Bangalore-based Can Fin Homes (CFHL), a Canara Bank sponsored lender of loans for construction of residential houses, has reported 15.7 per cent rise in its net profit at Rs 7.71 crore for the third quarter ended December 2008 compared to the corresponding quarter of last financial year. Its total income for the period marginally rose by 2.7 per cent to Rs 57.34 crore. The earnings per share for the quarter was higher at Rs 3.8 compared to Rs 3.3 in the same period last year.
Sanctions and disbursements of fresh loans during the nine-month period ended December 2008 stood at Rs 256 crore and Rs 221 crore respectively, a growth of 29 per cent under sanctions and 19 per cent under disbursements, the housing finance company said in a release.
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