BGR Energy - 3QFY13 results expectation - Ambit

(BGRL IN, mcap US$321mn, SELL, TP Rs283, 19% upside)

Analyst: Bhargav Buddhadev, bhargavbuddhadev@ambitcapital.com, Tel: +91 22 3043 3252

BGR Energy will announce its 3QFY13 results today. We expect revenues to decline by 17% YoY to Rs6.6bn. We also expect EBITDA margin to contract by 188bps YoY to 14.32%, resulting in a 27% decline in the EBITDA to Rs953mn. Consequently, we expect the PBT to decline by 32% YoY to Rs554mn and the PAT to decline by 31% YoY to Rs376mn. We retain our SELL stance.

Source : Equity Bulls

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