Review

CAN FIN HOMES LIMITED 

Ticker : 511196 
FV : Rs 2 
52-Week H/L : Rs 619.00/253.55 

We had previously recommended Can Fin Homes in volume 37, issue no. 21, dated March 15, 2021, when the scrip was trading at Rs 561.75. It was recommended based on a positive growth outlook for the company. On the standalone quarterly front, the company recorded net income from operations to be Rs 502.76 crore for Q3FY21, which is a decrease of 2.71 per cent from its net income from operations of Rs 516.79 crore reported for Q3FY20. The interest income for Q3FY21 came in at Rs 499.62 crore, declining by 2.71 per cent compared to Rs 513.57 crore in Q3FY20. The net profit was recorded at Rs 106.13 crore in Q3FY20 thus, clocking a growth of 24.30 per cent to Rs 131.92 crore in Q3FY21. With increasing loan book reach and clientele base, the company has been able to achieve strong growth. Hence, we recommended our investors- readers to BOOK PROFIT at Rs 619 per share as of March 23, 2021, with a gain of 10.19 per cent.