Ballarpur Industries Q3FY07 results were in line with our expectations.
Key Highlights
Q3FY07
§ The company has successfully completed the acquisition of shares of Sabah Forest Industries; Malaysia on 16/3/07.The Company has invested USD 60 mn in equity of Ballarpur International for the above purpose. (Results don't include performance of Sabah)
9MFY07
Valuations
(We would be revising our FY08E estimates, once we incorporate Sabah in our financials)