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Blue star - Q3FY13 Results First Cut - Microsec



Posted On : 2013-01-18 10:13:47( TIMEZONE : IST )

Blue star - Q3FY13 Results First Cut - Microsec

Blue star Ltd announced its Q3FY13 on 18th January, 2013.

The company arrived at net sales of INR593.02 crore, which was up by 1.67% and 3.41% on YoY and QoQ basis. This was due to 7.6% and 5.36% growth in EMP & PAS segment, which contributes ~60-65% to the overall revenue. The EBITDA for the quarter was INR25.43 crore, which was up by 26.20% on QoQ basis. On YoY basis, it turned around from operating loss of INR16.91 crore. The EBITA Margin was up by 77bps on QoQ basis. The company posted a net profit of INR5.37 crore against a net loss of INR33 crore on YoY basis. On QoQ basis, the net profit was down by 26.13% due to increase in interest costs.

Hence, with growth in topline and improvement of margin in EMP & PAC segment in future, the stock is a BUY at the current level. At the CMP of INR178, the stock is trading at a P/E of 27.3x its FY13E EPS of INR6.52.

Source : Equity Bulls

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