Can Fin Homes net profit up 24% at Rs 132 crore in third quarter

Can Fin Homes on Monday reported a nearly 24 per cent rise in its net profit at Rs 131.92 crore in the third quarter ended December 2020. The non-banking financing company sponsored by Canara Bank had posted a net profit of Rs 106.61 crore in the same quarter a year ago. Total income during the October-December period of 2020-21, however, fell to Rs 502.76 crore as against Rs 516.79 crore in the same period of 2019-20, Can Fin Homes said in a regulator y filing. Company's main business is to provide loans for the purchase and construction of residential houses.