Jyoti Structures - 4QFY2013 Result Review - Angel Broking

For 4QFY2013, Jyoti Structures top-line performance was better than our expectations, growing by 27.5% yoy to Rs. 938cr. On the operational front, EBITDA margin contracted by 71bp yoy to 10.6% (vs our expectation of 118bp yoy contraction to 10.1%) However, elevated interest cost due to higher working capital borrowings has led to 29.3% yoy decline in net profit to to Rs. 22cr.

The stock is under review.

Source : Equity Bulls

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