Visit http://indiaer.blogspot.com/ for complete details �� ��
GVK Power & Infrastructure (GVKP)
Infrastructure
Broadly in-line results; strong traffic growth continues at airports. GVKPIL
reported relatively sedate revenue growth of 2.3%, about 9.5% below our estimates.
Net PAT of Rs428 mn was broadly in line with our estimates. Roads segment led the
revenue growth (9%) while power segment reported relatively flat revenues on a yoy
basis. Both the airports (Mumbai, Bangalore) continued to records strong traffic growth
in 2QFY11 (about 12%) while traffic moderates for the road project. Reiterate BUY.
No comments:
Post a Comment