KPIT Cummins - Q1FY14 Result Preview - Angel Broking

KPIT Cummins Infosystems (KPIT) is slated to announce its 1QFY2014 results today. We expect the company to post revenue of US$109mn, up 3.0%. In INR terms, the revenue is expected to come in at Rs. 619cr, up 8.7% qoq. EBITDA margin is expected to increase by 106bp qoq to 18.8%, majorly on the back of INR depreciation. PAT is expected to come in at Rs. 63cr.

We maintain Accumulate rating on the stock with a target price of Rs. 144.

Source : Equity Bulls

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