Can Fin Homes Reports Strong Quarter with 15.6% PAT Beat; NIM Guidance at 3.75%, Target Price Raised to ₹950

Can Fin Homes (CANF) delivered a robust quarterly performance, with profit after tax (PAT) beating estimates by 15.6%, supported by higher net interest income (NII), strong net interest margins (NIM), and lower credit costs. The company continues to maintain healthy margins, as around 60% of its loan book remains under annual reset, while banks and NHB, which account for 71% of total borrowings, have benefitted from the 100 bps repo rate cut. CANF noted that funding cost reductions may now be limited except for new NHB sanctions. Management has guided for NIM at 3.75%, providing room to offer competitive lending rates to drive business momentum in Q4FY26. The company also reported a decline in SENP stress, leading to provisions dropping to 3.2 bps (from 28 bps in Q1FY26), and expects further stress reduction in Q3FY26. Looking ahead, CANF aims for 12–13% loan book growth, translating to a 35% rise in disbursals over H1FY26 (₹45.6 billion). Analysts have maintained a multiple of 1.8x but raised the target price to ₹950 (from ₹875) as valuations roll forward to Sep’27 ABV, reiterating a ‘BUY’ rating. #CanFinHomes #Q2Results #NIM #LoanGrowth #HousingFinance #EarningsUpdate #PATBeat #RepoRate #Financials #StockMarketIndia #BUYRating