Sushil Finance is bullish on Patel Engineering Company and has recommended buy rating on the stock with a target of Rs 300 in its March 1, 2011 research report.
"Patel Engineering Company, during Q3FY11 has posted net sales of Rs 4345.9 mn, registering a de-growth of 31.3% YoY. However, its EBITDA de-grew only by 9.4% YoY to Rs.1080.3 mn and EBITDA margins improved by 603 basis points to 24.9% in Q3FY11. However, after adjusting the hedging loss of Rs.500 mn in the operating expenses (which are reported in interest expense), the EBITDA stood at Rs.580.3 mn and EBITDA margins stood at 13.4%.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
Read More
