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Can Fin Homes Q1 Review - Robust Quarter With Sustained Growth In AUM: Axis Securities

Can Fin Homes Q1 Review - Robust Quarter With Sustained Growth In AUM: Axis Securities

<div class="paragraphs"><p>A residential building. (Source: pxhere.com)</p></div>
A residential building. (Source: pxhere.com)

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Axis Securities Report

Can Fin Homes Ltd.’s Q1 FY23 performance was ahead of our expectations. The operational performance was robust, driven by sustained growth in assets under management owing to healthy YoY growth in disbursements, improved net interest margins (up 30 bps YoY), and steady asset quality.

Can Fin Homes' AUM grew 24/3% YoY/QoQ, led by strong disbursements (up 93% YoY, down 36% QoQ). AUM growth was driven by the salaried segment which grew by 26% YoY, while growth in the self-employed non-professional segment remained healthy at 19% YoY.

The mix of salaried to SENP borrowers remained stable QoQ at 74%-26%. The management expects the mix of SENP customers to improve to ~30% in the coming quarters.

Click on the attachment to read the full report:

Axis Securities Can Fin Home-Q1FY23-Result Update.pdf

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