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Entry Price

143.00

Target

130.00

Recommend Date

07-06-2019

Return

9.09 %
BUY

Date : 07-06-2019

Simplex infrastructure’s (SIL) topline de-grew 6.1% YoY to | 1,547.7 crore (our estimate: | 1,708.8 crore). EBITDA margin expanded 202 bps to 11.6% almost in line with our expectation of 11.5%. PAT grew 14.5% YoY to | 33.6 crore but was below our estimate of | 40.8 crore mainly on account of higher tax rate and lower-than-expected topline growth.