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Published on 13/01/2021 4:47:41 PM | Source: Angel Broking Ltd

Views On CESE 3QFY21 Result Update By Amarjeet Maurya, Angel Broking

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Below are Views On CESE - 3QFY21 - Result Update By Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd

During the 3QFY21,CESE Ltd (PIL) reported revenue of ~Rs2,539cr (up ~8% YoY). On the EBITDA front, the company has reported Rs730cr and EBITDA margin at 28.8% (improved by 85 bps yoy). On the bottom-line front, CESE reported ~25% growth yoy of Rs328cr due to operating margin improvement, higher other income and lower taxes. The company has announced a Rs45 dividend, which is ~6.5% dividend yield on the current share price.

 

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