ONGC is slated to announce its 3Q FY 2012 results. We expect the company’s top
line to de crease by 17.3% y o y to Rs.17,200 cr on account of higher subsidy. EBITDA
margin is expected to decline by 13.54% y o y to 51.5%. The bottom line is
expected to de crease by 37.1% y o y to Rs. 4,454 cr.
Maintain Buy view on the stock with a target price of Rs. 324.
Review by Angel Broking
line to de crease by 17.3% y o y to Rs.17,200 cr on account of higher subsidy. EBITDA
margin is expected to decline by 13.54% y o y to 51.5%. The bottom line is
expected to de crease by 37.1% y o y to Rs. 4,454 cr.
Maintain Buy view on the stock with a target price of Rs. 324.
Review by Angel Broking
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