Скачать или смотреть Can Fin Homes | Q2FY26

Canfin Homes reported steady Q2FY26 results with net profit rising 18.9% YoY to ₹251 crore on total income growth of 9% to ₹1,049 crore. Assets under management (AUM) grew 8.4% YoY to ₹39,657 crore, supported by disbursements up 6.9% YoY. Net interest income rose 19.1% YoY, and net interest margin improved 27 bps to 4%. Cost-to-income ratio increased to 18.6% due to elevated operating expenses related to technology investments and branch expansion. Asset quality remained strong, with gross NPA at 0.94% and net NPA at 0.48%. Return on assets rose to 2.5%, and return on equity hovered around 17%, indicating strong capital efficiency.

Margin resilience amid a rising interest rate environment and disciplined asset quality underpin earnings visibility. However, operating expenses pressure margins and growth is moderate, constrained by funding costs and competitive loans market. The company’s low gearing and conservative underwriting reduce credit risk but may limit explosive growth.

For long-term investors seeking inflation and FD-beating returns, Canfin Homes offers stable, efficient growth with robust asset quality; however, growth traction and margin expansion are limited near term. Better peers with larger scale and higher growth potential include HDFC Ltd and LIC Housing Finance.

In summary, Canfin Homes is a solid, well-managed HFC, suitable for stable, conservative investors with moderate growth expectations