Unity Infraprojects - Q4FY13 Result Preview - Angel Broking

Unity Infraprojects (UIP) is expected to post a 16.0% yoy growth on the top-line front to Rs. 833cr for 4QFY2013. We expect the company's EBITDA margin to fall by 74bp to 11.7%. Despite revenue growth, the company's earnings are expected to post a decline of 5.7% yoy to Rs. 36cr on account of low EBITDAM and higher interest cost for the quarter.

We maintain a Buy on the stock, with a Target Price of Rs. 45.

Source : Equity Bulls

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