Can Fin Homes Reports Quarterly and Annual Results

28 Apr 2026 CW Team

The board of Can Fin Homes (CFHL) approved financial results for the quarter and year ended 31 March 2026. Net profit for the fourth quarter stood at Rs 3.46 bn compared to Rs 2.65 bn in the year ago quarter, an increase of 31 per cent. For the fiscal year, profit after tax was Rs 10.86 bn, up 27 per cent, while profit before tax reached Rs 13.03 bn, up 21 per cent.

Loan assets at 31 March 2026 were Rs 422.09 bn, recording a growth of 10 per cent year on year. Housing loans accounted for 72 per cent of the loan book, while non-housing loans, including commercial real estate, made up 28 per cent. The debt to equity ratio stood at six point four and return on equity was 23.12 per cent, while return on assets was three point two nine per cent. Net interest margin was four point one nine per cent, and spread was two point nine two per cent.

Loan disbursements for the 12 months ended 31 March 2026 were Rs 105.31 bn compared with Rs 85.68 bn in the previous year, reflecting a 23 per cent year-on-year increase. As required under Ind AS 109, the company has provided Rs 4.00 bn for expected credit losses. Total provisions carried were Rs 4.99 bn, including a management overlay of Rs 0.59 bn and Rs 0.40 bn for restructured accounts. These provisions form part of prudent credit risk management.

Liquidity coverage ratio stood at 563.50 per cent, and documented undrawn bank lines amounted to Rs 25.41 bn, which with internal accruals, will meet commitments for the next three months. Deposit balances were Rs 2.20 bn and the company is offering seven point five zero per cent on 36 months cumulative deposits with senior citizens receiving an additional zero point two five per cent. The fixed deposit programme retains an AAA rating with stable outlook, while short term borrowings carry an A1 plus rating. The retail network spans 249 branches across 21 states and union territories.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..