{
  "id": 13966624,
  "title": "Broker’s call: Can Fin Homes (Buy)",
  "url": "https://urgent.news/2026/10/12/brokers-call-can-fin-homes-buy",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T13:33:18.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/brokers-call-can-fin-homes-buy/article71575365.ece"
  },
  "original_language": "en",
  "account": "Can Fin Homes Ltd, backed by Canara Bank, is a prominent housing finance company catering to low- and middle-income borrowers. Nearly 76% of its loans go to salaried individuals, and it operates in 21 states, primarily in Tamil Nadu, Andhra Pradesh, and Karnataka. It's noteworthy as the first housing finance firm promoted by a nationalized bank and one of only a few allowed to accept public deposits. The September quarter's profit after tax (PAT) rose by 9% year-on-year to ₹275 crore, slightly exceeding analysts' expectations of 3% growth. However, assets under growth fell to 11% from the previous quarter's 11%, due to a 7% decline in disbursements, impacted by disruptions from technology implementation. The non-interest income (NIM) dipped by 3 basis points quarter-on-quarter, while exit spreads decreased by the same amount. Interest costs dropped by 5 basis points quarter-on-quarter to 7%. The firm's current price target of ₹1,075 is based on a price-to-book value ratio of 1.7x for the September quarter of this year. Potential downside risks include slower loan growth, a sharper decline in NIMs due to falling home loan rates, and a deterioration in asset quality.",
  "summary": "Jefferies",
  "key_points": [
    "Can Fin Homes profit after tax up 9% YoY to ₹275 crore",
    "Assets under growth decline 7% due to disbursement drop",
    "Price target ₹1,075 based on 1.7x price-to-book ratio"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}