Indusind Bank Q2’s net profit: 1600 cr
Q3 preliminary reported (unaudited) data :
- 18% YoY advanced growth
- 15% YoY net deposit growth
- 42.4% CASA
Based on the current rate expected annual profit is 6400 cr without growth and improving asset quality considering.
The current market cap is ~94,000 (1200 stock price). Is it not trading the company with a cheap valuation of 14.7 P/E for a minimum of 15% growth?
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