Sadbhav Engineering - Q1FY2014 Result Preview - Angel Broking

We expect Sadbhav Engineering (SEL) to post good numbers for the quarter on the top-line front, mainly on account of pick up in execution and a low base of 1QFY2013. The company is expected to post revenue of Rs. 591cr, a growth of 40.2% yoy. The EBITDA margin is expected to witness a jump of 133bp yoy to 10.6%, mainly due to pick-up in execution. On the earnings front, the company is expected to post a dip of 56.5% yoy to Rs. 23cr. We maintain a Buy on the stock with a Target Price of Rs. 100.

Source : Equity Bulls

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