Maytas Infra a market performer: IIFL

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Maytas Infra a market performer: IIFL

IIFL has recommended a market performer rating on Maytas Infra. Maytas Infrastructure reported a strong 157% YoY increase in FY08 revenues, significantly ahead of research firm's expectation.

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IIFL has recommended a market performer rating on Maytas Infra in its July 1, 2008 research report. "Maytas Infrastructure reported a strong 157% YoY increase in FY08 revenues, significantly ahead of our expectation. EBITDA was only modestly higher than our estimate, as EBITDA margin declined by 343bps. Net profit growth was even slower, at 81% YoY, because of a significant increase in interest and depreciations costs. Market Performer (MP)," says IIFL's research report.

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