Accumulate Voltas - Oct-Dec 2012 Earnings Preview - Prabhudas Lilladher

We expect overall revenue to de-grow at Rs10.67bn (7.5% YoY). The margin of MEP segment is likely to be under pressure as the incremental revenue booked in Sidra and few other projects will be booked at cost. Though in the UCP segment, Voltas has been able to grow faster than the market, margins are likely to be under pressure due to competition.

Source : Equity Bulls

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