Can Fin Homes Ltd

Business Overview

• Housing finance institution focused on individuals, pan-India with 274 branches as of Sept 30, 2026.
• Promoted by Canara Bank;Can Fin Homes is part of the Canara Group with strong liquidity.
• 63+ year legacy in housing finance; emphasis on ethical underwriting and transparent governance.
• IT-driven growth agenda to expand digital capabilities and direct loan sourcing.

Operational Highlights

• IT Transformation Program Tejas completed; 297-crore, seven-year digital overhaul completed.
• Q2 FY27: New Approvals 2,604; Disbursements 2,373; Outstanding Loan Book 43,539.
• H1 FY27: New Approvals 5,399; Disbursements 4,982; PAT 542 Cr.
• Impact of Tejas: enhanced scalability, governance, and risk management; LOS/LMS fully implemented.
• Expanded sourcing through 86 new branches post-2023 across multiple zones.

Financial Performance

• Q2 FY27 PAT 275 Cr; NII 431 Cr; Operating Profit 355 Cr; PBT 347 Cr.
• NIM 3.89%; Yield on loan portfolio 9.84%; Cost of funds 7.03%; Spread 2.81%.
• ROA 2.42%; ROE 17.12%; EPS 20.62; Avg. business/branch 159 Cr; Avg. business/employee 29 Cr.
• Gross NPA 0.90%; Net NPA 0.42%; H1 FY27 PAT 542 Cr; Outstanding book unchanged at 43,539 Cr.

Capital Structure & Liquidity

• Total borrowings: 39,077.81 Cr; major components include NHB, NCDs, CPs, and deposits.
• Floating funding dominant; mix includes repo-linked and government securities exposures.
• Liquidity described as consistent and stable.

Strategic Priorities & Outlook

• Project Tejas drives scalable, secure, data-driven growth; governance strengthened via robust ICFR.
• Digital framework: cloud, SOC/NOC, HRMS, LOS/LMS; enhanced information security culture.
• Growth levers: broaden sourcing channels, Can Fin Vishwas, PMAY Lantern Nights, rooftop solar loan.
• ESG governance via ESG Sub-Committee and ongoing CSR initiatives.

Risks & Governance

• Delinquency pool moderate: total delinquencies ~3,661; GNPA ratio ~0.90% (Q2 FY27).
• Strengthened risk management, cyber security policies, and data privacy compliance.

Governance & Leadership

• MD & CEO: Suresh S Iyer; Deputy MD: Shailesh Kumar Singh (w.e.f 03/07/2026).
• Promoter Canara Bank ~29.99%; ESG Sub-Committee established; strong board with independent directors.

Instruments & Ratings

• Long-term bank facilities: Rs 12,000 crore; CARE AAA; Stable
• Non-convertible debentures: Rs 2,500 crore; CARE AAA; Stable
• Non-convertible debentures: Rs 2,240 crore; CARE AAA; Stable
• Non-convertible debentures: Rs 10,000 crore; CARE AAA; Stable
• Tier-II Bonds: Rs 200 crore; CARE AAA; Stable
• Commercial Paper: Rs 4,500 crore; CARE A1+

Agency & Outlook

• Rating agency: CARE Ratings Limited; Outlook: Stable

Meeting Details

• Board meeting scheduled for Friday, October 09, 2026; time and venue not disclosed.

Key Agenda Items

• Un-audited standalone financial results for Q2 and H1 ended Sep 30, 2026 with Limited Review Report.

Other Notes

• Trading window closed for designated persons and promoter group from Oct 1 to Oct 11, 2026.

ESG rating update

• ESG rating of 75 for FY2025-26 places Can Fin Homes in the Leader band.
• Rating provided by Niche Ninety-Nine Capability and Certifications (OPC) Private Limited; voluntary and public-data based.
• Rating published on niche99 site and uploaded on Can Fin Homes website.
• Communication dated 17/09/2026 conveying the ESG rating.

Program scope

• Can Fin Homes launches Project Tejas, a Rs 297-crore seven-year digital transformation initiative.

Implementation progress

• Pilot completed July 2026; rollout to ~177 branches to date.

Technology partners and capabilities

• Partners include PwC, IBM India, KPMG; AWS, Microsoft, Fortinet aiding cloud and security.

AI-enabled capabilities

• AI capabilities for document processing, underwriting, collections, and customer servicing.