Can Fin Homes Ltd.Disbursements ₹2,375 Cr, FY27 ₹13,000 Cr held

Can Fin Homes reported Q2 FY27 disbursements of ₹2,375 crore, net of ₹29 crore of cancellations, as the Project Tejas IT migration cut disbursements in each branch's go-live month by 70% to 75%.

The migration is now complete across all branches, and management said demand held, with branches not yet migrated beating their Q1 average and the quarter close to ₹3,000 crore without the migration. FY27 disbursement guidance of ₹13,000 crore and AUM growth of 13% to 14% were held, with about ₹3,500 crore targeted for Q3 and the ₹400-odd crore shortfall to be covered in Q4. Spread was about 2.8% and NIM about 3.8% against guidance of 2.75% and 3.75%, credit cost was 9 basis points, and prepayments eased to ₹1,795 crore.

Of the 25 basis point repo increase, 10 basis points were passed on from 8 October against a 12 to 13 basis point rise in funding cost. NHB sanctioned ₹1,350 crore. Management's internal view for FY28 is about ₹16,000 crore of disbursement and AUM growth near 15% to 15.5%.