CANFINHOME - Cup and Handle breakout - Daily

14 sept

Name - CANFINHOME
Pattern - Cup and Handle breakout
Timeframe - Daily
Volume - Very Good
Cmp - 931
Can test - 1048
SL - 905


Here’s a summary of Can Fin Homes Ltd’s Q1 FY25 results:

Financial Highlights

Net Profit: Can Fin Homes reported a net profit of INR 109 crore, up from INR 93.15 crore in the same quarter last year1.

Total Income: The total income for the quarter was INR 450.84 crore1.

Disbursements: Disbursements during the quarter rose to INR 894 crore, compared to INR 401 crore in the year-ago period.

Operational Highlights
Loan Book: The loan book reached INR 32,505 crore, reflecting an 18% YoY growth.

Clientele Base: The clientele base stood at 2.46 lakh2.

Segment Contribution: The salaried and professional segment constitutes 73% of the outstanding loan book.

Asset Quality
Gross NPA: The Gross Non-Performing Assets (NPA) ratio improved, indicating better asset quality.

Can Fin Homes has shown robust growth in profitability and loan disbursements, driven by strong demand for housing loans and improved asset quality.


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Disclaimer: This analysis is for informational purposes and not financial advice. The author is not a registered financial advisor. Individuals should conduct their research and seek professional advice before making investment decisions