CanFin Homes Ltd, the housing finance arm of public lender Canara Bank, on Tuesday (October 17) reported an 11.5 percent year-on-year (YoY) jump in net profit at ₹158 crore for the second quarter that ended September 30, 2023.

In the corresponding quarter last year, CanFin Homes posted a net profit of ₹141.7 crore, the company said in a regulatory filing. CNBC-TV18 Polls had predicted a profit of ₹157 crore for the quarter under review.

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Net interest income (NII), which is the difference between the interest income a bank earns from its lending activities and the interest it pays to depositors, jumped 26.1 percent, coming at Rs 316.8 crore against ₹251.2 crore in the corresponding quarter of FY23.

The gross non-performing asset (GNPA) stood at 0.76 percent in the September quarter against 0.63 percent in the June quarter. Net NPA came at 0.43 percent against 0.34 percent quarter-on-quarter.

The results came after the close of the market hours. Shares of CanFin Homes Ltd ended at ₹768.30, up by ₹29.40, or 3.98 percent on the BSE.