Can Fin Homes Limited performance highlights and COVID-19 impact

Can Fin Homes Limited performance highlights and COVID-19 impact

 

 

Performance Highlights:

Loan book: Loan book increased by 13% with an Outstanding of Rs.20708 crore on 31/03/2020 as against Rs.18381 crore on 31/03/2019.
Revenue: The total Income of the Company increased by 14% from Rs 463 Cr to Rs 529 Cr (YOY). An Increase of 17% was seen in the total Income when compared to YTD with an Increase from Rs 1731 cr to Rs 2030 Cr.
Profit After Tax: PAT has increased from Rs 67 Cr to Rs 91 Cr YOY @I 36%. PAT for FY 2019-20 stood at Rs 376 Cr as against Rs 297 Cr for the previous year, an increase of 27%.

Net Interest Income: Nil has increased from Rs 138 Cr to Rs 186 cr YOY kb a growth rate of 35%. For the Year the Nil has increased by 24% from Rs 544 Cr to Rs 675 Cr.
Net Interest Margin: NW has improved from 3.29% to 352% YOY. /west Duality: The GNPAs of the Company has been contained at 0.76% as compared to 080% in Q3.

As on date there are 198 offices spread over 21 States and Union Territory.

Impact of Covld-19
The COVID-19 pandemic has spread rapidly throughout the world, prompting governments and businesses to take unprecedented measures such as lockdown, restrictions on travel and business operations, temporary closure of businesses, quarantine and shelter-In-place orders. The outbreak has had an impact on almost all entities either directly or indirectly.
Impact on business;
The Companys main business is providing loans for construction/ purchase of houses/flats against the security of immovable property. Due to the lockdown since March 25, 2020, the operations of the Company were restricted. Loan disbursements were not made during April 2020. Business resumed In many Centres during last week of May 2020. The administrative work of the Company
was carried out through the work from home mode.
Impact on operations:
Due to the lockdown, the operations of the Company were restricted from March 24th to April 19D. From April 20D the Company has been able to open almost all branches except those in containment areas.

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