ITNL - (CMP/TP: Rs. 140/Rs. 156) (Rating: Accumulate) - 3QFY2014 expectations - Angel Broking

We expect IL&FS Transportation Networks (ITNL) to post a mixed set of numbers for the quarter, with decent performance (on high base) on the revenue front, but muted show at the earnings level, owing to high interest cost. The company's consolidated revenue is expected to grow by 3.1% yoy to Rs. 1,819cr for 3QFY2014. We expect the company to register an EBITDAM of 28.0%. Further, on the back of higher interest cost, which is expected to come in at Rs. 362cr (up 27.2% yoy), we expect ITNL's earnings to remain flat yoy to Rs. 105cr.

Source : Equity Bulls

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