Can Fin Homes Ltd

- The company has not explicitly mentioned any current or immediate future plans for fundraising through debt or equity in the provided transcript. - However, it is mentioned that the company received a rating upgrade from ICRA to AAA from AA+, which is expected to help in borrowing, particularly through NCDs (Non-Convertible Debentures). - The company is hopeful of securing NHB refinance, which is considered their cheapest source of borrowing, indicating plans to optimize borrowing costs in the future. - There is no direct mention of any equity fundraising plans or new debt issuance details on the discussed pages.

- The company is undertaking a significant IT transformation project, which is expected to incur additional costs of around Rs.15-20 Crores next year beyond the current operating expenses. - The IT transformation cost is an incremental expense and will lead to an increase in cost-to-income ratio to around 18%-18.5% going forward. - There is ongoing branch expansion, with five new branches opened in the north and western regions this quarter, and six to seven more branches planned for the last quarter. - This branch expansion aims to diversify the geographic mix, reduce dependence on southern states, and improve loan sourcing from northern and western states. - The company is also investing in digital channels for lead sourcing and onboarding, which is expected to help boost disbursement volumes and support growth targets.

- AUM (Assets Under Management) growth expected at around 15% plus for FY2025. - Disbursement growth targeted at about Rs.12,000 Crores for FY2025, averaging Rs.3,000 Crores per quarter. - Disbursement Q4 target around Rs.2,800 Crores to Rs.3,000 Crores to maintain 13%-14% AUM growth. - Growth expected to pick up after subdued Q2 due to operational changes and fraud impact. - Branch expansion focused on northern and western India to diversify geography and aid growth. - Digital channels and CRM tie-ups expected to drive higher-quality leads and increase disbursements. - Incremental business growth anticipated in higher ticket size segments (20-30+ lakh range). - Overall aim to achieve consistent 18%-20% CAGR over the next 3-4 years, doubling book size in 4 years.

- AUM growth is expected to be around 15% plus for FY2025. - Disbursement is targeted at approximately Rs.12,000 Crores for FY2025, averaging about Rs.3,000 Crores per quarter, which is a significant increase from the current year's levels. - The company aims for a consistent CAGR of about 20% over the next few years to double the loan book in about four years. - Margins (NIM) are expected to be sustained around 3.6% to 3.8% with incremental spreads around 2.5% to 2.6%. - Operating expenses (opex) are guided at Rs.52 to Rs.53 Crores quarterly for next year, with an additional Rs.15-20 Crores expected for IT transformation costs. - Credit costs are expected to normalize around 0.7%, with no further significant provisioning from the restructuring portfolio anticipated. - Overall, growth in earnings/profits is expected to be supported by higher disbursement and stable margins, alongside controlled credit and operating costs.

The provided pages from the Can Fin Homes Limited January 23, 2024 report do not contain specific information regarding the company's current or expected order book or pending orders. The discussion primarily focuses on financial performance, disbursement growth, restructuring portfolio, NPA movement, provisioning, margins, and operational aspects. For precise details on the order book or pending orders, additional sections of the report or separate filings would need to be referenced.