Can Fin Homes Reports Record High Financial Performance in Q2 FY25.

Can Fin Homes, a midcap finance company specializing in housing, has recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financials, Can Fin Homes has shown a positive performance in the quarter, with a score of 18, an improvement from 11 in the last 3 months. The company’s net sales for the quarter were at a record high of Rs 962.48 crore, showing growth in each of the last five quarters. This indicates a very positive sales trend in the near term.

The operating profit (PBDIT) for the quarter was also at its highest at Rs 892.17 crore, with growth in each of the last five quarters. This shows a positive trend in the company’s operating profit in the near term. Can Fin Homes has also generated a higher cash flow from its business operations, with an annual operating cash flow of Rs -2,569.60 crore in the last three years.

The company’s operating profit margin for the quarter was at its highest at 92.69%, indicating an improvement in efficiency. The profit before tax (PBT) less other income for the quarter was also at its highest at Rs 273.88 crore, with a year on year growth of 38.34%. This shows a positive trend in the near term for the company’s PBT.

Can Fin Homes has also shown a positive trend in its profit after tax (PAT) for the quarter, with a record high of Rs 211.49 crore. The PAT has also grown at 33.8% year on year, indicating a positive trend in the near term. The company’s earnings per share (EPS) for the quarter were at its highest at Rs 15.88, showing an increase in profitability and higher earnings for shareholders.

In terms of dividends, Can Fin Homes has distributed a higher dividend of Rs 6.00 per share in the last five years. The dividend payout ratio (DPR) for the company has also been at its highest at 10.64%, indicating a higher proportion of profits being distributed as dividends.

Overall, Can Fin Homes has shown a positive financial performance in the quarter ending September 2024, with growth in key areas such as net sales, operating profit, and profit after tax. The company’s efficiency has also improved, and it has been able to generate higher cash flow and distribute higher dividends to its shareholders.