Can Fin Homes Ltd's net profit jumps 36% at Rs 90 cr for Q4FY20

New Delhi: Can Fin Homes Ltd, the housing finance company of Canara Bank, registered a 36 percent jump in net profit at Rs 90.91 crore in the fourth quarter of the fiscal 2019-20 as compared to net profit of Rs 66 crore in the corresponding quarter of the previous fiscal. 

Company’s interest income went up by 15 percent to Rs 525 crore in the fourth quarter of the fiscal 2019-20 as compared to Rs 455 crore in the corresponding quarter of the previous fiscal. 

For the entire fiscal 2019-20, the consolidated net loss of the company jumped around 27 percent at Rs 376 crore as compared to Rs 296 crore in the previous fiscal. 

For the entire fiscal 2019-20, the interest income of the company jumped about 18 percent to Rs 2,018 crore as compared to Rs 1,713 crore in the previous fiscal, the company said in a regulatory filing. 

The total expenditure of the company in the fourth quarter of the 2019-20 fiscal stood at Rs 409 crore as compared to Rs 347 crore in the corresponding quarter of the previous fiscal. The total expenditure for the entire fiscal 2019-20 stood at Rs 1,512 crore as compared to Rs 1,261 crore in the previous fiscal.

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