest private power transmission companies in India. The company is focused on building and operating transmission infrastructure to support India's power sector and is involved in the transmission of electricity across multiple states\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/b7f2af57-6837-4451-8a32-b10fb46c510b.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/b7f2af57-6837-4451-8a32-b10fb46c510b.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/b7f2af57-6837-4451-8a32-b10fb46c510b.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/b7f2af57-6837-4451-8a32-b10fb46c510b.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/b7f2af57-6837-4451-8a32-b10fb46c510b.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/b7f2af57-6837-4451-8a32-b10fb46c510b.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":141220,"url":"https:\/\/alphastreet.com\/india\/ajanta-pharma-limited-nse-ajantapharma-q3-fy23-results-out-total-income-rises-17-yoy\/","url_meta":{"origin":142015,"position":3},"title":"Ajanta Pharma Limited (NSE: AJANTAPHARMA): Q3 FY23 Results Out; Total Income Rises 17% YoY","author":"Divyansh_Kasana","date":"February 13, 2023","format":false,"excerpt":"Ajanta Pharma Limited (NSE: AJANTAPHARMA) is an Indian pharmaceutical company that specializes in the production and distribution of generic drugs. The company has reported its financial results for the third quarter (Q3) of fiscal year 2023 (FY23) and for the first nine months (9M) of the fiscal year. The revenue\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140888,"url":"https:\/\/alphastreet.com\/india\/aditya-birla-capital-ltd-nse-abcapital-q3-fy23-results-out-total-income-rises-31-yoy\/","url_meta":{"origin":142015,"position":4},"title":"Aditya Birla Capital Ltd.(NSE: ABCAPITAL): Q3 FY23 Results Out; Total Income Rises 31% YoY","author":"Divyansh_Kasana","date":"February 10, 2023","format":false,"excerpt":"Aditya Birla Capital Limited (NSE: ABCAPITAL), a leading financial services provider, announced its Q3FY23 results and reported strong growth across its various business segments. The company's consolidated revenue grew by 31% YoY to Rs 7,699 crore, driven by an increase in lending operations and insurance business. The loan book of\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":141252,"url":"https:\/\/alphastreet.com\/india\/bank-of-baroda-ltd-nse-bankbaroda-q3-fy23-results-out-total-income-rises-37-yoy\/","url_meta":{"origin":142015,"position":5},"title":"Bank of Baroda Ltd. (NSE: BANKBARODA): Q3 FY23 Results Out; Total Income rises 37% YoY","author":"Divyansh_Kasana","date":"February 13, 2023","format":false,"excerpt":"Bank of Baroda (NSE:BANKBARODA) is one of the largest public sector banks in India, with a history dating back to 1908. The bank operates through a vast network of branches across the country and offers a wide range of banking services to individuals, businesses, and corporations. Some of its key\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/142015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1932"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=142015"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/142015\/revisions"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=142015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=142015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=142015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}