Gruh Finance - Q4FY13 results - Nirmal Bang

- NII increased 32.7% QoQ and 11% YoY
- Profit before provisioning increased 44.7% QoQ and 13.1% YoY
- PAT increased 13.5% YoY to Rs 63.08 cr
- Gross NPA declined to 0.32% from 0.52% in Q4FY12
- The stock is trading at 7.2x P/BV which we believe is fairly valued.

Source : Equity Bulls

Keywords