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CCCL
Consolidated Construction Consortium (CCCL) is expected to continue its trend of
posting poor numbers on all fronts for 2QFY2012 as well. We expect a 5% decline
on the top-line front to `465.0cr (`489.5cr), given the slow-moving infra orders
forming ~40% of its total order book. On the EBITDA front, we expect CCCL to
continue its dismal performance and register a dip of 261bp yoy to 5.2% (7.8%),
in-line with management’s guidance. Against this backdrop, the bottom line is
expected to post a yoy decline of 90.0% to `1.4cr (`13.7cr) for the quarter.
We maintain our Neutral view on the stock.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Result Previews
CCCL
Consolidated Construction Consortium (CCCL) is expected to continue its trend of
posting poor numbers on all fronts for 2QFY2012 as well. We expect a 5% decline
on the top-line front to `465.0cr (`489.5cr), given the slow-moving infra orders
forming ~40% of its total order book. On the EBITDA front, we expect CCCL to
continue its dismal performance and register a dip of 261bp yoy to 5.2% (7.8%),
in-line with management’s guidance. Against this backdrop, the bottom line is
expected to post a yoy decline of 90.0% to `1.4cr (`13.7cr) for the quarter.
We maintain our Neutral view on the stock.
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