JSW Steel - 3QFY2013 Result Preview - Angel Broking

JSW Steel (CPM: Rs.864, TP:-, Upside :-)

JSW Steel is slated to announce its 3QFY2013 results today. We expect its standalone net sales to grow by 8.5% yoy to Rs.8,531cr mainly on account of increased sales volumes as well as realizations and operating margin is expected to expand by 162bp yoy to 17.3% mainly on account of lower raw material costs. However net profit is expected to decrease by 32.5% yoy to Rs.451cr mainly because of higher tax expenses and interest costs in this quarter.

We maintain our Neutral view on the stock.

Source : Equity Bulls

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