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Accumulate Jyoti Structures - Oct-Dec 2012 Earnings Preview - Prabhudas Lilladher
Posted On : 2013-01-14 09:09:59( TIMEZONE : IST )
We expect the sales to grow by 3% YoY at Rs6.0bn. The execution is likely to be slow due to ROW issues in few projects and low order book. Higher interest cost is likely to take a toll on PAT. The stretched working capital due to delayed payment from SEB is likely to keep interest cost high and continue to drag profitability.