Views on MBL 4QFY2015 Results - Angel Broking

Mr. Santosh Yellapu (Sr. Research Analyst - Infrastructure, Angel Broking) on MBL 4QFY2015 Results:

Higher Interest and tax expenses put pressure on MBL's 4Q PAT

"MBL reported standalone sales of INR 552cr, up 9.2% yoy (below our estimate of INR 623cr). On the operating front, OPM's were ahead of our expectations. MBL reported OPMs of 10.5% ahead of our 7.5% expectations. Reported OPM on yoy basis was up 186bp. Higher interest, and tax expenses led to yoy decline in PAT margins at 2.5% (vs. our 3% estimates). Considering strong market positioning within Roads & Highway vertical and better visibility over the future growth prospects, we maintain BUY rating on the stock with price target of INR 789."

Shares of MBL Infrastructures Ltd was last trading in BSE at Rs.568.75 as compared to the previous close of Rs. 569. The total number of shares traded during the day was 8400 in over 343 trades.

The stock hit an intraday high of Rs. 578.25 and intraday low of 565. The net turnover during the day was Rs. 4796160.

Source : Equity Bulls

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