BGR Energy Systems - 4QFY2013 Result Preview - Angel Broking

We expect BGR Energy's (BGR) top-line to decline by 6.3% yoy to Rs. 1,066cr. However, the EBITDA margin is expected to be almost flat yoy at 12.1%. Interest cost is expected to remain high (owing to elevated interest rate scenario and enhanced working capital requirements), which is likely to drag the bottom-line down by 25.0% yoy to Rs. 50cr.

We recommend Neutral on the stock.

Source : Equity Bulls

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