Q1 2025 Can Fin Homes Ltd Earnings Call Transcript
Key Points
- June was the second-best month in terms of disbursements in the last 15 months, indicating a positive trend.
- The company is confident of achieving INR 2,500 crore disbursement in Q2 FY25.
- Positive growth in disbursements across all states except Andhra Pradesh and Telangana.
- The company is targeting a disbursement of INR 10,500 crores for the year, indicating strong growth expectations.
- The company has implemented process changes and internal controls, which have now stabilized, allowing for a focus on business growth.
- Disbursements were down by 6% in Q1 FY25 due to a slow start in April and May.
- Gross NPAs increased by INR 39 crores in Q1 FY25, compared to an increase of INR 31 crores in Q1 FY24.
- Higher borrowing costs in Q4 FY24 have carried over into Q1 FY25, impacting spreads.
- Incremental IT expenses and increased CSR budget have led to higher overall expenses.
- The company has not raised any funds from NHB in FY24 and Q1 FY25, which could have provided lower-cost funding.
Ladies and gentlemen, good day, and welcome to Can Fin Homes Limited Q1 FY25 Conference Call hosted by Investec Capital Services. (Operator Instructions) note that this conference is being recorded.
I now hand the conference over to Mr. Nidesh Jain from Investec Capital Services. Thank you, and over to you, so, sir.
Thank you, Priya. Good afternoon, everyone, and welcome to the Q1 FY25 earnings conference call of Can Fin Homes Limited to discuss the financial performance of Can Fin Homes and to address your queries we have with us Mr. Suresh Iyer, MD and CEO, Mr. Vikram Saha, Deputy MD and Mr. Apurav Agarwal CFO, Mr. Prakash, our General Manager and Mr. Prashanth Joishy, from Can Fin Homes Limited.
I will now I would now like to hand over the call to Mr. Suresh Iyer for his opening comments. Over to you, sir.
Yeah, good afternoon and thank you, Nidesh,
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