Simplex Infrastructures - Q4FY13 Result Preview - Angel Broking

Simplex Infrastructures is expected to post a subdued performance on the revenue front, as we expect the top-line to decline by 5.8% yoy to Rs. 1,691cr for 4QFY2013 owing to slow moving order book. We expect EBITDA margin to expand by 10bp to 8.8%. The bottom-line is expected at Rs. 21cr for the quarter, indicating a decline of 19.4% yoy. This is mainly on account of lower-than-expected revenue growth during the quarter.

We maintain a Buy on the stock, with a Target Price of Rs. 164.

Source : Equity Bulls

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