CMP : 319
Target Price :
Simplex Infrastructures (Simplex) reported in-line set of numbers for 2QFY2016.
The company reported a top-line of Rs1,392cr, up 11.5% yoy, but slightly below
our expectation of Rs1,399cr. The EBITDA for the quarter stood at Rs143cr, ahead
of our estimate of Rs141cr while the EBITDA margin expanded by 7bp yoy to
10.3%, for 2QFY2016. Stron..