Can Fin Homes - Q1 Result

Financial Results & Limited Review for June 30, 2013
Link: Click Here

Another solid and consistent performance by Can Fin Homes. But I am not sure, how much it will show in stock price, because of weakness in entire sector.

Revenues have grown from 83.85 Cr to 126.59 Cr, that suggests growth of 51% YoY.
Also, it has grown from 113.23 Cr to 126.59 Cr, that suggests growth of 12% QoQ.

Net Profit have grown by almost 44% from 11.49 Cr to 16.51 Cr YoY.
It has also grown by approx 7% from 15.54 Cr to 16.51 Cr QoQ.

Such high profit has taken EPS to 8.1 Rs for the quarter, which is highest so far, as far as I believe.

My Views:
Numbers looks excellent to me, especially in poor times, where many finance companies has not been able to show good numbers. If you look at last few quarters, company has shown consistent growth, not just YoY, but also quarter after quarter, which has impressed me a lot.
The only problem with this stock is the sector, where almost all the companies are trading at 52 weeks low. Even a company like LIC is also hammered with stock trading at 170 levels.
One has to keep a long term view to get good returns from Can Fin Homes, in spite of tremendous performance from the company, because of heavy weakness in the sector.
As mentioned in earlier post, I still maintain my target of 200, but just that, it might take time to reach there.
We had another disappointment from RBI today, with Credit Policy. The scare of interest rates being increased by Banks might further put pressure on this sector.