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Login Open ICICI 3-in-1 Account

Entry Price

151.00

Target

210.00

Recommend Date

10-02-2021

Return

39.07 %
BUY

Date : 10-02-2021

Q3 revenues stayed flat QoQ at | 2259 crore (still down 2.7% YoY) vs. | 2268 crore in the last quarter. India revenues grew 10.8% QoQ (up 6.7% YoY) to | 460 crore. However, GCC revenues de-grew 3.4% QoQ (down 4.6% YoY) to | 1866 crore. EBITDA margins expanded 257 bps QoQ to 14.5% due to lower other expenditure. Subsequent EBITDA grew 21.0% QoQ to | 328 crore. PAT came in at | 92 crore, which is ~2.8x of last quarter.