Rallis India - Q4FY2013 Result Update - Nirmal Bang

- Company reported good results

- Sales grew by 32% yoy to Rs 285 cr, ahead of expectations

- EBITDA margins grew by 400 bps to 9.9% in Q4FY13 as compared to 5.7% in Q4FY12. Sequential Quarterly results are not comparable as Q4 is seasonally weak quarter for the company

- Company reported PAT Rs 11.3 cr as against the expectation of Rs 8.7 cr

- The stock is trading at 20x P/E on FY13 EPS

Source : Equity Bulls

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