Morgan Stanley has maintained an overweight rating on Can Fin Homes share, with a target price of Rs 800, following a stronger-than-expected performance in the fourth quarter of FY25.
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Profit after tax (PAT) stood at Rs 2.4 billion, coming in 8% above Morgan Stanley estimates.
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Pre-provision operating profit (PPOP) rose 8% YoY, which was 1% higher than estimates.
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The PAT beat was primarily driven by a lower tax rate.
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Loan growth was reported at 9% YoY and 3% QoQ.
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Disbursements came in at Rs 24.6 billion, reflecting a 31% YoY and 6% QoQ increase, aligned with the company’s guidance.
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The brokerage noted that the management’s outlook on FY26 loan growth will be a key monitorable going forward.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always consult with a qualified financial advisor before making investment decisions.