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Indiabulls Financial Services - Q3 Results Review - Nirmal Bang



Posted On : 2013-01-22 22:23:07( TIMEZONE : IST )

Indiabulls Financial Services - Q3 Results Review - Nirmal Bang

Indiabulls Financial Services reported 7.8% QoQ and 30.8% YoY increase in net profit driven by strong growth in net interest income (+7.4% QoQ and 21.0% YoY).

- AUM witnessed growth of 30% on YoY basis and 5% on QoQ basis and management targets to grow at around 25-30% going forward as well.

- The cost to income ratio declined from 26.7% in Q3FY12 and 24.4% in Q2FY13 to 21.7% in Q3FY13.

- The asset quality remained stable with GNPA at 0.76% and net NPA at 0.33%.

- The stock is trading at 1.78x P/BV.

Source : Equity Bulls

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