1. Opening Hook
Can Fin Homes just pulled off a triple somersault—record disbursements, improving asset quality, and expanding margins—all while borrowers quietly walked out the back door with prepayments. 😏
Management popped champagne for ₹2,727 crore Q3 disbursements, the highest ever, while analysts squinted at AUM growth that still refused to sprint. The villain? Annual reset loans and rate-sensitive customers who didn’t wait for Can Fin’s emails.
Between repo cuts, delayed transmission, Telangana healing itself after six ugly quarters, and an IT overhaul threatening temporary chaos, this quarter had more moving parts than a housing site in Bengaluru.
Stick around—because the real story isn’t growth vs margins.
It’s whether Can Fin can stop customers from refinancing their way out just when things are finally going right.
2. At a Glance
- Disbursements ₹2,727 Cr (+45% YoY) – Records broken, base effect doing some heavy lifting.
- AUM growth ~11–12% – Would’ve been better, but borrowers prepaid faster than EMIs.
- NIM at 4.14% (Q3) – Timing arbitrage finally paying rent.
- Spread at 2.93% (Q3) – CFO smiling, competitors frowning.
- Prepayments ₹1,691 Cr – Customers said “thanks for the rate cut” and still left.
- GNPA stable (<1%) – Four quarters of cleanup actually worked.
3. Management’s Key Commentary
“₹2,727 crore disbursement is the highest ever in any quarter.”
(Yes, we’re framing this slide.) 😏
“AUM growth was impacted due to higher prepayments.”
(Customers discovered Google: ‘cheaper home loan’.)
“Delinquencies have improved for the
