NMDC is slated to announce its 4Q FY 2012 results. We expect the company’s top
line to de crease by 33.1 % y o y to Rs. 2,524 cr on account of lower sales volumes as
well as realizations.
On the operating front, EBITDA is expected to de crease by 29.2 % y o y to Rs.1,939 cr.
The bottom line is expected to de crease by 27.2% y o y to Rs.1,528 cr.
We recommend Accumulate on the stock with a target price of Rs.185.
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 de crease by 33.1 % y o y to Rs. 2,524 cr on account of lower sales volumes as
well as realizations.
On the operating front, EBITDA is expected to de crease by 29.2 % y o y to Rs.1,939 cr.
The bottom line is expected to de crease by 27.2% y o y to Rs.1,528 cr.
We recommend Accumulate on the stock with a target price of Rs.185.
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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