Tata Steel is slated to report its consolidated 2Q FY 2012 results. We expect net
sales to increase by 8.0% yoy to Rs.30,936 cr mainly on account of higher steel
prices.
However, EBITDA margin is expected to contract by 0. 32% yoy to 12.5% on
account of higher raw material costs (Mainly in its European operations).
Net profit is expected to decrease by 32.3% yoy to Rs. 1,339 cr.
We maintain our Buy rating on the stock with a target price of Rs.614.
Review By Angel Broking.
Research Team Tel: 022 - 39357800
E-mail: research@angelbroking.com
Website: www.angelbroking.com
sales to increase by 8.0% yoy to Rs.30,936 cr mainly on account of higher steel
prices.
However, EBITDA margin is expected to contract by 0. 32% yoy to 12.5% on
account of higher raw material costs (Mainly in its European operations).
Net profit is expected to decrease by 32.3% yoy to Rs. 1,339 cr.
We maintain our Buy rating on the stock with a target price of Rs.614.
Review By Angel Broking.
Research Team Tel: 022 - 39357800
E-mail: research@angelbroking.com
Website: www.angelbroking.com
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