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Aggressive loan sanctions and disbursement boosted the net profit of CanFin Homes by 36.19 per cent to ₹74.99 crore for the second quarter (Q2) of 2017-18 as against ₹55.06 crore during the same period last year.
The company’s total income during Q2 rose 15.48 per cent to ₹388.86 crore (₹332.38 crore in the year-ago period). EPS (basic) stood at ₹28.17 (₹20.68).
Commenting on the company’s performance, SK Hota, Managing Director, CanFin Homes, said: “During the quarter, sanctions of loans grew 33 per cent over Q1 at ₹1,574 crore, disbursement of loans grew 17 per cent at ₹1,346 crore.”
Percentage of gross non-performing assets (NPA) continues to remain low at 0.40 per cent (0.25 per cent last year).
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