i expect can fin to report 34-36 cr. of PAT in q2 ,q1 was 32 cr. so if we extrapolate it to q3 and q4 PAT can be 36 and 38 cr. so fy16 PAT may be @140cr and EPS will be 53-54 rs. range.
some assumption for thesis
1) LAP growth and CP funding will help improve NIM
2) 5-7 % qoq growth in loan assets
3) no bad surprises on asset quality
4) Bank rate cut will be mildly positive as borrowing from banks are declining.
haven’t got anything from NHB about risk weight on small housing loans yet, but whenever it will come (as NHB follows RBI with lag) it will be positive and may be big positive as canfin may not have to infuse additional capital till FY18 (figures crossed for this one)
disc: hold and biased
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