Can Fin Homes's Net Profit Jumps 10% In Q1 FY19
New Delhi: The net profit of housing finance company Can Fin Homes Ltd has jumped 10 percent in the first quarter ended June 2019 to touch Rs 80.47 crore as compared to the same qauter of the previous fiscal. The company had a net profit of Rs 73.33 crore in the corresponding quarter of 2018.
The company registered seven percent growth in its sanctions of loans and 10 percent in disbursements. While the Assets Under Management has grown by 17 percent in the latest quarter, the incremental loan outstanding has grown by 40 percent. The company had a Net Interest margin of 3.18 percent, it said in a statement.