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Can Fin Homes reported a healthy Q1FY27 performance, with disbursements at ₹2,609 crore

ICICIdirect Research 20 Jul 2026 DISCLAIMER

News: Can Fin Homes reported a healthy Q1FY27 performance, with disbursements at ₹2,609 crore (up ~29% YoY), resulting in loan book growth of ~11% YoY/ ~2% QoQ to ₹42,961 crore. Net interest income grew ~18% YoY (~1% QoQ) to ₹427 crore, while NIM improved 17 bps YoY but moderated 38 bps QoQ to 3.81%, reflecting the impact of interest rate transmission. PAT grew ~20% YoY (-23% QoQ) to ₹268 crore, with the sequential decline largely due to the absence of one-off tax benefits recorded in Q4FY26. Asset quality remained healthy, with GNPA/NNPA improving to 0.87%/0.42%, reflecting stable collections and lower credit costs.

View: Continued focus on expanding sourcing channels and strengthening direct sourcing is expected to support sustained business growth. Lower funding costs, stable asset quality and prudent underwriting provide visibility on earnings, while execution on the company's Roadmap 2028 growth strategy and maintaining margin trajectory remain key monitorables. 

Impact: Positive

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