Can Fin Homes Q4 Results: Net profit rises 26% YoY to Rs 209 crore

Kolkata: Can Fin Homes, a subsidiary of Canara Bank, on Monday reported a 26% rise in net profit for the March quarter at Rs 209 crore against Rs 166 crore in the year ago period.

Its interest income for the quarter was 21% higher at Rs 912 crore. The lender has a comfortable asset quality with its gross non-performing assets ratio being reported at 0.82%.

The mortgage lender, in which Canara Bank holds a 30% stake, proposed a final dividend of Rs 4 per equity share of the face value of Rs.2 each.


The board of the company has also approved raising up to Rs 2100 crore by selling non-convertible debentures. This was part of the undrawn limit of the Rs 4000 crore fundraising plan approved by the shareholders in July last year.