CCCL - (CMP/TP: Rs. 4/-) (Rating: Neutral) - 3QFY2014 expectations - Angel Broking

Consolidated Construction Consortium (CCCL) is expected to continue to post poor numbers on all fronts for 3QFY2014. On the back of slow moving order book and lower-than-anticipated order inflows in 1HFY2014, we expect the company to post a top-line of Rs. 416cr, a decline of 5.0% yoy. On the EBITDA front, we expect the company to continue with its dismal performance and register a dip of 49bp yoy to 2.5%, owing to poor performance on the execution front. On the bottom-line front, the company is expected to post a loss of Rs. 15cr for the quarter vs a similar loss of Rs. 15cr in 3QFY2013.

Source : Equity Bulls

Keywords