reports
- Alpesh Mehta
MOSL: CAN FIN HOMES (Buy)-Asset quality remains pristine; yields softe...
CAN FIN HOMES: Asset quality remains pristine; yields soften with re-pricing (CANF IN, Mkt Cap USD1b, CMP INR532, TP INR660, 24% Upside, Buy) Can Fin Homes (CANF)’s 1QFY22 PAT was up 17% YoY to INR1.09b (est. INR1.04b). The quarter was characterized by low disbursements (due to lockdowns), high operating efficiency, and strong asset quality resulting in low credit cost. NII stood at INR1.8b (3% miss) and declined 5% YoY /2% QoQ on sharp contraction in yields. Credit cost at INR65m (MOFSL...
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