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%.
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