GIPCL - 4QFY2013 Result Preview - Angel Broking

GIPCL is slated to announce its 4QFY2013 results. We expect GIPCL to report robust 28.3% yoy growth in its top-line to Rs. 341cr (albeit on a lower base). However, OPM is expected to contract 783bp yoy to 37.1%. The company is expected to post 39.4% yoy increase in net profit to Rs. 55cr.

We maintain Accumulate rating on the stock with target price of Rs. 78.

Source : Equity Bulls

Keywords