IVRCL - (CMP/TP: Rs. 16/-) (Rating: Neutral) - 3QFY2014 expectations - Angel Broking

For 3QFY2014, we expect IVRCL to continue to post poor numbers. The company is expected to post a revenue of Rs. 1,360cr, indicating a modest growth of 7.1% yoy. We expect the EBITDA margin to expand by 314bp yoy to 8.5%. On the bottom-line front, on the back of high interest cost and subdued operating performance, we expect the company to post a loss of Rs. 34cr vs a loss of Rs. 68cr in 2QFY2013.

Source : Equity Bulls

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