Indoco Remedies - 3QFY2013 Result Review - Nirmal Bang

- Result was below expectations

- Sales grew by 5.5% yoy at Rs 153.3 cr

- EBITDA margins at 12.5 % declined yoy (250 bps) as well as qoq (160 bps)

- PAT at Rs 7.4 cr declined by 10.7% yoy and 39% qoq

Source : Equity Bulls

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