Excellent results by Can Fin Homes with net profit up 90% in Q2FY16 with company getting benefits of operating leverage (other expenses up only 12%), and reduced interest expense (finance cost up 22%, compared to interest income up 33%). CanFin continues to be fastest growing HFC, with strategy of low cost expansion through satellite offices bearing great results..
The current book value is ~315 per share, and FY16 should be close to 350 – 360 per share..so the stock is now trading at ~3x FY16…FY16 EPS could be ~55-60, so now trading at ~18xFY16 PE multiple…
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