Focus on improving balance sheet and return ratios has helped double its stock price in the past 12 months.
Net profit of a sample of 1,455 companies (excluding banking and financial institutions) rose 2.5% y-o-y after sliding 14.6% in June quarter.
At 12.7%, net profit continued to grow in double-digits for the fourth consecutive quarter.
A higher proportion of such products reduces exposure to market volatility.
NIAC's PB valuation is cheaper but trailing PE multiple is higher than its listed peer.
To post 2-digit sales growth for full year vs peers' single-digit growth.
The company’s revenue grew by 2.3 per cent sequentially to $ 1,928 million, lower than the expected growth of 3.5-4.5 per cent.
This is the slowest growth rate since FY15 when revenue had increased by 5.6%.
Client addition continue to be strong with 72 new accounts during the quarter
What is likely to disappoint investors is the company's weak quarterly forecast.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon