Can Fin Homes Q4 Results: Profit Beats Estimates

The company's board of directors recommended a final dividend of Rs 6 per equity share.

The total income during the period rose to Rs 1,000 crore, up 7.8% as against Rs 928 crore in the corresponding quarter of the last fiscal. (Photo Source: Envato)

Can Fin Homes Ltd.'s net profit rose 12% in the fourth quarter of the last financial year, beating analysts' estimate.

The company posted a profit of Rs 234 crore in the quarter ended March, according to an exchange filing on Wednesday. Analysts tracked by Bloomberg had a consensus estimate of Rs 223 crore.

Can Fin Homes Q4 Earnings Highlights (YoY)

  • Total income up 7.8% to Rs 1,000 crore versus Rs 928 crore.

  • Net profit up 12% to Rs 234 crore versus Rs 209 crore (Bloomberg Estimate: Rs 223 crore).

The company's board of directors recommended a final dividend of Rs 6 per equity share with a face value of Rs 2 each to the shareholders of the firm for the financial year 2024–25. It is subject to the approval of the shareholders.

Shares of Can Fin Homes closed 0.7% higher at Rs 744.90 apiece on the NSE, compared to a 0.67% advance in the benchmark Nifty. The share price has fallen 0.09% in the last 12 months and 1.9% on a year-to-date basis.

Eighteen out of the 22 analysts tracking the company have a 'buy' rating on the stock, three suggest 'hold' and one recommends 'sell', according to Bloomberg. The stock's return potential was at 8.4%.

Also Read: Q4 Results: Dalmia Bharat Profit Up; Syngene International Profit Miss Estimates

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WRITTEN BY
Prajwal Jayaraj
Prajwal Jayaraj covers business news for NDTV Profit. He holds a postgradua... more
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