Can Fin Homes reported a Q4FY25 PAT of ₹230 crore, up 12% YoY, slightly ahead of estimates. The beat was driven by lower taxes, which offset a mild miss on net interest income and higher operating expenses.
Jefferies expects loan growth to improve gradually in FY26, and despite the easing rate cycle, NIMs are expected to hold steady due to a lag in back-book repricing while 60% of liabilities are linked to external benchmarks and reprice faster.
The brokerage sees 12% EPS CAGR and 17–18% ROE over FY25–27, and values the stock at a reasonable 1.6x FY26E BV, justifying its ‘Buy’ rating with a target price of ₹900.
Disclaimer: The above views are of the broker’s and not the author or the publication’s. Please consult a certified financial advisor before making investment decisions.