India · Delayed Price · Currency is INR Can Fin Homes Earnings Call Transcripts
Fiscal Year 2026
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AUM grew 10.44% in FY 2026, with profit up 20% YoY (INR 1,027 crore, ex-one-offs). FY 2027 targets 14% AUM growth, 2.8%+ spread, and higher IT costs. Asset quality remains strong, with GNPA at 0.85% and credit cost at 10 bps.
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Q3 saw record disbursements and improved asset quality, with AUM growth impacted by high prepayments. Guidance for FY 2027 includes 15% AUM growth, stable NIMs and spreads, and continued IT transformation, while regional and segment diversification efforts progress.
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Q2 disbursements exceeded INR 2,500 crore, with NIM above 4% and spreads improving. Delinquency and credit costs declined, while IT transformation and branch expansion support future growth. FY26 guidance for 12%-13% AUM growth and INR 10,500 crore disbursement is maintained.
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Record Q1 disbursement and improved delinquency marked the quarter, with strong growth in North, West, and Tamil Nadu, while Karnataka and Telangana lagged. NIM rose to 3.64%, cost-to-income ratio was impacted by one-time salary adjustments, and branch expansion plus IT upgrades are expected to drive future growth.
Fiscal Year 2025
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Q4 saw a strong 31% sequential disbursement growth, with asset quality improving and NPA at 0.87%. Management guides for 20% disbursement growth in FY 2026, stable margins, and prudent provisioning, while expanding branches and investing in IT transformation.
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Q3 FY25 saw flat disbursements due to regulatory setbacks in Karnataka and Telangana, but cost of borrowing and portfolio yield improved slightly. AUM growth is expected to recover as operational issues resolve, with FY26 guidance targeting 15% AUM growth and minimal credit costs.
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Disbursements and AUM growth accelerated, with stable margins and improved asset quality. Technology upgrades and builder tie-ups are underway, while guidance for FY25 and FY26 remains robust, supported by liability repricing and a growing self-employed segment.
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Q1 FY25 saw a 6% drop in disbursements due to election-related slowdown, but June rebounded strongly. FY25 guidance remains at INR 10,500 crore disbursements and 15% AUM growth, with spreads and NIM expected to stay above 2.5% and 3.5% respectively.