Can Fin Homes Ltd, a housing finance company promoted by Canara Bank, reported a 31% rise in net profit at ₹346 crore for the March quarter of FY26, supported by improvement in margins and steady growth in its loan book.
Net interest margin (NIM) improved by 37 basis points to 4.19%. For the full year, net profit rose to ₹1,006 crore from ₹857 crore in the previous year.
Asset quality, loan mix
Asset quality remained stable with gross non-performing assets (GNPA) at 0.85% (0.87%) and net NPA at 0.37% (0.46%). Assets under management (AUM) grew 10% to ₹42,209 crore.
Housing loans constituted 72% of the loan book, while non-housing loans, including commercial real estate, accounted for 28%. The average ticket size stood at ₹27 lakh for housing loans and ₹14 lakh for non-housing loans.
Disbursements, provisions
Loan disbursements during the year rose 23% to ₹10,531 crore from ₹8,568 crore. The company said it is required to maintain provisions of ₹400 crore towards expected credit losses and is currently carrying ₹499 crore.
This includes ₹59 crore as management overlay and ₹40 crore towards restructured accounts, providing an additional buffer against potential stress.
Liquidity, deposits
The company maintained a strong liquidity position, with a liquidity coverage ratio of 563.50% as of March 2026, significantly higher than the regulatory requirement of 100%.
Undrawn bank lines of ₹2,541 crore, along with internal accruals, are expected to support business requirements over the next three months. The deposit book stood at ₹220 crore, with the company offering 7.50% interest on 36-month cumulative deposits, along with an additional 0.25% for senior citizens.
Network, outlook
Can Fin Homes operates 249 branches across 21 States and Union Territories. As part of its roadmap for FY28, the company aims to rebalance its geographic mix to 60:40 between the South and the rest of India.
It also plans to increase the share of housing loans in its portfolio to 80% and expand its focus on salaried customers, targeting 65% of its borrower base.