GIPCL - 4QFY2013 Result Review - Angel Broking

GIPCL reported its 4QFY2013 results. Top-line was in-line with our estimates, growing by 25% yoy to Rs. 331cr (vs. our estimate of Rs. 340cr). However, operational performance was much better than our estimate with EBITDAM at 42%. Consequently, the company's net profit stood at Rs. 62cr (vs Rs. 39cr in 4QFY2013 and our estimate of Rs. 55cr).

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

Source : Equity Bulls

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