ITNL - Q4FY13 Result Preview - Angel Broking

We expect ITNL to post a decent set of numbers for the quarter on account of healthy order book from its BOT projects. The company is expected to report consolidated revenues of Rs. 1,850cr for 4QFY2013, registering a 7.0% decline yoy. We expect the company to register an EBITDAM of 28%. On the back of high interest cost and high base for 4QFY2012, we expected ITNL's earnings to decline by 11.6% yoy to Rs. 157cr.

We recommend Buy rating on the stock with target price of Rs. 230.

Source : Equity Bulls

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