- *GMR Infra* is set to infuse Rs 1,700 cr fresh equity capital in its energy business during the present financial year.
On Mon, Jun 3, 2013 at 10:18 AM, Rajesh Desai <[email protected]> wrote: > GMR Infra (NB Insti) > · GMR Infrastructure’s (GIL) EBITDA of Rs7.7bn (up 185% YoY, > 12%/17% *above our/Bloomberg estimates*, respectively) and improvement in > EBITDA margin by 1,020bps at 38.3% was primarily driven by the change in > the accounting policy related to National Aviation Company of India (NACIL) > - from receipt basis to accrual basis - which provided incremental EBITDA > of Rs1.5bn. > · The company posted a net profit of Rs5.8bn, primarily driven > by exceptional income of Rs7.8bn on account of divestment of stake in its > Singapore subsidiary. > · Adjusted for exceptional income, the company posted a net loss > of Rs2.0bn (above our/Bloomberg consensus estimates of net loss of > Rs1.4bn/Rs1.0bn, respectively) primarily due to high interest costs and > increased net loss in the power generation segment. > · *We have retained our Buy rating on the stock with a > SOTP-based target price of Rs25.* > > > > -- > CA. Rajesh Desai > -- CA. Rajesh Desai -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. Visit this group at http://groups.google.com/group/globalspeculators?hl=en. For more options, visit https://groups.google.com/groups/opt_out.
