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Can Fin Homes Ltd, the housing finance arm of public lender Canara Bank,  reported a 33.8% year-on-year (YoY) surge in net profit at ₹211.5 crore for the second quarter that ended September 30, 2024.In the corresponding quarter of the previous fiscal, Can Fin Homes posted a net profit of ₹158.1 crore, the company said in a regulatory filing. Net interest income (NII), which is the difference between the interest income a bank earns from its lending activities and the interest it pays to depositors, increased 7.3%, coming at ₹339.8 crore against ₹316.8 crore in the corresponding quarter of FY24.The gross non-performing asset (GNPA) stood at 0.88% in the September quarter against 0.91% in the June quarter. Net NPA came at 0.47% against 0.49% quarter-on-quarter.

Can Fin Homes Q2 Results | Net profit surges 39% to ₹212 crore, NII up 7% to ₹340 crore

Elpro International Limited has announced the acquisition of 1,44,910 equity shares in Can Fin Homes Limited for a total cash consideration of ₹10.01 crore. This marks a strategic investment in the housing finance sector. Can Fin Homes Limited, a Canara Bank-sponsored housing finance company. Can Fin Homes, established in 1987, is a prominent housing finance player offering a range of financial solutions across India. Its turnover has shown consistent growth, rising from ₹1,988.51 crore in FY22 to ₹3,524.70 crore in FY24. Elpro International’s acquisition aligns with its strategy to diversify its portfolio while leveraging the growing opportunities in the Indian housing finance sector. The transaction was completed with no related-party involvement, ensuring transparency and adherence to regulatory standards.

Elpro International acquires stake in Can Fin Homes for Rs 10.01 crore

Can Fin Homes Ltd will hold a board meeting on Sept 3, 2025, to approve raising up to ₹10,000 Cr via secured/unsecured NCDs through private placement, as authorized at the Aug 20 AGM. The meeting will address SEBI regulations 29 and 50 compliance.

Can Fin Homes to Consider ₹10,000 Crore Fundraising via NCDs

CFHL is a mid-sized HFC with a ₹39,657 crore portfolio as of September 2025, following steady growth (9.2% in FY25). Operations are heavily concentrated in South India, which accounts for 68% of advances and 56% of its 234 branches—a trend expected to continue.




CFHL maintains a strong 25.58% CAR, far exceeding the 15% regulatory mandate. Although gearing at 6.74x is higher than peers, it is improving and expected to remain under 8x. This leverage is offset by a low-risk, salaried housing portfolio and the company's ability to secure diversified, competitive funding.


The issuer has made timely interest payments.

Shri Suresh Srinivasan Iyer, Managing Director & CEO

Canara Bank (CARE AAA; Stable) maintains a strategic 29.99% stake in CFHL, providing essential board-level guidance, financial flexibility, and managerial support. Led by senior bank officials including MD & CEO K Satyanarayana Raju, this partnership remains a core strength, with Canara Bank committed to CFHL’s long-term stability and growth.


CFHL maintains a high-quality, retail-focused portfolio with 85% housing loans and 70% salaried borrowers. Despite competition, asset quality remains strong due to conservative underwriting, featuring a 47% average LTV and ₹25 lakh housing ticket size. As of September 2025, GNPA stood at 0.94% (NNPA 0.48%), with healthy provision coverage of 48.79% ensuring continued stability.



CFHL maintains a diversified borrowing mix, primarily led by bank term loans (53.46%), NCDs (21.69%), and NHB refinance (16.56%). Liquidity remains strong, supported by ₹7,592 crore in undrawn credit lines as of June 30, 2025.


CFHL maintains stable profitability through steady NIMs (3.50% in FY25) and low operating costs (0.61%). Reduced credit costs boosted ROTA to 2.21% in FY25, rising further to 2.30% in H1FY26 with a PAT of ₹475 crore. CareEdge Ratings expects this performance to continue, supported by healthy spreads and a resilient, secured business model.

Rating agency	Rating	Needle position
ICRA	AAA Stable	near High Safety
CARE	AAA	near High Safety

Security Name: 8.18% Can Fin Homes Limited 03 Apr 2029

ISIN: INE477A07399

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