Can Fin Homes Q2FY18 consolidated net profit rises 36.2% yoy

India Infoline Research Team | October 24, 2017 14:23 IST

Can Fin Homes Ltd Q2FY18

Standalone Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
Revenue 142 26
Net Profit (adjusted) 75 36.2

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Reco. Price

2621.3

Last updated on

10-Oct-2017



Can Fin Homes Ltd reported its standalone Q2FY18 Results.

Its NII for Q2FY18 grew at 26% yoy to 142 crore against Rs. 113 crore in Q2FY17. .

Provision for the quarter stood at Rs.10 crore in Q2FY18.


Net profit for the quarter grew at 36.2% yoy to Rs.75 crore vs Rs.55 crore in previous year corresponding quarter. This was due to an increase in interest earned by 15.1% vs. a slower increase in interest expended of 10% yoy. 

Technical View:

Can Fin Homes Ltd is currently trading at Rs. 545.85, up by 8.45 points or 1.57% from its previous closing of Rs. 537.40 on the BSE.
The scrip opened at Rs. 540.35 and has touched a high and low of Rs. 558.55 and Rs. 540.35 respectively. So far 13,61,675(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 100 DMA.

BSE 467.05 5.50 (1.19%)
NSE 467.60 7.15 (1.55%)

***Note: This is a NSE Chart

 

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