Capital First Ltd's Q2FY19 consolidated net profit rises 250% yoy to Rs105cr : In-line with Estimates

The company’s consolidated total income stood at Rs1,202.80cr, up 51.22% yoy and 0% qoq.

Oct 26, 2018 09:10 IST India Infoline Research Team

Capital First Ltd Q2FY19

Consolidated Results Q2FY19: (Rs. in cr)

Q2FY19 YoY (%)
Revenue 1,202.80 51.2
Net Profit (adjusted) 105 246.5

Capital First's Q2FY19 consolidated revenue has improved by 51.2% yoy to Rs 1,202.8cr as against Rs795.4cr. NII for the quarter has improved by 51.8% yoy to Rs689cr. The bank’s net profit was in line with consensus estimates, which has increased by 246.5% yoy to Rs105cr against Rs30cr.

Technical View:

Capital First Ltd is currently trading at Rs. 456.30, down by 6.25 points or 1.35% from its previous closing of Rs. 462.55 on the BSE.
The scrip opened at Rs. 462 and has touched a high and low of Rs. 462.30 and Rs. 445 respectively. So far 10,78,992 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

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