Strong guidance on loan growth but execution is vital

Company
24 Jan 2024
5 Min read 
  • Can Fin Homes reported 3QFY24 PAT growth of 32% YoY, in line with expectations.
  •  Net Interest Income (NII) grew 31% YoY, also in line with expectations.
  •  The company saw a sequential expansion in Net Interest Margin (NIM) but a slight increase in Gross and Net NPAs.
  •  The management expects a strong loan growth of around 20% over the next four years.
  •  However, execution on loan growth guidance and recovery in loan growth are crucial for a positive outlook on the stock.
  •  The stock is currently rated as Neutral with a target price of INR 815.
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