CanFin Homes net grows 36% to Rs 75 crore in Q2

NEW DELHI: CanFin Homes, the housing finance arm of public lender Canara Bank, today reported 36.3 per cent rise of in net profit to Rs 75 crore for the second quarter ended September 30, 2017-18.

Its net profit during the July-September quarter of 2016 -17 stood at Rs 55 crore.

The firm’s total income from operations rose to Rs 383.85 crore from Rs 332.31 crore in the year-ago period, CanFin Homes said in a regulatory filing.

CanFin Homes is mainly engaged in providing loans for the purchase and construction of residential houses.