Can Fin Homes - Q3 Result Updates

Financial Results & Limited Review for Dec 31 2013
Link: Click Here

The consistent performance of the company continues with yet another strong set of numbers. The story of growing 10% every quarter continues, which makes a 40-50% growth YoY, which is more than appreciable for a company involved in housing finance.
At the start of this fiscal, company had about 69 branches across India. The management has plans to achieve 85 by the end of this fiscal. The additional branch network is expected to provide increased market penetration to cater to the evolving needs of our existing customers and tapping a growing potential customer base in tier II and III towns in the country.

Revenues stood at 151.7 Cr Vs 102.8 Cr YoY, indicating a growth of 48%.
Net Profit stood at 20.3 Cr Vs 12.6 Cr YoY, indicating a growth of 61%.
EPS stood at 9.9 Vs 6.2 YoY.

Primary reason for growth was increase in net interest income which was up by 38%, and flat expense incurred by the company in this quarter.

My Views:
Once again, we have a company which seems to have a very bright future. But what we, as an investors are concerned with is the stock price movement. Similar to Dewan Housing, there is a huge upside possible, but certainly can't be guaranteed, because we are not the policy makers in this country. Government and RBI policy will continue to guide their prices for now. Fundamentally, both the companies, are very strong, and can be held for long term, but not sure of the returns one can get, it may be huge, it may be flat.
Not looking in that direction, I think the fair value of the company now seems to be around 225 considering its peers. Earlier, when I posted about the stock in June 13, I gave a target of 200
http://fundamentalstockideas.in/few-more-multibaggers-for-long-term/
Upgrading it to 225 as of now, and of course, this is not considering any severe policy changes in the country.
Investors have to understand the associated risk before investing. Rest is one's own decision.