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CanFin Homes Q2 Results: Profit zooms 34% to Rs 212 crore
By
, ET BureauLast Updated: Oct 22, 2024, 08:18:00 PM IST
Synopsis
Mortgage lender Can Fin Homes reported a 34% rise in net profit for the second quarter at Rs 212 crore against Rs 158 crore in the year ago period.
ETMarkets.comMortgage lender Can Fin Homes reported a 34% rise in net profit for the second quarter at Rs 212 crore against Rs 158 crore in the year ago period.
Profit before tax for the quarter stood at Rs 274 crore, reflecting a 38% year-on-year rise.
The lender's asset quality remained stable with gross non-performing assets ratio being at 0.88% and net NPA at 0.47% at the end of September.
The company board on Tuesday authorised the fundraising committee to decide terms and conditions for mobilising up to Rs 4000 crore in non convertible debentures in one or more tranches. The bonds will be privately placed to investors.
The company's stock price fell 3.22% Tuesday to Rs 833 on BSE.
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