Can Fin Homes Q1 Result Review - Healthy Earnings CAGR Expected: Prabhudas Lilladher

"BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.We increase multiple from 2.1 times to 2.3 times as we raise FY24/25E profit after tax by average ~6.5% due to increase net interest margin and reduction in provisions. With return on asset of 2.1% for FY24/25E, likely return on equity trajectory has moved up from 16.5-17.0% to 18.0-18.5%. Can Fin Homes Ltd. reported yet another strong quarter with better pre-provision operating profit and profit after tax led by NIM beat and lower provisions. Can Fin Homes' asset quality blip was due to slippage from one time restructuring that was guided earlier. We have consistently upgraded earnings since the last four quarters and with likely profit after tax CAGR of 18% over FY23-26E, there are levers for further earnings upgrade given-38% of loans are to be repriced upwards in FY24,interest rates have peaked, high proportion of floating rate borrowings could benefit andprovisions could be lower as overlay is Rs 170 million despite 70% reduction in OTR pool. Valuation at 2.2 times on March 2025 adjusted book value suggests limited upside although earnings quality remains strong. Rolling forward to September-25 ABV, we raise target price to Rs 950 from Rs 770. Retain 'Buy'..Click on the attachment to read the full report:.Brigade Enterprises - Reiterates 15-20% Pre-Sales Growth Target: Motilal Oswal.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Can Fin Homes Q1 Result Review - Healthy Earnings CAGR Expected: Prabhudas Lilladher

Growth guidance maintained; opex could rise.

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Can Fin Homes Q1 Result Review - Healthy Earnings CAGR Expected: Prabhudas Lilladher

Growth guidance maintained; opex could rise.

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