Can Fin Homes Ltd. Reports Standalone Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 17, 2017 at 08:43 am
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Can Fin Homes Ltd. reported standalone unaudited earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported total income from operations (net) of INR 3,496.424 million compared with INR 2,823.607 million for the same period last year. Profit from operations before other income, financial cost & exceptional items was INR 3,242.588 million compared with INR 2,584.812 million for the same period last year. Profit from ordinary activities before tax was INR 938.854 million compared with INR 676.803 million for the same period last year. Net profit was INR 596.035 million or INR 22.39 basic and diluted per share before and after extraordinary items (not annualised) compared with INR 421.796 million or INR 15.84 basic and diluted per share before and after extraordinary items (not annualised) for the same period last year.
For the nine months, the company reported net sales of INR 9,916.413 million compared with INR 7,882.695 million for the same period last year. Profit from operations before other income, financial cost & exceptional items was INR 9,167.814 million compared with INR 7,211.984 million for the same period last year. Profit from ordinary activities before tax was INR 2,596.940 million compared with INR 1,744.233 million for the same period last year. Net profit for the period tax was INR 1,643.925 million or INR 61.75 basic and diluted per share before and after extraordinary items (not annualised) compared with INR 1,096.572 million or INR 41.19 basic and diluted per share before and after extraordinary items (not annualised) for the same period last year. Operating profit was INR 2,771.9 million compared with INR 1,924.2 million for the same period last year. Return on equity was 21.6% compared with 16.88% for the same period last year. Return on Average asset was 1.89% compared with 1.62% for the same period last year.
Can Fin Homes Limited is an India-based housing finance company. The Company offers various types of housing loans, such as individual housing loans, affordable housing loans, composite loan, and top up loan. Its individual housing loans include individual housing loan-super (IHL-Super) and commercial housing loan (CHL). The Company provides composite loan for the purchase of site and construction of house thereon. It also offers non-housing loans including mortgage loans (ML), site loans, loans for commercial properties, loans against rent receivables, personal loans (PL), loans for childrenâs education and CFHL Nischint - for pensioners. It also accepts two types of deposits, such as fixed deposits and cumulative deposits.