Name: Latest research reports of Simplex Infrastructures Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Simplex Infrastructures Ltd.
Rating: 3
Author: ICICI Securities Limited

Simplex Infrastructure

Hold: Simplex Infrastructures Ltd.

ICICI Securities Limited

Simplex Infrastructure reported Q2FY18 results, which were below our estimates on the topline front. However, it was above our estimate on the bottomline front due to strong EBITDA margin expansion and lower effective tax rate Simplex Infrastructure's (SIL) topline de-grew 0.9% YoY to | 1246.0 crore and was below our estimate of | 1319.2 crore possibly on account of muted execution during the quarter EBITDA margin expanded robustly by 90 bps YoY to 13.6% (our...