Large rise in NPA levels hurts Can Fin Home's Q3 results, net profit up 6%

Firm to focus on affordable housing with a proper mix of non-housing segments

Can Fin Homes Limited registered a six per cent rise in net profit from Rs 749.9 million in Q2 FY2018 to Rs 801 million in Q3 FY2018. It is one of the top housing finance companies in the country, backed by sponsorship from Canara Bank.

On a y-o-y basis, the company has registered a 34 per cent increase in net profit, from Rs 596.1 million in Q3 FY2017.

The total interest income rose from Rs 3.7 billion in Q2 FY18 to Rs 3.8 billion in Q3 FY2018. The total income earned increased, by only three percent, to Rs 3.94 billion