SEL - (CMP/TP: Rs. 88/Rs. 99) (Rating: Accumulate) - 3QFY2014 expectations - Angel Broking

On the back of pick up in execution and a low base of 3QFY2013, we expect Sadbhav Engineering (SEL) to post a strong performance for the quarter. The company is expected to post a revenue of Rs. 641cr, a growth of 81.3% yoy. The EBITDA margin is expected to witness a jump of 64bp yoy to 10.0%, mainly due to pick-up in execution. On the earnings front, the company is expected to post a growth of 419.7% yoy to Rs. 19cr mainly led by revenue growth and lower base of last year.

Source : Equity Bulls

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