NMDC is slated to announce its 3Q FY 2012 results. We expect the company’s top
line to grow by 4.7% y o y to Rs. 2,745 cr on account of in creased sales volumes as
well as realization.
On the operating front, EBITDA margin is expected to improve
by 58bp y o y to 77.5%. The bottom line is expected to grow by 15.7% y o y to
Rs.1,757 cr.
We maintain our Buy rating on the stock with a target price of Rs.231.
Review by Angel Broking
6th Floor, Ackruti Star, Central Road,MIDC
Andheri (E) , Mumbai-93
Main : (91-22) 3935 7600 Extn : 6956
Website : www.angelbroking.com
line to grow by 4.7% y o y to Rs. 2,745 cr on account of in creased sales volumes as
well as realization.
On the operating front, EBITDA margin is expected to improve
by 58bp y o y to 77.5%. The bottom line is expected to grow by 15.7% y o y to
Rs.1,757 cr.
We maintain our Buy rating on the stock with a target price of Rs.231.
Review by Angel Broking
6th Floor, Ackruti Star, Central Road,MIDC
Andheri (E) , Mumbai-93
Main : (91-22) 3935 7600 Extn : 6956
Website : www.angelbroking.com
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