Can Fin Homes Ltd — Q4 FY26
Can Fin Homes delivered a strong Q4 FY26 with disbursements of ₹3,245 crore, a new quarterly peak, and full-year disbursements of ₹10,531 crore exceeding the guidance of ₹10,500...
bullish
high
Financial stats pending filing verification
Claim Ledger
Did management answer the analysts?
Every material analyst question, graded on whether management actually answered it — with the verbatim exchange and quantitative claims checked against filed numbers.
83%Questions answered0Evaded / deflected12Questions audited
Partial answer
Medium priority
How helpful have IT programs been? Any qualitative insights?
Asked by Siddhant
Management described implementations but gave no measurable impact, deferring main benefits to next quarter.
no quantitative metricsdeferred benefit to future
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Question
how helpful have the IT programs been and has there been any qualitative could you share any qualitative insight on how it's helping us right now?
Suresh (likely CFO/MD)
we have already implemented on the infrastructure side and also on the security aspect... the main component which is the LOS and LMS which is yet to be implemented in Q1 of this year... higher amount of benefit will start coming in at that point in time
Answered
High priority
Has BT-out rate peaked after shifting to quarterly reset?
Asked by Siddhant
Management gave a clear assumption that BT-out rate has peaked, supported by Q4 data.
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Question
after you know I think on April 1st we shifted to quarterly reset for most of the largest chunk of customers right so after that would you assume that the BT out rate or the rundown rate has peaked now?
Suresh
I would probably assume so because... our BT outs in Q4 have marginally increased... it has almost 380 has been just 400 crores for us... I would therefore assume that that would be there because we passed on the entire benefit.
Answered
High priority
What lag in spreads if rate hike cycle begins?
Asked by Siddhant
Management provided specific percentages and lag period for spread impact.
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Question
if there is a rate hike cycle what lag will we have in our spreads?
Suresh
today almost 85% plus is on quarterly reset... on the liability side about 62%... linked to repo rate... on the asset side since 85% is quarterly there will be about maximum one quarter delay might be there.
Partial answer
Medium priority
How satisfied are you with under 5% housing loan book growth?
Asked by Nepur Kena
Management explained reasons but did not directly state satisfaction level with the growth.
no direct satisfaction levelblamed external factors
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Question
how satisfied are you with just under 5% growth in our housing loan book this fiscal?
Suresh
it was a conscious effort to have a increase in our non-housing... we had to focus more on lap particularly in Karnataka... going forward I think we will be focusing... we will see a higher increase in this current financial year
Answered
High priority
How will you achieve higher disbursement target with limited branch growth?
Asked by Pravin Kumar
Management gave specific plans: 28 new branches, sales team increase to 150.
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Question
you'll need to have around 3,400 cr kind of a disbursement that you need to do right on a run rate... how do you plan to achieve this higher scale of disbursements?
Suresh
new branch expansion... sales team... we are looking at 28 branches to be opened... sales team this year we are looking at increasing it from about 80-90 to about 150 people.
Answered
High priority
Why is AUM growth guidance reduced to 14% from 15%?
Asked by Pravin Kumar
Management acknowledged higher prepayments and confirmed 14% guidance reflects that.
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Question
in terms of AUM growth... for FI27 you were indicating 15%. But I think in your opening commentary you indicated a 14% AUM growth. So is that a tacit recognition that BT out and prepayments are higher?
Suresh
we have to acknowledge that we have had a slightly higher prepayments and so therefore we have slightly marginally looked at it... we have projected for 7,000 cr prepayments BT outs and closures
Answered
Medium priority
Why is southern states proportion increasing in roadmap?
Asked by Pravin Kumar
Management explained resolution of issues and specific branch plans for those states.
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Question
the proportion of the southern states is marginally increasing in FI28 compared to the FI26 levels. Again is that does it again imply that Karnataka and Telangana are expected to continue to drive a higher rate of growth?
Suresh
we had this issues in Telangana and Karnataka which now are getting resolved... we are targeting three branches in Karnataka and about two branches in Telangana this year out of the 28
Answered
Medium priority
Why did fees and commission expense drop despite stable DSA proportion?
Asked by Pravin Kumar
Management clearly attributed the drop to amortization, not a real reduction.
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Question
in your P&L when I saw the fees and commission expense that's in FI26 seems to have come down drastically compared to FI25 levels. So could you throw some light on that?
Suresh
it is only a impact of the amortization and it is impacted both in the income as well as on the expense side... it is nothing to do with that the absolute outflow of the DSC expenses has not gone down.
Answered
High priority
What is the state-wise disbursement budget for FI27?
Asked by Subranchu Mishra
Management provided specific monthly run rates and 25% growth target per zone.
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Question
if you can take me through the budgeting per state for the disbursements how much are we expecting in these large states... and also if you can talk about north and west as well
Suresh
we are targeting an almost similar 25% growth across all the zones... Karnataka about 275 cr per month, north and west 150-160 cr each, Tamil Nadu 180-200 cr, Telangana 110-120 cr, east zone close to 100 cr a month.
Answered
High priority
What is the outlook on opex growth and credit costs?
Asked by Subranchu Mishra
Management gave specific percentage and absolute cost projections for opex and credit cost.
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Question
how do we look at the OPEX growth especially the employee and the non-employee... and third is about the credit costs... any management overlays?
Suresh
employee cost will probably go up by about 10-12%... other cost which is 134 cr will probably go up to about 175 to 180 crores... credit cost per se... we are projecting for 15 basis points I am quite confident it'll be well below that
Partial answer
Medium priority
Are there significant levers to improve profitability in next 12 months?
Asked by Henry Pushutam
Management mentioned levers but did not quantify potential profit improvement.
no quantified profit improvementvague levers
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Question
are there any significant levers for you to improve your profitability in the next 12 months or so... how do you look at improving profitability?
Suresh
our present borrowing cost is 6.99... on the liability side there is some small book of NHB where we are yet to get benefit... on the asset side to slightly improve if we continue with a little increased SEN and a little more non-housing portfolio.
Partial answer
Medium priority
Is strong Q4 demand structural or seasonal?
Asked by Abijit Tar
Management acknowledged seasonality but claimed no slowdown in their segment, without confirming structural demand.
mixed answerno clear structural vs seasonal distinction
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Question
you think this was just seasonality or are there real structural triggers at play which is leading to a good demand?
Suresh
to some extent there is a seasonality... we don't see any major impact in our demand side... there is a definite slowdown in the affordable segment... in the segment that we are catering to I think we at least are not seeing any major change or slowdown.