 "Can Fin Homes surges on strong Q3 results")
Can Fin Homes has moved higher by 17% to Rs 1,049 on BSE after the company reported 63% year on year (yoy) growth in net profit at Rs 42.18 crore for the third quarter ended December 2015 (Q3FY16), on the back of strong operational income.
The housing finance company had profit of Rs 25.95 crore in the same quarter last year.
Total income from operations during the quarter review increased 31% at Rs 282 crore against Rs 216 crore in the corresponding quarter of previous fiscal.
At 02:46 p.m. the stock was up 15% at Rs 1,039 on the BSE. The counter has seen huge trading volumes with a combined 464,707 shares changed hands on the BSE and NSE so far.
The housing finance company had profit of Rs 25.95 crore in the same quarter last year.
Total income from operations during the quarter review increased 31% at Rs 282 crore against Rs 216 crore in the corresponding quarter of previous fiscal.
At 02:46 p.m. the stock was up 15% at Rs 1,039 on the BSE. The counter has seen huge trading volumes with a combined 464,707 shares changed hands on the BSE and NSE so far.