Can Fin Homes sees no further stress from restructured book, expects 15-18% AUM growth in FY25

"At the beginning of the year, we had indicated that we are having a slight pain to the extent of about 15% on the restructured book. This ₹96 crore is in line with the estimate because we had about ₹670 crores of restructured book. The good part is that the entire book has already come out of restructuring in November. So going forward, we don't expect any further pain coming from the restructured book," he highlighted.

As the company focuses on legal efforts and recovery, Iyer is optimistic about reducing gross NPA by around ₹20-30 crore in the fourth quarter from the restructured book.

Iyer noted that the business has already returned to a run rate of about ₹700 crore in disbursements, projecting an upward trend to ₹2,500 crore in the fourth quarter. In the next financial year, the company is aiming for disbursements of ₹3,000 crore per quarter. This will translate to a 20% growth in disbursements for FY25.

He also expects an 18% growth in Assets Under Management (AUM) in the next year.

While Net Interest Margin (NIM) may not improve, it is expected to sustain above 3.5%.

Can Fin has a market capitalisation of ₹10,000 crore. The stock has gained over 36% in the past year but is down a little over 3% year to date.