KPIT Cummins Infosystems - 3QFY2013 Result Preview - Angel Broking

KPIT (CMP: Rs.112 / TP: Rs.130 / Upside: 16%)

KPIT Cummins Infosystems (KPIT) is slated to announce its 3QFY2013 results today. We expect the company to post revenue of US$105mn, up 1.0%. In INR terms, the revenue is expected to come in at Rs.565cr, almost flat qoq. EBITDA margin is expected to increase by 55bp qoq to 17.2. PAT is expected to come in at Rs.57cr.

We maintain Buy rating on the stock with a target price of Rs.130.

Source : Equity Bulls

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