Q2FY24 Quarterly Result Announced for Can Fin Homes Ltd.
Housing Finance company Can Fin Homes announced Q2FY24 results: 1. Financial Performance Highlights: - Net Interest Income of Rs 316.77 crore - Operating Profit of Rs 270.18 crore - PBT of Rs 197.99 crore - PAT of Rs 158.07 crore - ROE of 15.96% - EPS of Rs 11.87 2. Digital Transformation and Initiatives: - Leveraging digital tools and technologies for seamless customer service - Emphasis on automation and digitization of processes - Strengthening digital capabilities for fraud control and customer data protection 3. Branch Network and Geographical Spread: - Pan-India presence with 175 branches, 21 Affordable Housing Loan Centers, and 12 Satellite Offices - Geographical reach across 21 States/Union Territories 4. Asset Quality and Risk Management: - Gross NPA of 0.76% and Net NPA of 0.43% - Proactive risk management measures and provision coverage ratio 5. Funding and Borrowings: - Well-diversified funding mix including banks, NHB, NCDs, and CP deposits - Total borrowings of Rs 30,628 crore 6. Strategic Initiatives and Action Taken: - Focus on strengthening risk management through RCSA and fraud control unit augmentation - Implementation of software for outsourced activities and online reconciliation - Branch expansion and market penetration efforts Result PDF19-10-2023
